10 things to consider before buying a holiday home
Cyprus is one of the most beautiful places on earth. A most fitting birthplace for Aphrodite, the goddess of beauty and love. This breath-taking island offers stunning scenery, and a climate that is delightful all year round, making it an undeniably attractive option for holidaymakers.
Whether for your own use, or as a rental investment, choosing a holiday home can be a lot of fun. But it is a big investment, so it’s a choice to be made with care, to ensure your new holiday home is everything you want it to be. Here are ten things you should think about before you make that holiday home purchase…
1. Pick the perfect spot
You’ll no doubt have a list of criteria that your holiday property must have, such as a pool or a breath-taking view, but the area is also very important. Is it well situated for everything you, or your guests, may want to access? Being close to the beach is always a bonus, but there are other amenities that make a holiday more comfortable such as shops, and bars and restaurants in close proximity to the property.
2. Think about who will use the property
When you’re choosing a holiday home, you need to have a good idea of who will be using it. A small apartment or one bedroom villa would be fine if it’s just going to be for you and your partner, but what if you invited friends or family to stay too? If you’re letting out your property, the more versatile it can be, the more attractive it will be to a wider audience.
3. Is it suitable for use all year round?
A summer holiday in Cyprus is wonderful, but might you also want to grab a winter break? If you’re letting out your holiday home, you’ll also want to ensure you can maximise your ROI by renting it year-round, so do make sure that your property is suitable for year-round use, and check that any shared facilities such as communal pools can be accessed whenever you want them, not just in high season.
4. Is it easy to get to?
Accessibility can also be a deciding factor. Are you reasonably close to an airport? Are the road links good for exploring the island?
5. Buy with your head, as well as your heart
Holiday homes are something we dream of, and so it’s easy to fall in love with one. However, you really do need to buy with your head. If it’s out of your budget, or not in your preferred area, then you may end up regretting your choice.
6. Understand your reasons for buying
Having a clear understanding of why you’re buying can help you to choose a property. Will it be a holiday home for all your friends and extended family to gather together regularly? Will you hire it out to holidaymakers to bring in an extra income? Would you perhaps consider moving into the property permanently one day?
7. Find out all the costs involved
Find out early on in the process what the costs for purchasing each property are and look into any ongoing fees too. This will help you to set your budget for your purchase.
8. Find a good holiday property servicing company
If you’re letting out your holiday home, it’s likely you don’t live very close by. You may not even reside in the same country, so it’s going to save you a lot of hassle to employ a holiday property servicing company to look after your property, and the requirements of your guests. Whether it’s general maintenance, or cleaning between lettings, a servicing company makes the running of your holiday home rental business simple.
9. Do your research and keep in the loop
Visit areas of interest and look out for properties that interest you. Be sure to inform your agents regarding the type of property you’re looking for and check in often for the latest information. Often agents will know of a property coming on the market before it hits the website so you could have the opportunity to snap up something wonderful if you keep on the ball.
10. Get some expert help
For more than 15 years, Sweet Home Estates have worked with developers to create dream holiday homes and match these dream homes to their new owners. Having that helping hand to match your dreams to your perfect property is invaluable, and with such an extensive range of high quality, luxurious properties available, you can be sure that Sweet Home Estates will be able to use their experience and industry knowledge to make your dreams come true. Visit the Sweet Home Estates website today, and start browsing the properties available. You could be relaxing in the sunshine by your own private pool sooner than you think!