Owning a second home is a good choice. Here is a list of some important factors one should examine while investing in a second home.
In generally one buy a
second home for the reasons
• To use the property for one’s own
• Earn stable income from the property by
renting it out
• As a vacation home
• As a long-term investment
Before making a choice,
find out what is the purpose of investing and plan accordingly. Choose a
property which suits your purpose of investing. It is recommended to invest in
a second home for self-use only if he can commit himself to spend a good deal of
time at that home.
ROI aspects
When it comes to the
ROI aspects of a second home, it depends on many factors such as
• Location of the property
• Rental demand in the locality
• Social infrastructure in the area
• Availability of public transport
• Social connectivity
• Age of the property
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