How Weekend Homes Have Become the Preferred Choice of Real Estate Investment
Real Estate has been a trusted source of investment for a long time now, reasons being the returns out of it and the financial security that it offers. The pandemic has made investments in real estate pouring as there were a lot of insecurities that crowded people. The ongoing COvid-19 pandemic has let people rethink about their life choices at large, and this is how the demand for second homes has seen a rise. Second homes are homes that are bought by individuals away from the original place of residence in some distant location.
It is mostly used as holiday homes for people for weekend getaways and also as a means to earn income by renting the property out. With work from home being so dominant in majority of the sectors, people have started looking for places away from the clamour of city life, in the form of second homes. Weekend homes have emerged as the next big thing while opting for real estate investments.
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Pretty return on investments and appreciation value of the property over time
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Feasible distance from the city home
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Availability of all basic amenities
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Maintenance being taken care of
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Engulfed in a natural landscape, to provide the perfect holiday vibes
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Classic infrastructure with good internet connection
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Super budget friendly
These reasons and a lot more have affected the buying decision of investors. People are looking for a haven, with all amenities, and near the city where they can go for weekends with their families and friends to relax and rejuvenate. From the hustle-bustle of the daily lives, people look for an escape from the regular in the form of these second homes. The pandemic has definitely redefined enjoyment and rejuvenation for everyone, and the series of lockdown also made most of the people wanting to shift to an isolated place to avoid the risk of infection. Hence, the need for second homes to be located in a picturesque and peaceful location is a priority.
Farm houses and resort homes have become major players in the second homes category. However, more than farmhouses, resort homes are preferred by people. Reasons being, with resort homes one does not need to actively look for people to rent it out to. Resort stays have been a prime choice for people who are vacationing and hence investments in resort homes are very fruitful. With this, there also zero need to look after maintenance, as the entire burden of maintaining the property falls on the resort authorities. Therefore, in today’s time, there is no better alternative to investments in second homes than resort homes. Resort homes offer the perfect vibe of holiday and home combined, truly providing a feeling of home away from home.
