Buy a holiday property to live by your rules! Buying a vacation property allows you to diversify your income. You can build wealth, plan your retirement and of course last but not least, go on vacation regularly at no extra cost. Some investors prefer one benefit more than others, but once you know why you want to buy a vacation home, you can focus your demand and adjust your investment to your priorities.
1. Distribute your income properly
When you buy a holiday property and choose to rent it out, you will create a secure flow of rental income. This income can supplement your salary and any other interest income you receive. You can also reinvest it or pay part of the mortgage with it.
Managing and optimizing this type of rental income is not that complicated. But it has its own specifics on how to find the right holiday property for investment. So you get a guaranteed return on your investment. For this purpose, it is very important to work with a proven agent who has local knowledge and understanding of renting the holiday properties in question. Rental Investment will help you invest your money in the right property with a guaranteed return on your funds of at least 8% on an annual basis.
2. Build your wealth
When you invest in a holiday property, you are joining a community of smart investors who understand the value of owning real estate. Your property can be an investment or an inheritance that you leave to your family.
But when you buy a vacation home, you don't have to pay in cash (or pay from your savings). Nearly 75% of people who buy a vacation home will invest through some form of financing. Then, by accepting short-term guests for rent, the mortgage, property taxes, household fees and property maintenance costs are paid by themselves. All of this happens as you build wealth for today and tomorrow.
3. Retirement plan
Retirement can take several years (or decades), but buying a holiday property now opens up interesting opportunities for you. Do you want to retire to the beach, by the ocean, in the mountains or even in your favorite resort oasis? Is your dream to shelter your friends, children and grandchildren in a cozy holiday property for holidays and fun?
As you approach retirement, the amount you owe on your holiday property mortgage will be less or may be paid off in full. In the meantime, with the help of the Rental Investment team, we will make sure your home is well taken care of until it's time to retire there or just sell it at a big profit.
4. Take advantage of easy and affordable vacations
If you want to invest in a holiday property to enjoy a longer stay, join buyers who make a holiday rental investment within two to four hours of driving from their main home. If this is a quick walk for you and it is easy to block the time for fun or relaxation, you may never want to rest anywhere else.
After all, if you want to go to your vacation home to relax, the chances of paying guests will also be desirable - especially if you buy a home that is easy on the eyes and suitable for pets.
If you are ready to look for your dream vacation rental, start with our 12-step guide to buying a vacation home with Rental Investment LTD