Home Finance Is it a wise investment to buy a holiday lodge?

Is it a wise investment to buy a holiday lodge?

by jhon duncen

Holiday homes come in various shapes and styles and are riddled with a sense of class, creativity, and relaxation. They are not just some buildings you can lodge in; even though they perform accommodation functions, they offer much more than meet the eye. As the name implies, they are lodges that allow a revolutionary lifestyle and freedom throughout your holidays.

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Photo by Oliver Sjöström:

Some persons argue to the contrary when the subject concerns purchasing a Holliday home. So we shall thoroughly examine both sides of the coin, present you with the facts and all there is to know, and after that, we shall conclude appropriately.

So what makes purchasing a holiday lodge a good investment?

The Purchase Procedure Is Easy When Getting a Holliday Home

Firstly, getting a holiday lodge is more straightforward than purchasing an actual residential home. Buying homes take some time and process. You would have to verify the home’s condition, pay all the purchase and processing fees, maybe even wait for the old occupants to relocate, and so on. However, when you buy a Holliday home, the process is much more straightforward and less stressful. Lodges for sale are usually empty and in fair shape, because people only ever lived there temporarily.

You Can Go on Holidays More Frequently

Investing in a holiday lodge allows you to improve your lifestyle, giving you the privilege of going for Holliday travels as frequently as you desire. You can pack up and leave for your Holliday home on specific weekends, public holidays, etc. It’s your getaway throughout the year.

You Can “Share” Your Lodge with Other Amazing Families

This share means to rent. That is, so long as another family is willing to pay for it, they can have a taste of what your classy holiday home feels like. A beautiful holiday lodge in a beautiful location, offering mind-blowing comfort, would get other people interested in paying to get a feel of the club. Indeed, you do not always plan to put work on hold to go on holiday; therefore, you can allow other persons to return your purchase funds while the lodge continuously bears your name. After the passing of the COVID, more people were interested in leaving their homes to explore other parts of the world. So, now is a great time to provide classy temporary housing for these “destitute” souls.

They Are Least Expensive to Maintain

Besides the cost of buying the Holliday home, it is effortless to maintain, not to mention the fewer taxes that apply to this type of investment. Since a holiday lodge investment does not include land, you usually would not be required to pay any stamp duty on your second home. Also, generally, lodges are built to be simple and long-lasting with the same standard as residential homes. Their structures are constructed with much quality and efficiency. It is a fact that somehow, even the most luxurious lodge has a structure much less complicated than any brick-built building, and hence, irrespective of the size, these homes are easier to maintain. Compared to a traditional second home, you would save enormously on maintenance over the years.

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Photo by Evgenia Basyrova:

Furniture and Finishing Are Already Included

If you purchase a residential property as your holiday home, you would have to spend more to acquire the necessary furniture. But if you buy a Holliday home, all the needed furniture has been put in place. More often than not, the rooms are usually tastefully furnished to exceptional standards with durable materials. You get a stylish fitted kitchen, ensuite bathrooms, walk-in wardrobes e.t.c

You can Choose Your Unique Lodging Locations

Imagine how refreshing and amazing it would be to leave the city behind with its endless noise and clamor for peaceful serenity. Wouldn’t it be rejuvenating to gaze out your window upon an entirely green field laced with beautiful flowers? If you prefer a beachside holiday home away from the city’s pollution, you can have it. The decision is yours to make. This is unlike lodging in a hotel with five-star facilities located away from your preferred region.

What Factors Kick Against Tagging A Holiday Home A Good Investment?

Here is a quick list of factors that makes a Holliday home investment a bad choice

Lodges Depreciate in Value

Unlike residential homes that grow in value over time, Holliday homes depreciate with time. They go out of fashion as their classy structure and tasteful furniture can become antiques, quickly alien to the evolving times. Many people can become uninterested in lodging in such holiday homes with this unfortunate trend, except maybe the owner.

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Photo by Rachel Claire:

Holiday Homes Cannot Be Mortgaged

You cannot use these lodges to obtain loans because most financial institutions would not accept them as collateral. They do not classify holiday lodges as homes.

Conclusion

Considering all aspects of the subject before us, it doesn’t seem like a wrong decision to invest in holiday homes. But then again, it also does not appeal as a financially sound decision to invest in this lodge. It appears more logical to pay up and stay in a lodge whenever you need one and leave the risk of depreciation, maintenance costs, and so on to the owner. After all, how much Holliday do you get in a year?

 

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