Why Vacation Rental Homes are the Best Investment
Aug 22, 2022
Have you ever dreamt of living right beside a beautiful beach getaway or a gorgeous tropical paradise?
As a real estate investor, you’re probably aware of how location is one of the first things you consider when buying a condo to live in. Surprisingly, beachside vacation rentals are all the rage nowadays because of the increased demand for affordable accommodations at tropical holiday destinations.
So why not get the best of the best by considering a condo investment and making it your vacation rental home?
There are so many great reasons why you should consider a condo investment. It doesn’t matter if you’re a newbie real estate investor or a seasoned property buyer; you can still get excited by the prospect of owning a home vacation rental, especially if it’s located on a stunning beach paradise.
7 Reasons to Invest in Vacation Rental Homes
If you’re looking for the best reasons to invest in a vacation home today, then you’ve come to the right place. Take a look at this list for the seven best reasons why you should invest in a gorgeous holiday condo unit right now.
1. Higher ROI is Assured with a Vacation Rental Unit
When you’re trying to find a property to rent or purchase, you should always go for one that offers a great return on investment (ROI).
By investing early in a condo unit at a tropical or travel destination, you’ll have the chance to reap the benefits of its increasing market value. Most real estate market values rise as time goes on; since vacation homes are scarcer than regular living spaces, their price appreciates more prominently as demand for them grows too.
You can take advantage of your property’s increasing market value by renting it out or selling it when it’s at its peak price. Since your condominium unit will be in an attractive location, you’re bound to find interested buyers or renters for it as well. This ensures a higher ROI for you, as the intrepid investor who invested early in a vacation home.
2. Availability of Prime Living Space for Investor’s Personal Use Anytime He Prefers
Not only are you ensuring yourself the benefits of a higher ROI, but you’re also investing in a living space for your personal use too.
Whether you’re buying or renting a property, you’re securing a new living space for yourself - at an in-demand holiday location, no less. By investing in a condo unit or house at an in-demand location, you’re avoiding the stress of tourist competition, especially during the busier and more crowded holiday seasons.
You won’t have to worry about securing a beachfront house for the summer, or a fully-furnished house at lesser-known travel destinations. As a property owner, you’re all set for your relaxing getaway at an in-demand holiday location.
But if you really want to maximize your investment, then keep your unit open for rentals or overnight stays and imagine the demand for safe and affordable lodging. This is especially true during peak seasons like summer and maybe even Christmas. ‘Tis the season and weather to be out and about or relaxing so many tourists or families would want to book an affordable stay in those prime holiday locations.
Photo courtesy of Primaryhomes (Artist's Perspective)
3. Vacation Rental Condo Units are Highly Income-generating property purchase, and Easy to Market as Well
Are you a young investor who’s looking for an investment that’ll also garner income? Here’s some good news for you: you can find financial success in condo investing in your 30s when you purchase a property at a vacation destination.
How exactly are you going to do that? You can do that by renting out your holiday house whenever it isn’t in use.
You can easily avail of leasing opportunities by promoting your living space on platforms like Airbnb and Facebook, to earn income while you’re not using your space. You can also create your own website to promote your home vacation rental as well.
Turning your holiday house into an income-generating living space is a great way to garner passive income for real estate investors of any age.
4. Vacation Rental Condo Units are Crisis-Proof
Another reason why you should explore owning a home vacation rental is that it’s a pretty crisis-proof investment.
Unlike stocks or any physical investments, the value of a condo unit does not dive or depreciate over time. Your unit will remain at a stable level as homes or accommodations, no doubt is a basic necessity and you can always need it even during market crisis, even more so after a crisis.
Also, you never know when an extra property comes in handy as additional space, accommodation, and especially an extra or backup source of income for the family.
Photo courtesy of Primaryhomes (Artist's Perspective)
5. Complete Amenities are Readily Available for Owners and Tenants to Enjoy
Other than nearby leisure places, condominium communities have a variety of amenities inhouse like a pool, gym, and playground all safe and fit for everyone, especially kids, to use.
Say people on vacation just wanted to take the day off, the renters can stay in the condo and still enjoy their holiday with all these amenities. This is also a good selling point that either outside or at the accommodation, there’s always something to do and places to relax on vacation.
A vacation home with existing amenities can also be an attractive selling point for potential renters in the market. This means that you can utilize your furnished unit as an income-generating property by just promoting the amenities you already have on hand.
6. Flexible financing options are available for Easier and Hassle-free Acquisition
As long as you’re sourcing your vacation rental homes from a reliable real estate partner, it’ll be way easier for you to finance your condo investment.
There’s no need to break the bank to fully invest or purchase a condo. With a reliable developer like PrimaryHomes, Inc. you don’t need to pay in full cash. Instead, you can explore approachable and flexible financing options with the help of Banks, PAG-IBIG, and payment arrangements offered by PrimaryHomes and other external financing institutions.
7. It’s A Ready-to-go Retirement Option and a Steady Passive Income Source for the Investor
Investments like vacation rentals are long-term commitments that garner great gains throughout your lifetime. So when you’re ready to retire from the hustle and bustle of city life, you can rest easy knowing that a retirement condo unit will be waiting for you at a gorgeous holiday destination.
By choosing an all-season holiday home, with amenities available and essential services nearby, you can settle into the retired life with leisure and ease. If you’re not planning to move into your holiday property permanently, you can even lease it out to potential guests and have a decent income stream in the midst of your retirement.
You can benefit from all these great reasons to pursue a vacation rental home when you check out the Royal Oceancrest Panglao by PrimaryHomes today.
The Royal Oceancrest Panglao is the perfect place to purchase your holiday condo from because of its strategic location on Panglao Island in Bohol. This gorgeous condo getaway is located near the economic and tourism centers of Panglao, while also being situated near the island’s beaches, tranquil sea views, and romantic sunset views too.
Don’t miss out on this chance to purchase your tropical condominium unit today! Visit www.primaryhomes.com to know more about your future investment!