Holiday Home Times

Buyers Guide

How time consuming will running your Holiday Rental business be?

Yes, indeed the success of your holiday home rental business will depend on how much time you will be able to put in in running it. So before you even start working on the marketing plan for your holiday home rental business, you must determine how involved you would like to be in the rental process. Renting your vacation home though not a full time job, does requires some level Read the rest “How time consuming will running your Holiday Rental business be?”

The Big Decisions: Setting Goals for your Holiday Home Business

Now that you have decided to convert your fully-furnished vacation home into a holiday home rental for guests, you will need to identify your goals and objectives of your holiday home rental business. Many owners do not take their holiday home as a business and in the long run find that their running costs far surpass their rental income.

Owners therefore need to understand that once they decide to set Read the rest “The Big Decisions: Setting Goals for your Holiday Home Business”

10 top tips to run a successful holiday home rental business

Without doubt self-catering is now the fastest-growing sector of the travel and tourism industry and today it has emerged as a fascinating area where any homeowner can let his vacation property earn for him. Having said that, once you are in the holiday home rental business, you will soon realize that it is easier to refurbish the house than to run your rental business. The holiday home rental business requires Read the rest “10 top tips to run a successful holiday home rental business”

Designing a Second Home Community – Part 1

During the course of my work, I must have visited over a 1000 holiday villas or communities across the world. While I’ve undoubtedly been impressed with quite a few, I’ve been underwhelmed in quite a few cases. I’ve always felt why the holiday communities did not seem well ‘hospitable’ and put it down to probably the developers coming in more from the real estate side of things and not as Read the rest “Designing a Second Home Community – Part 1”

Tips for NRIs in Getting a Safe Deal while Buying Property in India

 

NRI property guideNRIs may often find it quite daunting to decide on a property and get a safe deal on it. With some many locations to choose from, the traditional manner to request friends, relatives and acquaintances to search for the right one is no longer effective. The saving grace thought today is that many reputed real estate developers have started offering complete services in this regard for NRIs in order Read the rest “Tips for NRIs in Getting a Safe Deal while Buying Property in India”

NRIS – Get the right real estate agent

For Non Resident Indians (NRIs) and Person of Indian Origin (PIO) buying a property in India sometimes seems to be a far-fetched dream. You must be putting off this decision thinking there is too much red-tape, may be cheated, or likely to get into unnecessary hassles! Right? I think it’s time you keep your apprehensions and fears aside because in this article we will tell you the possible pitfalls of Read the rest “NRIS – Get the right real estate agent”

Financing Options and Tax Implications for NRIs Buying Property in India

Financing Options and Tax Implications for NRIs Buying Property in India

Real estate lawsThe procedure for NRIs and Person of Indian Origin (PIO) has been greatly simplified for encouraging them to invest in real estate. The Reserve Bank of India (RBI) and FEMA regulations have categorically specified the kinds of investment that is permitted for NRIs in the real estate segment.

First of all you do not need RBI permission to buy residential or commercial property. You have the permission to carry out Read the rest “Financing Options and Tax Implications for NRIs Buying Property in India”

Why India will always be a great place for NRIs to retire

NRI property guideProbably 9 of 10 NRIs who are contemplating on buying a property in India will be asking the same question: “Is it a good decision and time to buy a property now?” Contrary to this dilemma, actually there can never be a good time to invest in an Indian property as now! With so many pluses, in this article, we will outline all the reasons why you should seriously Read the rest “Why India will always be a great place for NRIs to retire”

Top Retirement Destinations in India

Top Retirement Destinations in India

Ideally three factors affect a person’s decision to choose a place to retire – its weather, availability of healthcare services and proximity to basic amenities. Affordability is another major factor. And for those who are retiring young, they chose a place where they can engage themselves in something that is not as hectic as a job in a metro, but at least gives them some running cash and more importantly Read the rest “Top Retirement Destinations in India”

Know the Satbara Extract (7/12) Before you Buy Land in Maharashtra

Know the Satbara Extract (7/12) Before you Buy Land in Maharashtra

In India there are many different terms in the land acquiring process which are used in certain regions or states and are completely alien in other parts. So for a person who wants to buy a plot in a state or region which he is not familiar with, it’s very important to know the local terms used to do away with all confusion.

One such land record term used in Read the rest “Know the Satbara Extract (7/12) Before you Buy Land in Maharashtra”

Bungalows Plots in UshaWoods in Karjat – Should you Invest here?

