Most of us work hard to enjoy a vacation once or twice a year. And then we struggle to leave the resort to come back to more hard work! Packing and unpacking are part of the hassle of heading away for a holiday. This is why more and more people are buying a second home in their favourite resort. You can travel light, come and go as you please with no check-in times to worry about. But is now really a good time to invest in overseas properties?
This is quite a personal question to answer. It would depend on your financial circumstances and whether you could indeed make some savings for your vacations. Investments are about securing a place for your money where it could grow. And there are certainly many different options for this. People have long favoUred investing in property because the value of ‘bricks and mortar’ continues to rise.
Where you invest would also be down to your preferences. Perhaps you have a favourite resort you return to time and again? Or maybe you’re looking for something new and exciting that you can get an early handle on? There are properties for sale in Bangalore and other desirable locations that are brand new. New cities and resorts attract a lot of attention. They are clean, fresh, and well-designed. This makes them ideal for commuters and vacationers alike.
Perhaps you’re looking for a property that is easy to rent out to others when not in use. It makes sense to buy something new that requires almost no maintenance. This helps to ensure the property is ready for guests with the minimum of attention. You shouldn’t need to do a lot of decorating, and you may be able to furnish it quite easily in an attractive contemporary style.
If the property you’re interested in has a lot of outdoor space, you may need to hire a landscaper or gardener to tend to it while the property is vacant. For security purposes you may also install wifi security cameras so you can check on your property from overseas. There are agents that may be able to help you find tenants or holiday rental candidates to secure a good income from your property. The agent may also be able to manage any repairs or cleaning that is required as part of their fee.
Of course, it is very convenient to have a vacation home that you can jet off too with next to no notice. For those of us in high-pressure jobs, it is never convenient to book long holidays in the future. Having the opportunity to take a few days as you need them can be part of a lifestyle that works for you. And travelling light is always going to sound appealing!
Is it a good time to invest in overseas properties? There certainly are a lot of exciting prospects out there that are ripe for picking. But the timing needs to be right for you to put your cash into a great property. Love your vacation home.