A new report by C9 Hotelworks – one of the leading hospitality analysts in South East Asia sheds some light on the rapidly expanding market for Hotel Residences in South East Asia. Hotel Residences have been a popular option for both expatriates who have no plans to live long term. In these homes as well as pure-play investors with a focus on income from such properties. With South East Asia … Read the rest “South East Asia Holiday Residences Market Grows Rapidly – $16bn in Value now”
After you have zeroed down on the location to buy your holiday home. It’s now time to decide the size of the property. The one that fits your budget and needs.
Moreover, you would need to consider your long term usage of your holiday home. Today, your intention to buy your holiday home maybe just for yourself, but after a while, you may consider renting it out to families and … Read the rest “Size matters – get the size of your holiday home right!”
Choosing the right location is very important for any property acquisition. When it comes to purchasing a holiday home where you intend spending vacations with your family, or maybe in the future when you can earn income by renting it out, the location becomes even more important.
Here are a few points that should be considered before deciding on the location of your second home:
1) Buying for yourself:
Continuing with our series where we are reaching out to those who are in the process of building their Holiday Home. I felt another article was needed on the things to keep in mind when designing the floor plan or layout of the home.
Firstly, I assume that the reason you are reading this blog is that you are not just interested in a holiday home which is a white … Read the rest “Tips while designing the floor plan for your holiday home”
At some point during our life, we all toy with the idea of buying some land and building our own small farm house. As urban educated Indians in well paid jobs, we tend to feel that after we’ve paid up our mortgages that this would be a nice way to invest some money and also build something that we could use in our retirement. Ever since I’ve started TripVillas.com a … Read the rest “So you want to buy some land and build your own farm house?”
Invariably, whenever I go to a mall, there will be a guy waiting near the billing counter to handover a free holiday anywhere in the country. You just need to fill a small form – that’s it!
The very next day you get a call saying that you have won a free gift voucher for 2nights/3days holiday and you need to come to a pre-assigned venue with three hours of … Read the rest “Club Mahindra holidays – are they worth giving a try?”
If you are buying a villa within a gated community – whether directly from the builder or from an existing owner – it is easier to know the legal status of the property. Ideally most builders have the documents required in buying and selling up-to-date and thus save a lot of time for the buyer. Before you decide to buy a stand alone property make sure that it’s a … Read the rest “Legal aspects to consider while buying a stand alone villa”
A question we keep getting asked by prospective second home buyers is whether we would recommend buying land or buying a home in a gated community. I’ve personally thought extensively about this question and while I would like to give a single answer, my recommendation would depend on the personal circumstances and desires. First, let me summarize what I feel are the advantages and disadvantages of each type of investment:-… Read the rest “Buying land versus buying in a gated community”
This article was carried by the Times of India on December 4, 2010 under the title ‘Make the Most of your Second Home.’
When the time comes to look for a second home, we all have different ideas about what constitutes a second home. Most people will tend to agree that a second home should be one that is conducive to extended stays and one that probably could … Read the rest “Places to look for your second home”
In many instances we have found upper middle class families confused about the differences between owning a vacation home or second home and investing in a product like a timeshare or fractional ownership. We get this query often and so it makes sense to define these differences.
Owning a holiday home: You own the property as per prevailing property laws in the country and state that the property is in. … Read the rest “Holiday homes Vs. Timeshares Vs. Fractional Ownership”
Experts opine that when real estate prices are down, it is a good time to pick up a second property to use someday for vacation or retirement. And if you have decided to buy land then it is any day an asset for you.
Having said that owning, a land is a difficult task in itself. Indeed it is a feel good factor, dreaming of buying a plot of land … Read the rest “Tips on buying land to build your holiday home”
Whether you are buying property to be used as a holiday home or a regular investment with full-time tenants, the real estate market is now offering great value to one’s investment.
Without doubt we all want to have а holiday home whеrе one саn gо оn a holiday аnd feel аt home wіthоut thе impersonal atmosphere оr cost оf а hotel. And hаvіng а holiday home іѕ convenient whеn уоu … Read the rest “Five best holiday home buying tips”
Buying your second home was perhaps the easiest part compared to what it is afterwards. With every property comes a list of expenses which cannot be avoided and your second home will be no exception.
A typical house will have the following expenses:
(i) Monthly mortgage payments
(ii) Insurance premium
(iii) Maintenance cost
(iv) Renovation or decorating costs.
These expenses come as an extra burden on the homeowner. Considering the … Read the rest “Let your holiday rental income pay your 2nd home mortgage”
Though considered time consuming, renovating an old house gives the buyer scope to experiment and redesign according to his needs and style. Having said that, if constructing a house from scratch on your own could a pain, buying an old house and renovating it could be equally excruciating. However many home-seekers are now choosing to buy an old house and renovate it themselves.
Experts advice that if one is looking … Read the rest “Tips to buying an old home and renovating it”
Now that you have decided to buy your second home, it’s time to do some forward planning. There are a couple of questions that need to be answered without much ado. Some such important questions are: Since it’s your second home and you are not going to stay for than a couple of weeks a year, what do you intent to do when you are not staying? Will you keep … Read the rest “Long-term lease versus holiday home rental – decide before you buy”
Before you decide to buy a property, it makes sense to decide what is best for you or in short you need to be clear for what purpose you are buying the property. Since you already have a house you will not be spending only a few days a year in this home. So what to you intend to do when the house is not occupied? If you are planning … Read the rest “What type of property should I buy for holiday home rental?”
Holiday Home Times is the leading resource for those looking to invest in a Vacation home, Second home, Retirement home or even a farm or Plantation. The reasons for doing so can vary – including wanting a beautiful place to visit regularly to recharge your batteries or else to have a place to visit in the winters or even simpler – to own an asset that generates a steady stream … Read the rest “Making the Most of Holiday Home Times”
One of the luxuries of living in Asia is the fact that you can easily afford to hire a domestic help to take care of household chores including cooking, cleaning the house, washing and ironing the clothes, paying your utility bills and looking after your children or your pets. And because you don’t need to spend a fortune to employ them, based on your requirements you can hire different domestic … Read the rest “Top Tips and Pointers to Employ a Domestic Help in Asia”
You thought you would have some millions invested to fund your retirement, but now when you are toying with the idea of retiring, you are nowhere near that figure! Well, this is the story of many. You may be making a lot of money but with both low investment returns and the progressive tax system you will never be able to reach your target. Everywhere, interest rates on CDs, bonds, … Read the rest “Still not Sure if you Can Afford to Retire today – The Way Forward”