Advantages of Buying a Holiday Home for Your Family

Advantages of Buying a Holiday Home for Your Family

It is now becoming a trend in India too to go overseas on holiday or to spend lakhs to visit various holiday destinations across the world. If your budget allows and you have enough money, then buying a holiday home is a perfect idea. It is a great combo of rental income and good private place for you and your family holiday. It is really an attractive deal for those who want to spend some quality time with their family away from their home. But, it is really important to think about it in detail and understand the advantage and disadvantages of holiday home. Don't make the buying decision in impulse. Think about it thoroughly, do some research and look for long-term affects on your financial balance sheet as well. Here are some advantages of buying a second home.

Place of your choice: This is the biggest advantage of buying a holiday home for your family. As you are the owner of the property, therefore, you can choose a property according to your convenience and choice. You can choose a holiday home wherever you want or at the place, which suits you most or a place, which you like most. So it is a good idea to choose a place, which you like most.

Space as per your requirement: However, there are people who don't bother about the space when they are on vacation. But, if you are on vacation with your family member at that time space matters. If you have your own holiday home you can stay at that place as per your ease, there will be no arguments regarding the space and choices of rooms. Your kids can enjoy freely at playing space and you family can relax without bothering much about any breakage or other issues.

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Maintain a kitchen as per your choice: Here, in your holiday home you can maintain a kitchen as per your wishes. If you are out on vacation with your family, the biggest problem you face is expensive food with lower quality. As the place is new and you are out for vacation, you are most of the time clueless about the food quality and price of different restaurants. Expensive food can shoot up your holiday budget. But, in your holiday home you can organise your kitchen as per your wishes and you can even bring some food and eating items as per your children and family choice.

Amenities: Amenities is another factor, which also makes your holiday home a better choice than going for holiday at any other location. You can fit in any of the facility such as gaming station for your kids, washing machine, TV, fridge, air conditioner and much more, which is within your budget or in your wish list.

Privacy: Privacy is the biggest problem with the hotels. No matter where you have booked your rooms, still you will find some people there too. When you are in vacation, you want some peace and quite place to enjoy your vacation. Having your own holiday home ensures your privacy and peace. You can stay there with ease and comfort.

No deadline and extra charge: This is your home and nobody is going to ask you to vacant the place after your booking day, nobody will ask you to pay extra charges for different facilities. You need not pay some extra money for over staying or for other facilities. You can stay here till you want or till your family want. You need not to worry about over staying.

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Rent free holiday for your family and friends: This is very economic for you and your family for vacation. You are not required to pay rent to any one. You can visit the place as many times as your want without any worry. You can stay there as long as you want, no need to advance booking or anything else. You just need to pack your bags and carry some eateries to stay there for the duration of your choice.

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  • Home Loan Interest Rates October 2023
    Axis Bank8.75% - 9.15%
    Bank of Baroda8.50% - 10.60%
    Citibank8.75% - 9.15%
    HDFC8.50% - 9.40%
    ICICI Bank9.00% - 9.85%
    Indiabulls Housing Finance Limited8.65%
    Kotak Bank8.85% - 9.40%
    LIC Housing8.50% - 10.50%
    Piramal Capital & Housing Finance10.50%
    PNB Housing Finance8.50% - 10.95%
    Reliance Home Finance8.75% - 14.00%
    State Bank of India/SBI9.10% - 9.65%
    Tata Capital8.95% - 12.00%
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