Buying a vacation home can be as challenging as purchasing your first house. You thought you’d learned your lessons from that initial experience, but acquiring a vacation home is quite a different process.
Before making yet another big-ticket purchase, remember that this time, it’s about improving the quality of your life further. The purchase shouldn’t be an act of splurging. Instead, it must be a wise financial move that will benefit you in the long run.
That said, here are crucial steps to buying a vacation home wisely.
Find an Investment-worthy Location
Similar to acquiring other property types, buying a vacation home calls for a good location. In this case, a good location would be a tourist hotspot, but also somewhere you can truly feel relaxed and be away from it all.
Outside Metro Manila, Tagaytay City is a prime location considered by many vacation home buyers. Besides having must-visit attractions, the city is known for its cool, refreshing breeze and well-crafted residential developments like Kasa Luntian.
The best part? Tagaytay is only less than two hours away from the metro. Properties in this tourist hotspot are quick to appreciate because they’re accessible from economic hubs and major thoroughfares.
Consider a Modern Home Vacation
In today’s growing property market, vacation homes do not just come in the form of rustic, spacious housing units. Condominiums now also count as vacation homes. A perfect example of such condo developments is Kasa Luntian in Tagaytay.
Located on the quiet side of the city and away from the urban jungle, Kasa Luntian is where you can enjoy Tagaytay’s panoramic views and an almost farm-like experience. The condo development combines lush greenery and a unique mix of amenities, including leisure pools, cascading jacuzzis, open lawns, a coffee orchard, and a herb garden, to name a few.
Rent the Home You’re Considering
Staying for a couple of days or so in the vacation home you’re considering is a surefire way to determine if it fits your leisure needs. Of course, not all vacation homes for sale can be rented. But if you’re thinking of buying a condo unit, you wouldn’t find it hard to execute this third step since many condo developments today have units for lease.
Find Out How Often You Will Visit
Lastly, it’s essential to determine how often and how long you’ll stay in your future vacation home. Doing so will help you see if you can use the property for other purposes. For instance, if you will only use the unit when it’s Christmas season, you can rent it out during summertime or other months.
If you’re the money-savvy type of person, consider getting a vacation home in a renowned tourist destination like Tagaytay. It’s accessible and attracts tourists all over the country (no matter the season is), making it an excellent place to have a vacation home that doubles as a well-timed and lucrative investment.
These are four of the most important steps to take before plunging into another home purchase. Always remember: location matters, so rent first if you can. More importantly, a condo property in developments like Kasa Luntian can be your vacation home and income source, too.
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