Why to invest in Weekend Homes in India? Pros & Cons of owning Vacation Homes

A weekend home is basically a second home or vacation home you buy with the sole intent of relaxation. Most people prefer to buy weekend homes in cool, hilly places so they can get away from the hustle bustle of the city life on weekends. For some, a weekend or second home can serve as a residential property after retirement. Many even rent out their properties when not in use, making it an additional source of income.

What are Weekend Homes?

A weekend home, also known as vacation home or second home, is a leisure property that one purchases after his basic need for shelter has been fulfilled. It is the home that people use as a relaxation spot or weekend getaway destination, and it can also serve as a blissful retreat for the post-retirement years.

Such homes are usually situated amidst greener and more embracing environments like the foothills of Himalayas, shrines or religious destinations or beachside localities. People prefer to invest in locations that are a short trip from their primary residence, say 4-6 hours by car, bus or train. Connectivity, developed infrastructure, ample greenery and serene surroundings are the features people look for in their weekend homes.

The trends in ‘weekend home’ real estate market have shown drastic changes. What was a popular investment choice among HNIs started catching up with the middle-class buyers. Seeing the drift in demand, developers also redesigned their property platter to meet the needs of mid-segment buyers. Comparatively affordable than the ultra-luxury category, these homes come with modern features like private golf course, themed gardens and ultra-lavish club house.

The pros of owning a Weekend Home:

• You will have the ability to escape from your daily duties and exchange your home environment with something different that might reduce stress and improve your feeling of being on vacation.
• Often you will combine your trips to your spare time home with social activities like inviting friends and family members. Your guests will often think back of such visits with much more satisfaction and pleasure compared to normal social gatherings in your permanent home.
• Your children will get a wider horizon by being familiar with another location than their daily surroundings.

The cons of a Weekend Home:

• A vacation home is an extra burden in economy and daily management.
• It might limit your access to travel to new places and to experience unfamiliar sightings and cultures.
• It might generate some discussions in the family when to go and when not to go. You might experience clashes between your dreams of going to your vacation place and to fulfil expectations to stay home and be involved with other activities, e.g. birthday parties of friends etc.
• And finally it will not be possible to be sure when you can sell your vacation home in time to a decent price.

Most of the vacation homes themselves have an incredible level of facilities including fully equipped kitchen and laundry facilities, private pool and internet access and of course other entertainment equipments.

The Indian market is also picking up in terms of numbers and popularity, as people are getting to know about this amazing alternative to resorts and hotels. This new trend of renting out vacation homes instead of a luxurious hotel has changed the way how the hospitality sector in India functions. It has made people aware of the importance of having a property and maintaining it.

The increasing demand for space and luxury has made the vacation home industry successful and with this increasing demand there's a lot more progress and success that this sector ensures in the future.

Since luxurious lifestyle is the main indicator of wealth in the country, weekend homes have a bright future. The market will grow and attract more investors in the coming time. As a buyer, you are advised to examine your financial capabilities and then invest.

Here’s your dream world class vacation home in the most loved destination in India, Goa. Presenting Adora De Goa by Puravankara where you’ll find the true spirit of Goa architecture that’s vintage yet modern in outlook. If you are someone who loves Goa’s beaches and its laid-back lifestyle, here’s an excellent opportunity for you to own a beach home in Goa which is conveniently located in Central Goa and 15 mins (3 kms) from airport, 3 kms from vasco.

This guest post has been written by Gunjan Johar.