Monday, December 2, 2013
Owning a vacation home near your favorite beach or mountain is a covetable luxury.As with any real estate purchase, location is crucial. Here are some pointers on how to choose your vacation home’s location.
Pick a place where you can see yourself coming back to time and time again, every weekend even. To better assess the location, visit the area during peak and off-peak seasons. There might be traffic jams or crowded amenities during peak seasons such as holidays. Consider whether you want to deal with this every holiday, on a regular basis.
Visit the potential vacation home area during the country’s wet and dry seasons. Seeing the property under the worst weather conditions will be a valuable eye-opener. If the property is near a beach, check what the tides bring in during these weather conditions. Aside from seaweeds and seashells, the waves may also usher in trash and waste. Now, that’s something you would not want to commit to. If the property is on a mountain, check the roads on the way there. Are they wide enough with safety rails? Do they get dangerously slippery under heavy rains?
Check the neighborhood. Are there enough local attractions and restaurants that interest you? Consider your own interests and hobbies. If you’re a nature lover, you might enjoy a good trek around a mountain. Check if there are trekking amenities or recreational parks available all-year round and whether they are maintained properly. For the beach lover, check whether the beach has a lifeguard and is properly cleaned every day.
No matter how perfect the setting and amenities are, be sure to choose a place not far from your official residence. If the location is only a few hours’ drive away from your home, you will find it more convenient to visit. You will likely visit it more often too, giving you more mileage on your hefty purchase.
If you’re looking into buying a vacation home not just for your own pleasure, but also as an investment to rent out to vacation-goers, location is still crucial. However, remember that vacation home renters will often only be committing to a weekend stay and would probably be willing to pay more for the perfect location. For a beach home, you want the location to be as near to the beach as possible. Renters would not want to drive all the way to a rented home and then still drive themselves to the beach soon after. Prime locations are expensive but will gain higher rental returns. - Aislinn Kee