As the festive season draws to a close and the bank statements start to role in, you then begin to realise just how much money you spend over the festive season. Sure you had fun, but could you not maybe have spent less money and still have the same amount of fun?
Instead of renting out a holiday home or staying in a five star hotel, why not buy your own holiday day. It may be more expensive in the short term, but the long term benefits will far outweigh the costs. Here are three things that you need to take into consideration when looking for a holiday home:
Number One – The Finances
When purchasing a holiday home, you need to first look at the bond you are able to apply for. This will be the determining factor in buying a new holiday home. When applying for a holiday home loan, ensure that your application is completely correctly and you have no outstanding debts, as this will hamper your chances of obtaining the financing that you are able to afford.
Number Two- The Location
The location is the most important part of buying a holiday. This location is broken into two key areas. The first location choice that you need to make is where you want to have your home located? Do you want to be near a beach, a river or the mountains? When looking for the location, take into consideration your needs, wants and the things you enjoy. Once you have found a city or area that you want to have a holiday home in, it is time to look at the second location area.
The second location area refers to where you want to stay in the area that you have selected as your holiday destination. For instance, if you decide to have a holiday home in a beach town, you would want to be near the beach and in a decent area.
Number Three – The Size Of The Home
The size of the home refers directly to the amount of people that will be in the house throughout the holiday season. If you are looking to buy a home that is just for you and your partner, it would be foolish to purchase a ten bedroom, five bathroom mansion of a home. It not only will cost a bomb, but will also be far more than you require.
Ensure that you take into consideration the friends and family members that stay with you in the holiday season and purchase a home that is the right size.
In conclusion, ensure that you follow these three steps: first the finances, then the location and finally the size of the home for your needs. Once you have completed this, it is time to go looking for your new home. Remember when buying your vacation home that you want to be able to picture yourself in the home.
I am Greg Jones, a holiday home loans application specialist. In my holiday time, I am simply the owner of the most amazing beach front cottage; it is a five minute walk from town and literally one hundred metres off the beach front. So catch me catching a tan during the summer months.