Whether you’re renting a villa abroad long-term or you’re hoping to buy one that you can rent out or return to time and time again, there are certain things that you need to look for when buying any holiday villa. If you’re a complete novice to buying property, we’ve got some great tips for you, and if you’ve bought property before, there are still some things you might learn.
This is one of the most important things to consider. If you’re buying a holiday home, you need to first think about which country you want it to be in. This should be somewhere you enjoy visiting, so ideally you need to have visited the country before and have some idea about which areas of the country you like. For example, if you’ve visited Seminyak before, you can buy beach villas in Bali Seminyak at reasonable prices. This location is close to the beach, has many restaurants and places to eat nearby and even has shopping which is just a short bus journey away.
- Things to do
If you’re buying a villa to rent out to other people, you should be able to appeal to families and other holidaymakers with the property you buy. This doesn’t mean that you can’t buy a decent villa if you have a lower budget, but you should avoid villas which are in very secluded areas or have a limited amount of activities to do. Some villas are far away from the beach and many of the main attractions, so you won’t get many people wanting to rent your property for a holiday.
If you’re buying the villa to stay in it yourself, think about your favourite things to do in that particular destination. It might be that you much prefer being further away from all the tourism and activities that are happening in the area. However, if you prefer being close to the beach and among all the hustle and bustle of tourists, it’s a better idea to buy a villa which is in a busier area.
Unless you’re mega-rich and money is no object, you’ll definitely have a budget when it comes to buying a villa for your holidays. If you’re renting it out, you’ll always be always to make money off it if people are booking it for their stay, but if you’re only staying there yourself, you’ll be paying out more than you’ll ever get in return for it. You should also consider renting it out to people when you’re not using it, even if you use it yourself for certain weeks or months of the year. The upside to this is that you can still get money from the villa, but the downside is that you’ll have to make sure somebody is there to let the travellers in before their stay and you will also need to make sure that the property is always clean and in a decent condition for other people to stay.