People invest in holiday homes for a number of reasons. Some want a stylish villa getaway in the sun for the family while others would like a quaint little cottage surrounded by snow. Having a holiday home is undeniably a luxury only some of us can afford. If you are amongst the lucky ones, you must take a number of factors into consideration when choosing your retreat.
Purpose of the Property – People buy holiday homes for all different things, some use them as an investment and as a way to make money, while others buy them exclusively as a holiday home. If you’ve been looking at branded residences in Phuket, Thailand, you’ve probably been looking at first-class projects that gather a lot of attention. If you aren’t going to be around for most of the year and you’d like to rent the property while you are away, hiring a property manager makes sense. A property manager is important if you are letting out a property which is way above the average place you’ll find on the island.
You’ll want the right type of people in your property while you’re away, so finding a reputable property manager is essential. You should have no issues renting a place that has top-quality amenities and features such as private swimming pools, a jacuzzi and more.
Be Aware of the Law – It doesn’t matter where in the world you plan on buying a new property, you should always consult with a lawyer who knows the local market and can help you navigate your way through all the red tape. Legal complications can pop up at any stage of the buying process, so it is important to have someone on your side who knows how to deal with them. For instance, in Thailand the property market can sometimes be tricky if you are a foreigner buying property, there are certain restrictions that can apply. But, if you have the right legal representation, the buying process should run as smoothly as your own country.
Transport Links – It is all well and good buying a beautiful villa in a remote part of the world, but if it isn’t serviced by regular transport, you’ll get bored with the inconvenience of reaching your destination. For personal use, it is much easier to invest in a property which has a range of available transport links. If you want to leave on a tropical island, make sure you check if it has an airport which offers regular flights. It should also have a good public bus service and rental cars, so you’ve options when you are on holiday. In addition, make sure it is close to shops, restaurants and bars.
Before you buy any property, it is important to do as much research as possible on the area and project you are buying into. If you decide to invest in a new development, look into the developers background and see if they been involved in any other successful projects in the country. Finding a successful developer gives you peace of mind knowing you’ve picked the right property.