Just about everybody would love to own a beautiful vacation home. Ideally, when you get a second home, you have a fabulous place where you can escape whenever you want to. If you are considering investing money in a new vacation property, you need to ensure that you don’t rush into things. If you want your second home to be sustainable and affordable, you should ensure that it has specific characteristics and amenities. Here are the things you need to look for in your new vacation home.
What to Look for in a Vacation Home
Look for a detached property
You might think that it doesn’t matter whether you get a detached or semi-detached property, but it does. It is crucial that you look for a detached property if you want to have real value in your new home. Most of the time, there won’t be much difference in price between a detached house and other places like condos. If you can do it, you should always opt for a free-standing option.
Nearby attractions and activities
You need to know what is around your home so that you can rent it out to other people. One of the best things about having a holiday home is that you can profit from it when you aren’t using it. Make that place pay! Usually, the open house guide will tell you what amenities are in the local area. If there are local attractions and landmarks near a house, you can be sure that it will probably be a safe investment. Not only will you be able to enjoy the activities, but you can also use them as a selling point when renting the place to other people.
Try to get a vacation home with extra features
Some properties come with extra features. Things, such as swimming pools and saunas, can add value to a property. Even if you don’t appreciate those extras, you will find that the house is more attractive to buyers and renters in the future. When you are browsing various properties, you should make a note of any extra amenities they have. You should take these things into consideration when you choose your vacation home.
Look at the future valuation predictions
If you hope to sell your vacation home in the future, you need to know if that will be a viable option. Of course, you have no way of knowing how the housing market will be in a few years time, but you can generally make a rough estimate. Ensure that you get an independent expert to come and take a look at your new property. They will be able to give you an estimated value for the future, and will know values of other places in the area.
A large yard is a great bonus
Properties with extra space outside will always be a fantastic investment. Don’t worry about the condition the land is in; you can fix up areas in no time at all. In fact, if there is an overgrown yard, you can pay a gardener to make some quick, necessary changes to it and restore it to its former glory. If you do that, you should have no trouble profiting from your house when you sell it.
Number of bedrooms
One other thing that you need to look for is how many bedrooms the property has. Sure, you might only have a small family, but that doesn’t mean that you need a little home. If you have a vacation home with a lot of bedrooms, you can rent it out to large families, or groups, who are looking for a short break. If there is a study, for example, that you will not use, you could convert it into an extra bedroom. The more rooms a property has, the more profit potential it has.
With a lot of looking around, and a little elbow grease, you can have a vacation home that turns a tidy little profit in no time.
photo credits: Lewes (license)