Investing in a dedicated holiday home is becoming a more and more common practice among many. Even if you are on a more limited budget, this doesn’t have to be a factor that will affect the fabulousness of your home. Moreover, sometimes, if you surround yourself with people who are in the know, you can often get a very good deal for a fraction of the price you’d expect to pay if you’re not very familiar with the market. And if you keep putting enough work into that home and have a long-term plan for it too, it can become a very smart investment. Of course, not everyone buys their holiday home with the intention of selling it later – but it’s still not a bad idea to keep an eye on its property value.

Don’t limit yourself to places you know

Just because you’ve been to a place multiple times and know that you enjoy it, doesn’t mean that you should necessarily set up your holiday home there. In fact, now is a good time to think outside the box and look into other options. There are so many places you could explore without breaking the bank today that it really doesn’t make sense to limit yourself to your comfort zone. Be bold, pick something you’ve always wanted to check out – it might require a few trips to ensure that you’re making the right choice, but it will be worth it in the long run.

Does the beach appeal or would you rather buy a property somewhere remote, such as close to a gorgeous lake where you can fish? Draw up a short-list and see what’s available in your budget range and in your target area.

We wouldn’t advise on going on a whim, it is always essential to go there at least two or three times before deciding, as new visits always bring new information.

Have a plan

When setting up you holiday home, it is important to know how you’ll be using the place in the long run. Are you going to be its only occupants? Some people buy holiday homes with the intention of renting them out when they’re not being used. It makes sense to hang on to your holiday home if you have a large family and lots of friends, but if you don’t plan on spending a huge amount of time there, consider renting it out for some of the year, such as on Airbnb.

Renting out a holiday home when it’s not in use could generate a tidy income that helps to pay for your vacations and other treats. Don’t forget, however, that allowing people into your holiday home means you will have to remove personal items when you are not around.

If the thought of strangers staying in your holiday home doesn’t appeal, consider letting it out to friends and family only. You can’t charge as much rent, or possibly nothing at all, but at least the property won’t be empty for long.

When you are thinking about who will live there besides you, it is very important to think of the way you will decorate. When preparing to set up your holiday home, consider adding a touch of winter charm with some creative winter window box ideas.

Also, if you want to rent it out, you shouldn’t probably leave any precious antiques that may be damaged by strangers.

Don’t neglect the place during periods of downtime!

A lot can happen with your holiday home when you’re not using it. Sometimes, neglecting it for a longer period can result in significant problems that impact its value in the long run. This is something you ideally want to avoid. It’s natural to anticipate some expenses on the place as time goes by, but you should not let them pile up to the point where it costs you a fortune to bring everything back to a good state. This is a common problem among people who invest in properties like this, as they sometimes tend to forget about their special getaway spots for a few years, only to come back to find them in a decrepit state.

Some areas of a home require more maintenance than others. For example, the roof is critical, as this keeps the water out. At least once a year, do a thorough check on the roof to make sure there are no loose shingles or areas where water or pests might find a way in. If you do spot any issues, look at cost-effective roofing replacements.

Ask your neighbors if they can recommend a local roofing repair contractor. If your holiday home is in San Diego, for example, then this roofing replacement company could be just the ticket. Semper Solaris is veteran-owned and committed to providing the best solutions to homeowners.

Other problems to watch out for in a holiday home are weather damage after a bad storm and unsecured windows and doors. Because you’re probably not going to be there all the time, it’s wise to ask a trusted neighbor or property manager to keep a close eye on the place. That way, if there are maintenance issues, you can tackle them in a timely manner.

Do everything right though, and this can be a very smart investment that can serve as the perfect backup for when you’re not sure where you want to go, or simply don’t want to bother setting up a more complicated holiday.

With a holiday home at the beach or in a scenic forest, then you have the perfect destination for a last-minute trip away. Doesn’t that sound wonderful?

Fraquoh and Franchomme

Don’t limit yourself to places you know

Have a plan

Don’t neglect the place during periods of downtime!

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