Australians LOVE a holiday and while overseas travel is high on the list for many of us we are also blessed with an abundance of fabulous holiday destinations in our own backyard. For some of us, when we find a piece of paradise on home turf the lure of our own holiday hideaway is strong. Be honest! Have you ever checked out real estate prices at your favourite holiday spot?
Some positive aspects of owning a holiday home may include:
Some people may buy a holiday home earlier in life with a view to retiring there in the future.
Of course as with any investment it pays to consider the possible pitfalls as well. We certainly know of many cases where clients have made a purchase in the throes of holiday euphoria only to regret it further down the track.
Key considerations before proceeding with such a purchase include:
Rent out the ground level home under a normal lease arrangement, thus
And the other good news?? Our design fits on very small blocks, thus keeping the cost of land purchase at a minimum!!