Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.

Posted about 12 years ago

How to buy the right holiday home

Buying a holiday home can be a good decision in many ways. Apart from being just an investment property it can also be the way to earn for a long time. You are not going to use your holiday home always. When you won’t be using that you can rent it to others and can get benefited. You can check the rental potential of the home before buying. For that there are certain things you need to check. We are going to take a look at those points here.


It is very important to decide what kind of tenants you are looking for. Once you find out the target tenant groups you will be able to provide utmost client satisfaction. For rental business it is very important to find out the group of tenants where you will feel better about them and they will feel good about the holiday home they are getting from you. You can target the young people or the families or the old couples. You can also think about other people. However, you need to confident about yourself that you would be able to cater to their needs. Only then you will get the desired success.


The furnishing of your house is very important. Facilities like television, air conditioner, room heating, cupboard, windows, wi-fi are important. Along with that the size of the property also does matter. All these things will ensure you quality clients and more benefits. Security is another thing that you need to take care of so that the people can visit your holiday home without worrying about their safety.


Location is another thing that one needs to check before finalizing the investment property. The location must be a place where people love to visit in their holidays. It could be some serene and peaceful place. Along with that there must be place for parking. If your target audience is the family people then bit of open space or playground can be good too. The kids would be able to enjoy their time then. You need to decide the renting details after that. If you are renting it for weekends or for weeks that is crucial. Once you work on all these points you will start getting the benefits for sure.


Comments