Beginners’ Guide to Vacation Homes : The No-frills Lowdown

Vacation Home is exactly what it says – a home away from home. A place that can be figuratively or literally far away from your daily life – your own oasis where life comes alive with your loved ones and memories are made. The perfect place and time to bond, share, pamper and above all rediscover the magic of being with the ones you love. 

Why should you undertake the emotional, financial, mental effort to invest in a family vacation home? We can look at them from the perspective of Tangible and Intangible benefits.

The tangible and obvious benefits:

• An asset that would appreciate and soar in value
• Owning something that is a potential family heirloom
• Income flow through vacation rental
• Potential Principal Residence of Future maybe even Retirement Home

The intangibles:

• Pride of ownership
• Availability and accessibility always without any regard to pre-planning it
• Comfort of knowing what to expect when your are going on a vacation

The prerequisites for owning a vacation home can easily be summed up through these 3 measures:

1. Desire bordering on Intent
2. Investible Surplus
3. Deep bond with your chosen destination 

  A.     Desire bordering on intent is the first step in the direction of owning a vacation home. And its not a planned process or part of a check-list; in the throes of a life that takes a toll on your being is when the realisation happens that you need a place to wall up and heal rejuvenate reinvigorate yourself. And it is that instance where you must act -otherwise, we end up allowing it blow over and then after several further blows is when we wake up to the regret of not having acted earlier.

B.     Desire or Intent without investible surplus can become a bottleneck only if you are not familiar with what money can buy for you. The options via which vacation home ownership can be made possible are unlimited. Depending on what your pocket would allow – partial ownership can be an excellent choice with a multitude of options being made available these days that allow you the joy of ownership without burning a hole in your pocket. Often, if you choose wisely, ownership becomes a wise investment creating a revenue stream that is superior to any offered by other residential options available freely. Your property would end up paying for itself while allowing you the flexibility to use it whenever you need it. All you need to know is how much can you spare in total for owning that perfect vacation home for your family.

C.     Every individual is different with respect to her choice of a getaway place – for some the magic unfolds with breath-taking views of majestic mountains, lush green valleys, sparkling water of a stream, sun and sand, coffee tea or spice plantations, or just a jungle cabin does the trick for some. Whatever be your choice of indulgence, you must be in love with everything about the place – the people – the culture – the pace of life and above all FEEL AT HOME.