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Pros and Cons of Investing in Holiday Homes |
Written by Melanie C
Tuesday, 29 April 2008
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Buying a holiday home for an investment may not be the best choice. While you can certainly get fantastic rent for at least eight weeks of the year, off-peak times attract a great deal less and you may find it difficult to rent it out at all during winter if it is in a coastal environment. If the investment property is in a snowy region where people go to ski you may find it hard to rent out during summer, when people want to head to the coast. So if you want an income from rent, a holiday home may not be the best choice, but if you are more interested in capital growth - in other words buying to sell in a few years, then a holiday home may be a good investment. Still, you need to make sure the property is within a few hours drive of a major city. When people retire or make sea/tree change, they don't want to be too far from their kids and grandkids, so some isolated spot is not likely o be a good choice. And remember that properties in regional areas do take longer to sell. If your holiday home investment is not close to where you live, then listing it with a national accommodation company and handling the bookings yourself might give you better returns than depending on a local agent to rent it for you. Article Source: http://www.ArticleBlast.com |
About The Author:
Looking into apartments perth? Visit the Saville Australia website (http://www.savilleaustralia.com.au) for more information on property investment Australia.
Looking into apartments perth? Visit the Saville Australia website (http://www.savilleaustralia.com.au) for more information on property investment Australia.
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