Should You Buy a Holiday Home? 

What You Need to Know about Buying a Holiday Home 

http://realestatevirtualtoursaustralia.com.au/should-you-buy-a-holiday-home/

Over the last month or so, many readers took some time off on holidays.

While having a great time in the sun by the sea, some would have been considering buying a holiday home or apartment.

Many think they can get the dual benefit of a rental income and a free holiday.

I would be cautious about buying a holiday home.

Make sure you are purchasing with your head and not only your heart.

Many investors kid themselves and tell their friends and family that they bought a holiday home for fiscal reasons, when, in reality, the main reason was a lifestyle.

Most people fall in love with the idea of owning a holiday apartment and few pay much attention to the investment fundamentals. 

So, just as before you would jump into any investment, ask yourself two simple questions:  

1. Why am I buying real estate in the first place?

2. What end result does this particular property need to produce for me?

Make sure you are buying with your head and not just your heart.

If you are looking at buying a holiday home, either to let out for part of the year or as a permanent rental, let's take a look at the pros and cons of the investment in vacation properties...

1. Ensure you purchase in a prime location.

2. Understand how holiday rentals work.

3. Choose self-contained.

4. Look for professional management.

5. Do your sums.

https://www.youtube.com/watch?v=NsaJ8eDZTHo


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To read the full article, click the link below. 
https://propertyupdate.com.au/buying-a-holiday-home/