Why Urban Buyers are eyeing Weekend Homes for Investment
City life can get overwhelming and right when you want to escape the hustle, nothing is more alluring than a weekend home. Usually located in a hilly area, or greener locales outside the city, a weekend home provides a haven of comfort for those who want to get away for a little while.
Urban homeowners start browsing weekend homes, both as a luxe indulgence and for the investment benefits it offers. It can be a great place to unwind with friends and family and a fantastic alternative for children, mostly used to the ways of the city.
Investment benefits of a weekend home:
Renting out your weekend home as a Bed and Breakfast: Flexible work-life and work from home schedules mean that a lot of people are escaping the city to work in quiet tranquil locations. Your weekend home can be their chosen workation destination.
Retirement Homes: This weekend home can easily take on the role of your retirement home, once you’re ready to launch into the second-innings of your life. Now, you can put your city house up for rent, while you enjoy the quiet and peaceful trenches of a weekend home.
Investing for the resale value: Investing in a weekend home, in an area that promises long term development, gives you the scope to earn for an extended period, through the resale of the same property.
Buying a weekend home has its advantages for sure, but you must evaluate your finances before making your decision. From loan eligibility to calculating your EMIs, there are a few factors to consider before you begin. To learn more about owning a second home, or to browse the approved projects, visit the ICICI Bank website, today.
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