|Whether you plan to buy a holiday home for the
pleasure of having a second home or purely as an
investment, your holiday home is a significant
Buying a Holiday Home Tips :
1. Location, Location, Location : Whether for
personal use, rental returns or capital appreciation, no
other single factor has a bigger impact on how satisfied
you will be with the buying of your holiday home. Think
carefully about the location of your holiday home before
2. What Type of Holiday Home ? How much space
do you need in your holiday home ? Are you planning to have family and
friends stay ? What is the rental market like for
holiday homes ( apartments or villas) in the location you have chosen ?
Do you want or need access to a pool ?
3. Use reputable Estate Agents. When selecting
an Estate Agent, get advice
from others who have purchased a holiday home in your
chosen location to make sure that you are
dealing with a reputable company. The right real estate
agent will work with you to understand what you are
looking for when buying a holiday home and will help you
narrow the search to good quality properties that match
4. Visit a lot of potential holiday homes ..
and return more than once:
It is easy to get swept up in the enthusiasm when you
view a property that looks like the "perfect"
holiday home on a first visit. Second visits will help
you more realistically assess whether this holiday home
is really suitable. Visiting several potential holiday
homes will allow you to compare your options and make
sure that the holiday home that you select is the most
suitable and represents good value.
5. Benchmark the price of the holiday home you
plan to buy: Look for similar holiday homes in the same area to make sure that you are
paying a fair price.
6. Get a professional inspection report from
an independent source before you buy your holiday home. Finding any
problems afterwards is expensive !
7. Always get qualified legal and tax help.
It's worth the money in the long run, particularly if
you are buying a holiday home overseas.
Selling a Holiday Home Tips :
1. Use a reputable agent who can market your
holiday home to the right buyers.
2. Be realistic on your price expectations.
Benchmark what buyers are paying for similar holiday
homes in your area, taking care to adjust for any special
3. Prepare your holiday home for sale. Minor
maintenance and repairs, some paint and even some fresh
furnishings can make a big difference to how buyer's
perceptions and interest in your holiday home.
3. Timing is everything. You may not get
much interest in your holiday home during the off-season , so try to sell
when the demand is highest.