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Saturday, April 20, 2024

4 Factors to Take into Consideration When Purchasing a Holiday Home

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For the many hardworking individuals who dream of it, one of the greatest gifts they can give themselves is their very own holiday home. Of course, with your own holiday home, you’ll have a dedicated space to enjoy family vacations. The property can serve as a safe haven to retreat to whenever it suits you, eliminating the need to search for vacant rooms in hotels or homestays.  In addition, if you want to convert your vacation home into a retirement home in the future, you’ll have a property ready.

But while it’s certainly appealing to own a holiday home, you’ll still need to assess your options as carefully as possible before purchasing a property. First, holiday homes require a considerable investment even if you look for options outside of “big-city” areas like Metro Manila, where property is typically more expensive. Second, purchasing a holiday home comes with the responsibility of owning a second home. As such, you’ll need to choose a home that is worth your time and resources.

So, before you put up a search for a Lipa City house and lot for sale or a vacation property in other desirable locations, be sure to consider these factors when purchasing your dream holiday home:

The Location of the Property

One of the main factors you need to consider is the location of your holiday property. If you want to go somewhere that you can truly relax, choose a quiet neighborhood that’s away from the hustle and bustle of an urban environment. If you want to engage in outdoor activities, pick a holiday home that has plenty of space for them. It would also help to choose a property that’s surrounded by nature and that can provide you and your family with fresh air and amazing views.

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Although your holiday home should serve as an escape from ordinary life and therefore be a good distance away from it, choose a location you can easily access whenever you want. Make sure you can drive or fly to where your vacation home is at any time. This means picking a location that’s close to major roads and highways or that’s easily travelable by plane. If you don’t see yourself traveling often enough between your primary residence and potential holiday home, you may want to consider other locations.

Easy Access to Recreational Activities and the Essentials

Since the main purpose of having a holiday home is enjoying leisure and relaxation, find a property that offers access to your favorite recreational activities. You should also find a property that’s close to different shops, restaurants, and supermarkets for your convenience.

In that vein, here are some questions that you can ask yourself about your holiday home:

What Are the Available Amenities?

Some people prefer purchasing holiday homes in gated communities with different amenities for residents. You may want to consider something similar and choose a home in a community that has a central leisure hub. These leisure centers typically have well-appointed amenities, including swimming pools, basketball courts, fitness gyms, parks, playgrounds, and retail shops. This way, you and your family can engage in leisure activities anytime.

How Close Is the Home to the Best Leisure Destinations?

It’s also a good idea to find a holiday home that’s close to popular leisure destinations so that you have lots of fun things to do. You may want to look for a location near beaches, golf courses, resorts, or parks. But take note that such a location may also attract tourists during the peak seasons, which can make the area busier and less peaceful to be in. If this doesn’t bother you, you can go ahead and proceed with buying the property.  

How Close is the Home to Essential Facilities?

Aside from closeness to places where you can expect to relax and have fun, check your potential vacation home’s closeness to essential facilities. These include supermarkets, shops, hospitals, and churches. While you won’t be staying in the property every single day, it will give you more peace of mind to have easy access to these facilities while you’re on holiday. In addition, you’ll want to be close to these facilities if you plan to make your vacation property your permanent home when you retire.

The Size of the Holiday Home

Another thing you need to take into account is the size of your holiday home. Just like purchasing a real home, you’ll need to assess how well your holiday home will suit your family’s needs. A two-bedroom villa-type home might be ideal if you’re a family of three. However, if you have a lot of kids (or even grandkids) or plan to invite lots of friends over, it will be better to buy a larger holiday home that can fully accommodate your family and guests.

The Property’s Maintenance Requirements

Apart from the initial investment of acquiring and furnishing your holiday home, you’ll also need to spend on the property’s maintenance. You’ll need to pay for utilities like internet services, electricity, and water to get the full comforts of a home on your holiday property. Over time, you’ll also need to perform regular maintenance, repairs, or upgrades to keep the space comfortable. This includes replacing old appliances, cabinets, and flooring when they age. That said, be sure you’re ready for the responsibilities of maintaining a second home before making a final decision.

Owning a holiday home has various advantages. But again, be sure to evaluate your options before finally saying yes to such a big investment. Otherwise, you might not enjoy your holiday home as much as you thought you would. Do consider the factors mentioned here when purchasing a new holiday home, as these will help you determine whether or not the property you’re considering will serve its purpose of being the perfect escape.

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