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Why Should You Invest in a Holiday Home?

kira86 于2012-08-21发布 l 已有人浏览
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Holiday homes are not only for the rich and aristocratic.They provide an affordable getaway from the

Holiday homes are not only for the rich and aristocratic.

They provide an affordable getaway from the bedlam of the city and offer peace and quiet along with the familiarity of space, to middle-class families too. With property rates flying sky high, the decision of investing in a holiday home can seem confusing. Let this guide ease some confusion.

1. Escape the City



Thanks to the state-controlled Public Works Departments, the plight of Indian cities is indescribable. Poor planning, unsanitary conditions and kilometres of bleak concrete buildings enforce a sense of rigidity. Moreover, with India’s population explosion, every city is threatening to burst at the seams. So with the space crunch, and lack of aesthetic pleasure, the city becomes the concrete demon that everyone wants to get away from. Imagine the prospect of a small holiday home, away from the noise of the city, offering you the peace and quiet that you so need. With only a short distance to cover, a holiday home provides refuge from the humdrum of city life.

2. Corporate Sector Expansion
The past economic growth has only inspired instances of more people migrating from small towns to metropolitan cities in search of better jobs. The sudden spurt in the corporate sector will further the boom in population influxes. This means that there will be greater instances of unplanned environment and bad sanitation. To cater to the sudden influx, the already shrinking space in the city will grow to become non-existent.

3. Establishment Costs



With the lack of space in the big cities, considering a second lodging within its crowded confines is, truly out of the question. Additionally, owing to the increase in real estate prices, buying a one BHK apartment in any major city might burn a hole as big as INR 40 lakh in an average worker’s pocket. An average Indian family has more mouths to feed, which makes the average Indian breadwinner run from pillar to post to make ends meet. In this regard, trying to own property in any major city is next to impossible.

4. Privacy Issues
Property developers in most major cities are taking pride in constructing sky high buildings to grace the skylines, but are offering measly spaces for accommodation. Spaces between two homes are eaten up so much, that the concept of privacy is now being questioned. These factors have facilitated the growth of ‘holiday homes.’

5. Reduced Prices for Holiday Homes



Owing to their 2nd or 3rd tier town locations, buying properties for these ‘holiday homes’ is now rendered affordable. Properties situated on the outskirts of towns do not have such astronomical price tags and thus, facilitate investment in larger properties. With more space, one can opt for greater aesthetic additions. Most holiday homes come with extensive gardens, pools and outhouses. Such additions can only be dreamt of, in big cities.

6. Additional Income
A holiday home can also be converted into a time-shared property. So when the property owners are not using it, then can rent it out to tenants and earn money from it.

The above mentioned reasons provide the logic behind investing in a holiday home away from home. However, make sure you consult a professional to turn the deal into a profitable investment.

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