The buying motives for a second home can be different for everyone. What kind of buyer are you? Take the test!
Source: Secondhome.co.uk
1. The family man
(Full home)
With family and friends on the porch enjoying the 2 outdoors and the first warm rays of the sun. A good The smart glass of wine, good food, funny anecdotes and the laughter of the children in the background. And the great thing is; tomorrow follows another day like that. Investing in a second home means investing in leisure time. You would love to have a place where you can go on weekends and vacations to exchange hectic daily life for pure relaxation. Quality time with family and friends is very important to you. You want to have your second home completely at your own disposal and therefore choose not to rent it out.
2. The smart hedonist
(Combination of rental and personal use)
You would like to be able to get away for a few days every now and then. Just the two of you or with the family to escape the daily grind and refuel in a different, yet familiar environment. The house itself, the surroundings and the park should appeal to you. However, you do not want to incur high costs; it should remain fun. Therefore, you choose to have the home rented out during the periods when you are not using it yourself. In this way, you can make owning the second home cost-effective or even profitable.
3. The private investor
(100% rental)
You are looking for a tangible investment (for your savings). You want to have a good feeling about the recreational property, but the return is the deciding factor in making your decision whether or not to purchase a property. You are looking at past rental results and/or rental projections for the future. The rental should be organized in a professional manner and the operation of the park should also be healthy. You are looking at a second home from a business perspective. If you can use it yourself in the future, that would be a nice bonus.
4. The investor who plays it safe
(Guaranteed returns)
You are looking for a safe investment and want to know in advance where you stand when it comes to the return on your equity. You want to be sure that you will be paid a fixed amount periodically over a number of years. The product is of under suitable importance. Indeed, the property should be maintained for you so that you do not have to worry about it. Also, the property must remain current with a view to possible resale.
Tip
Whatever type of buyer you are, always get information from a specialist in the field of recreational real estate. This will prevent you from purchasing a home that does not 100 percent fit your needs.
Source: Secondhome.nl
More information about the purchase of a vacation home?
