So you are considering owning your own holiday home? You’re not alone.
While more and more people are choosing to forgo overseas holidays, preferring to holiday within Australia, there has been a marked increase in the number of people purchasing holiday homes in their favourite local holiday destinations.
There are definite pro’s to this.
- Rent-free holidays whenever you want
- Potential future use for retirement
- Additional potential rental income
However also there are con’s to consider.
- Boredom of holidaying in the same place every year
- Finding tenants happy to rent when you don’t want to use it
- Upkeep
While most will purchase an established house, or build on vacant land, there are a growing number who are looking to Caravan/Holiday Parks for a low-maintenance option.
Some caravan/holiday parks offer the opportunity to purchase cabins sited with their parks. There you have the option to rent out the cabin through the part when you are not using it. That way, the marketing is taken care of, small lot size = less maintenance, and most parks have great facilities to take advantage of. The downside to this option is rent and commission payable to the park and the lack of potential increase in value.
Whatever road you choose to pursue, we have a solution. Call us today to find out more about our Holiday Cabins and Transportable Homes!
