Resort Condominiums vs. Vacation Homes: Which is a Better Investment?
Vacationers enjoy traveling to a number of varying tropical areas. And lots of them like the Central American region because of the outstanding amenities and large amount of well-known hotspots. Somewhere along the line, a traveler chooses to make an investment in a regular place to go on his/her vacation. When this happens, the choice usually comes down to vacation homes verses resort condominiums.
Vacation homes usually refer to a townhome or residential home in a vacation area. These homes are usually accompanied by a certain amount of land that is owned along with the dwelling. The nice thing about having a regular vacation home is privacy. These houses are often separated and on their own. They can also come gated for even more privacy and exclusivity.
Though vacation homes are quite nice, they do have several downsides. The first and most important to most people is they tend to be quite a bit more expensive than resort condominiums. You could spend literally millions of dollars on a regular vacation home verses several hundred thousand dollars for a resort condo in the same area.
The expense of the home itself is only the beginning. After you purchase your vacation home, you need to think about what it will cost to customize it to your liking – e.g. installing a swimming pool, security system, etc. And speaking of security, since you will not be there most of the year, you will need to pay for continual monitoring of your property, which may not be as reliable as you would like it to be in a foreign country.
Upkeep is another issue to consider with vacation homes. You will need to make sure the premises is always clean and tidy and up to the local municipal codes, which again could be quite different from what you are used to in your home area. The cost of keeping your place looking presentable can be quite hefty. But if you have the financial resources, it may be a good investment.
Investing in luxury oceanfront condominiums offers vacationers quite a bit of the same benefits of a vacation home but at a reduced cost with far greater convenience. Resort condos are usually built in higher end communities where there are plenty of upscale amenities on site. These can include swimming pools, tennis courts, workout facilities, restaurants, shopping, and in some places even gaming. Amenities like these would be hard to duplicate in a vacation home.
In addition to luxury amenities, resort condos also offer much more convenience for the vacationer. Since you will probably only spend one to two months of the year in your condo, the last thing you want is to have to keep the premises clean the other 10 or 11 months of the year. Usually, the condo association takes care of these things for you, and all you pay is the association dues.
One added benefit that some resort condominiums offer is the ability to earn money from your investment while you are not there. Some even have rental programs that you can enroll in, making it very easy for you to make money by just sitting back and letting them do all the work for a small cut of the rent.
Overall, the decision on investing in resort condos vs vacation homes is an individual one. If you have the cash and desire to have a private and exclusive home, then a full residential vacation dwelling may be right for you. For most, however, the advantages of a resort condominium are hard to pass up.http://daily-blogger.com/resort-condominiums-vs-vacation-homes-which-is-a-better-investment/Today's Postoceanfront condominiums,resort condominiums,resort condos