Looking to purchase a vacation home? Here are the points first-time vacation home buyers need to consider before choosing to invest in a property.
As work-from-home becomes the new normal, there is a growing number of city dwellers looking to venture out of Metro Manila in order to set up a second base — a vacation home secures another home environment away from the urban hustle and bustle, as well as clean and serene surroundings for their families while maintaining one foot in the city. This is why many first-time buyers are looking into purchasing vacation homes.
Purchasing a property and converting it into a vacation home has its fair share of advantages. You will own your private slice of paradise, with a crystal blue beach and its sandy shores within reach any time you want to head out for some rest and relaxation.
Buying a vacation home also allows you to cater to another business demand through another form of income stream through rental as households consider booking properties for longer-term stays outside of Manila that can not only accommodate the WFH setup but allows them a respite from the city.
Are you ready to dive into owning a home away from home? Here are what first-time buyers need to consider before buying a vacation home.
Know what your goals are
What are your reasons behind purchasing a holiday home? While some look for a family getaway, others may want to make a worthwhile investment. Sometimes, it is a combination of both.
Being fully aware of your motivations behind purchasing a property will help inform your next steps, including location, size, and even the budget of how much you are willing to spend on renovations. You may also want to consider the prevailing market conditions.
Assess the location
Whether the property is in a popular tourist destination or an up-and-coming travel mecca, it’s important to assess the location and its features. How often do you plan on using the home, and how does it stack up against travel time and expenses? Check whether the property is close to conveniences such as an airport, hospital, banks, and supermarkets while being able to provide an unrivaled vacation experience.
Experience the place from a local’s perspective
Looking to get the best perspective? Experience the place from a local’s point of view. Scope out restaurants and other venues for entertainment that add value to the location. Are you planning to spend half of the year in the property?
Look at its investment potential
While stocks are prone to volatile and wild fluctuations, a secure real estate asset in an exclusive community can provide your family with a stable investment for the future. This helps you live life with ease and enjoy every second of the day with utmost privacy, exclusivity and security.
With the demand for recreational properties outside Metro Manila on the rise, people are on the lookout for residential resort units as worthwhile investments. While there are plenty of developments for purchase, there are residential resort properties that are a cut above the rest. A property by a reputable developer assures its quality and the potential to increase in its current and future value.
Rockwell’s first foray into residential resort development sets the bar high with Aruga Resort and Residences – Mactan — a one-of-a-kind property with its unparalleled beach experience combined with its utmost conveniences, as it is near the airport and Cebu City’s prime business centers. Guests can enjoy private and full access to luxurious beachfront living, while staying close to its renowned sailing and snorkeling destinations.
With paradisiacal sea views and exclusive villas along a private 270-meter beachfront, Aruga Resort and Residences by Rockwell is redefining residential resort living in Mactan, Cebu, nestled in one of the country’s most renowned destinations. Its proximity to the Mactan-Cebu International Airport and the bustling district of Cebu helps merge work and play in a stunning seaside location — the perfect spot for first-time vacation home buyers. Learn more about purchasing your vacation home in Aruga — visit arugaresortandresidences.com.