• Sophie Atieno

5 Things People Overlook When Buying a Holiday Home

Owning a holiday home is certainly a great idea. Afterall, it means getting a second home at a place you love to escape to and unwind. However, the steps involved in obtaining one can be quite lengthy. As such, several people will overlook certain basic factors that are important for your well-being as a holiday home owner or for the well-being of your holiday home.

Here are some things people overlook when buying a holiday home that are quite important:

1. Security

In most cases, people spend very little time in their holiday homes. Perhaps just a couple of weeks there at most. Afterall, you spend more time in your primary home for reasons such as work or your dependants schooling, just to mention a few. One of the things most people overlook when buying a holiday home is the security. It’s easy to forget this especially if you think that the area your holiday home is located in is generally safe.

However, since you will not be spending most of your time there, it’s worth investing in tighter security. Hire a security guard for your holiday home or invest in quality surveillance so that you’re able to monitor your home from where you are. Alternatively, you could buy your holiday home in a well-managed holiday park to be on the safe side as they provide surveillance in the whole area.

2. Maintenance

As has been mentioned, you will probably spend only a fraction of your time in a year at your holiday home. A lot of people overlook the fact that since it will remain unoccupied for the most part it is susceptible to wear. Certain elements or parts of your home could be affected by dust, humid conditions, the cold and other external factors when not properly monitored.

As such, it is worth hiring someone or people to manage or maintain your holiday home in good condition. Otherwise, you risk incurring losses as you will have to spend money on repairs every time you go there.

3. Profitability

One of the most important things people overlook when buying a holiday home is the profitability of the home. How? Well, you will be spending just a fraction of your time there but that does not mean it has to remain unoccupied. You could earn money from your holiday home while you are away by letting people rent it. This means you have to be more careful when picking its location.

Look out for beautiful views, proximity to different amenities and other factors you feel people would want while on holiday so that you have an edge over your competition.

4. Repairs

If you are buying a holiday home that previously belonged to someone else, it’s easy to overlook the repairs bit. You could easily assume everything in the house is in good condition, although this might not be the case. Keep in mind that you may need to tweak and fix a few or several things inside your newly purchased holiday home.

Set aside a budget for this so that you are not caught off-guard once the keys are handed over to you. Remember, in some cases, these repairs could be quite costly.

5. Any extras

In some cases, when you purchase a holiday home, you might be required to pay extra fees, something many overlook. For example, if you bought your holiday home in a holiday park, you may have to pay an amount of money for maintenance and security. Always check to see whether you will have to pay an additional amount and establish how often it will be required and whether you can manage to pay the amount whenever it is required.

These are 5 of the most overlooked things when buying a holiday home. They might seem simple and very minor but failure to consider them could be detrimental.

You can start your journey to owning a holiday home for a fraction of the price by following this link.

Got travel queries? Talk to us on our social media. Fractional Warehouse on Facebook and @fractionalwarehouse on Instagram. We also encourage you to look through our Fractional Warehouse website for more insights.

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