Weekend homes also called as second homes or vacation homes are currently an oasis of market activity in India’s real estate sector. The trend that is really catching on, nowadays, is investing in a property near the beach—your very own beach home that is also a source of regular cash flow. A beach home should be ideally bought after one’s primary home is secured. If the first home is debt free and one has sufficient reserves, then investing in a bungalow on the beach makes perfect sense.
Buying a beach home can be a good investment providing you with a regular source of income in the form of rent and also a place for spending vacation on the beach free of cost whenever you desire. Many real estate investors find a beach home in an area which is highly visited and with a high rental demand. The investor can make ample money to cover the expenses for the year. It gives an added benefit to the owner who can use it for free during the slack season. [Read more…]