Bungalows Plots in UshaWoods in Karjat – Should you Invest here?

 

UshaWoodsWhen I spoke to the developer today I was a little surprised. Karjat, the picturesque town in Maharashtra’s Konkan coast, is situated in the foothills of Matheran and is a well-known hill station in Maharashtra. The easy accessibility to Karjat from Mumbai has made it a prime weekend getaway.

However it’s been almost a year since I first reviewed this development and the prices of the plots have not Read the rest “Bungalows Plots in UshaWoods in Karjat – Should you Invest here?”

Should you Buy in Today’s Tourist Destination or an Upcoming Hotspot

Holiday home onsite ownerBuying in a sought-after tourist destination means more travelers and longer stays. It also means you are in a place where others want to be, which justifies the premium price you may be paying and thus is considered a protection to your investment.

However buying in a today’s tourist destination would also mean that it will be relatively crowded and in another few years the infrastructure may show signs of Read the rest “Should you Buy in Today’s Tourist Destination or an Upcoming Hotspot”

How Many Bedrooms are Ideal for Letting out to Guests?

Now that you have decided to buy a property to start your holiday home rental business, the first question that comes to mind is how many bedrooms are ideal for letting out to travelers?

There are several factors based on which you should take this decision. But first of all, when you buy a property, even if it is to be used as a holiday home, there will be times Read the rest “How Many Bedrooms are Ideal for Letting out to Guests?”

Pros and Cons of Taking a Multi-Currency Mortgage to Buy your Holiday Home Overseas

When looking to buy a property overseas one of the most challenging things to consider is how best to fund your investment so that you can get the most out of your money. One option that is often overlooked is foreign currency and multi-currency mortgages because they can seem a bit complicated, but these are actually a great vehicle for funding an investment overseas such as a holiday home.

What Read the rest “Pros and Cons of Taking a Multi-Currency Mortgage to Buy your Holiday Home Overseas”

Liability issues of buying an existing holiday home with bookings

For many buying an already operational holiday home seems a good option to kick start his holiday home rental business. But having said that, one must however be aware of certain liabilities he might be taking on himself if he plans to buy an already operational holiday home.

In this article we will take a look at some of the liability issues of buying an existing holiday home with bookings Read the rest “Liability issues of buying an existing holiday home with bookings”

Should You Buy an Unfurnished or a Furnished Property

Should You Buy an Unfurnished or a Furnished Property

Buying a furnished or an unfurnished property depends on whether you find it an inconvenience to buy all the furniture, fittings, equipment and everything else or you take it as a rare bonus to put your own furnishings and add your own personal touch.

Yes, it always a dilemma when buying a second on choosing between a furnished and an unfurnished property offered by a developer or an individual seller. Read the rest “Should You Buy an Unfurnished or a Furnished Property”

Getting a Mortgage in Australia as Foreigner or New Resident

Obtaining finance in a new country can be challenging, and Australia has particularly conservative credit rules, which can make it even more difficult.  Whilst it is not impossible, it is worthwhile understanding and being prepared for some of the things you will need to help you get a mortgage for your property in Australia.

Get Advice and Assistance

Each bank in Australia has their own risk and credit policies regarding Read the rest “Getting a Mortgage in Australia as Foreigner or New Resident”

Know your Developer Before you Buy your Property

You look up in Google and you will be surprised by the number of complaints voiced by buyers of properties against the developer who has either not given timely possession or else cheated them of their hard earned money. Ideally these complaints are result of innocent buyers falling prey to unscrupulous developers’ flashy brochures and other advertising tactics. Sometimes unbelievable payment terms do the trick. Having said that with a Read the rest “Know your Developer Before you Buy your Property”

Marbella – Ultra Luxurious Villas by Legend Siroya in Lonavala

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Legend Siroya Realtors has recently launched a luxury township project Marbella in Lonavala which has been modeled on the lines of Spanish architecture and culture and is inspired by the town of the same name in southern Spain.

With hills and valleys on two sides, the location of the Marbella development boasts a river flowing through its side. A check dam is scheduled to be built by the developers Read the rest “Marbella – Ultra Luxurious Villas by Legend Siroya in Lonavala”

Top Tips on Buying a Resale Property

In our earlier article we had already outlined the pros and cons of going for an under construction or ready-to-move-in/ resale property. We understand that it is indeed a difficult decision take on whether to choose a new property or an equally tempting option available on the resale market. So in this article we will give you some top tips if you have decided to buy a resale property – Read the rest “Top Tips on Buying a Resale Property”