5 Advantages of Investing in a Vacation Home Outside the Metro

As much as I love traveling, it is also good to have a property you can call your own in a province that has captivated your heart. After all, constantly moving can also be tiresome sometimes. When this happens, it’s good to settle down in a second home away from the hustle and bustle of the metro and bask in a relaxing community closer to nature.

With this being said, should you find yourself buying a vacation home in the Philippines or looking for foreclosed properties to convert into your dream vacation home, here are the advantages you will experience:

1. You Have a Convenient Staycation

First and foremost, having a vacation home in your favorite province outside the metro allows you to have a safe and convenient staycation in that province. Since you own the place, say a foreclosed house and lot in Cavite, you don’t need to experience the hassles of booking hotel accommodation in the area where your vacation home is. Moreover, you can simply pack your bags and head to your vacation home at your own convenience.

2. Rental Income

During the days you won’t be occupying your vacation home, you may lease your vacation home to tourists who want to go on vacation in the province where your second home is located. If your home features amenities such as an expansive manicured garden, swimming pool, and playing courts, you can also lease it for special events. You may pass the word about your rental property to your friends first or have it listed on real estate platforms.

3. Potential Retirement Home

As time goes by, Metro Manila can be too fast-paced for retirees. Unlike your Mandaluyong condo for rent, if you have a vacation home outside of the metro, you use it as a potential retirement house for you or your aging relatives. If you also have a vacation home prepared as early as now, you can save your retirement money or spend it on other things.

4. Investment Portfolio Diversification

If you want to be more financially independent, investment is the key. While there are numerous types of investments you can consider, if your budget allows, it is recommended that you invest money in tangible investments such as real estate. Unlike other investments, real estate has low risk and high return potential.

5. Family Home You Can Pass On to Generations

Lastly, your vacation home away from the city can serve as your family home you can pass on to your children and grandchildren as the years pass. So long as you maintain your home and do repairs as soon as the need arises, you can expect your vacation home to be in tip-top shape.

These are just five reasons why having a vacation home outside Metro Manila is a good decision. Remember, you can either buy a constructed vacation home or buy a lot and build your home according to your liking.

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