In the US, a family of four spends an average of $4,580 to take just one vacation, and a good portion of that money goes towards vacation accommodations.
So wouldn’t it be a wise investment to buy a vacation home? If you’ve been thinking about buying a vacation home recently and aren’t sure where to begin, remember that location is everything.
Keep reading to learn about the best five places to invest in the vacation home of your dreams!
Greece is known worldwide for its beautiful islands and clear blue waters. You’ll find the little villages in Greece rich with history and beautiful Mediterranean architecture.
One huge advantage to buying a vacation home in Greece is that it qualifies you for the Golden Visa program. If you invest at least €250,000, you’ll be eligible for this special visa.
Then you’ll not only get to travel to Greece as much as you want, but you’ll also be able to rent out your property when you’re not using it. Overall, Greece is a smart option for an international vacation home.
Another excellent location for buying a vacation home you don’t want to overlook is the breathtaking Caribbean island of Belize.
Tourism in Belize is constantly growing, and you’ll find many good options for buying real estate right now. Due to its continuous population growth, your vacation home will most likely rise significantly in value by the time you’re ready to sell.
Portugal is rapidly becoming a top choice for a vacation home. Portugal has a lot to offer, and on your vacation, you’ll find its nature and culture to be captivating. It also has a laid-back and friendly vibe, making it a popular tourist destination.
Currently, Portugal has very low-interest rates, and though home prices are on the rise, you’ll still likely find cheaper monthly payments when you buy property versus paying rent.
Portugal has no restrictions on foreigners buying a home in the country, and like Greece, they also have a Golden Visa residence program that allows you to live, work, and travel without restrictions.
Spain is the perfect place to get away from everything and spend time with your family and friends. You can relax, enjoy the beach or explore Madrid or Barcelona to take in the city scene.
You can easily buy property in Spain as a foreigner, and now is a good time to buy since the housing market is in recovery after a decline in 2014. You can also qualify for Spain’s visa program if you make a real estate investment, which allows you to come and go on vacation as you please.
You can read here to discover more about luxury villas that are currently on the market.
If you’re looking to invest in a vacation home but want to stay in the United States, then Florida is your go-to destination.
Florida’s warm climate and high quality of life attract millions of tourists each year. You can buy a vacation home by the beach for only your own needs or rent it out at certain times of the year.
Either way, buying a vacation home in Florida is a wise investment that you’ll profit from for years to come.
Buy a Vacation Home Today
Now that you know some of the best places to buy a vacation home, you can start your research today to determine which location works best for you.
Remember, a vacation home is a wise long-term investment to make, and if you choose an international location, you may eventually find yourself living in an entirely new country.
Are you ready to learn more? Check out our blog to learn more real estate and home tips to get you going in the right direction!