Wouldn’t be fantastic if we had our own home away from home somewhere warm and sunny.
Buying a second home in sunnier climes has more than one benefit. Not only do you have your very own place to go whenever you want to take a break, but you can also use it to boost your income by renting out when you’re not using it.
It’s an excellent investment opportunity if you’re careful, but do make sure you do your research first.
Perennially popular with the British, Spain has more than its fair share of holiday homes. It’s not surprising it’s one of the most popular holiday destinations in Europe.
However, it’s not without its pitfalls. Make sure you study all the requirements well, there’s more than one expat who’s bought a property only to find they can’t actually stay there.
You MUST have a habitation license in place, and you should always ask to see it before you consider buying a place in sunny Spain.
They say the rain in Spain falls mainly on the plain. Make sure it stays that way and doesn’t rain on your parade!
The West Indies
West Indies maybe a little more for fun than you might have considered when buying a vacation home.
Thought you might want to give it slightly more so when you see how fabulous the resorts are.
Check out the properties on Nevis if you want to see exactly what you could have! Imagine sunning yourself on those sunny beaches, and taking advantage of the wonderful hospitality.
It’s certainly a cut above your average vacation let; that’s for sure!
If the West Indies doesn’t float your boat, then what about Florida?
The sunshine state is such a famous tourist attraction you are never going to have trouble to find people to rent your accommodation. That’s half the battle, after all, you don’t want it sitting empty all summer in peak season!
If you buy within travelling distance of the Disney resorts, you’re pretty much guaranteed a full house all year. The price of the property may reflect this, but you’re unlikely to have a long low season where rental income drops.
One place that some investors have been taking a chance on is Greece. Now it’s true they’ve had massive financial problems, but canny property buyers have said some cash by buying now at lower prices.
There’s a certain amount of risk involved, but hold tight and you may see their values rise. It is, after all, still a very popular holiday destination Greece is a beautiful country, and very welcoming too. There is so much history and culture; it’s bound to remain a firm favourite in years to come.
Do remember when making any sort of investment to seek advice before you part with your precious cash. If something seems to good to be true, then it usually is.
Don’t be fooled.
Do not rush into anything, and take the time to consider your options.
Always remember to have the property surveyed professionally too, or you could end up severely out of pocket