Searching for a holiday home differs significantly from looking for an investment property. While a holiday home can generate rental income during the months it's not in use, maximising rental income is usually not the primary focus when making this purchase.
To help buyers prioritise their search criteria, RE/MAX of Southern Africa explains some of the key differences between searching for a holiday home versus an investment property.When searching for a holiday home, you want to choose a location that you and your family love and will enjoy visiting regularly. Proximity to amenities and activities that match your lifestyle is key.
On the other hand, an investment property should appeal to a broad range of tenants. Consider factors like size, number of bedrooms, and amenities that are in demand.Something to consider with a holiday home is who will look after it during the months when it is empty. If you live close enough to it, you can pop in regularly to keep things maintained. You could also hire a cleaning and gardening service to tend to it while you are away.