Buying a second home has become a common phenomenon today. Right from a weekend
gateway to rental income, people have many reasons to buy a second home. If you are planning
- to join this pack soon, here are some points you need to consider.
- What is the objective behind buying a second home?
Ask some questions to yourself before taking any decision: Why do I want to buy? How
often will I visit it? Am I seeking rental income or just a home to relax on weekends?
Answering these questions will help you to determine your expectations from the second
home.
- Are you ready for this financial move?
Buying a second home will give you many benefits only if you are financially ready for
it. A second home is nowhere less than the first home when it comes to expenses. So,
save enough money in your kitty to own it. In a nutshell, make sure that the expenses of a
new home shouldn’t affect rest of your financial commitments. With the help of a
property advisor, you can search budget-friendly second homes that will not cost you a
fortune.
- Where you want to buy it?
Choose the location and type of your home wisely depending on the objective of buying
it. If it is going to be your weekend home, it shouldn’t take long for you to reach there. If
you are looking for a weekend home, check out Vijay Estate – Vakas. Even if you are
approaching retirement and planning to live there afterwards, this residential township is
the best choice that will suit your requirements and fit in your budget.
- What are the benefits?
A second home could earn you rental income; give you peaceful time away from the
hustle and bustle of the city, and save you from paying huge hotel
bills for family get-
togethers and parties. However, make sure that you buy a home in self-sufficient
township like Vijay Estate, which is easily accessible and equipped with modern
amenities.
To know more about Vijay Estate – Vakas, click here.
HDFC Realty Blog 