INVEST IN VACATION RENTALS

Invest in Vacation Rentals During COVID 19
Without a doubt we are living in uncertain times. Crises are stoppages for some, but opportunities for others, and the real estate sector is one of them. Experts in the sector have a positive vision, and encourage us to invest, of course, with good advice. The real estate market will offer interesting opportunities in the coming months, both for those looking for a home to live in and for those who do so to invest.

For those who buy as an investment, the opportunities will be even greater, as the prices of second-hand homes are reduced. The housing market will present multiple aspects for investors, logically in a context of economic difficulties.

IS IT THE BEST TIME TO INVEST IN A PROPERTY?

Currently the owners are more open to listening to offers, they are more flexible when negotiating prices. This is because during confinement we have learned to value different aspects in the home environment. For this reason, it is definitely a good time to keep an eye on prices and know how to find a good opportunity. To enjoy the home or to convert the property into a vacation rental. We will take into account certain points.

1/ Invest for enjoyment,

where we shuffle 2 options:

-The change of housing due to a change of preferences.
Confinement has made us learn to appreciate quality free time. For this reason, especially families with children, have begun to consider the possibility of investing in a different type of home. A small plot, or garden, that allows a higher quality leisure and recreation space for the family.

-Acquisition of a second residence
This option has to do with the previous one, learning to value different things and see them from another perspective. Having a second residence, close to the current one, or not, gives us the possibility of enjoying quality free time. We will look for a type of property different from the current one, which provides us with those opportunities.

2/ Invest for Vacation Rentals,

The possibility of investing to obtain a return and the possibility of enjoyment when you are not busy. To do this, we must take into account what type of audience we want to attract and look for the right property for that ideal client. If we want to attract a foreign audience, the property must have a terrace, swimming pool, and be close to the main services. On the other hand, if our ideal client is national, the pool would be a requirement, but proximity to services would not be so essential. In addition, it is interesting to take into account the activities that can be carried out in the town and its surroundings. This will also make the home more attractive when chosen as a vacation destination. In these cases and doing a good market study, there would be between 5.5 and 9.5%, very positive profitability figures.

The province of Alicante is one of the best areas to invest in vacation rental properties. This is due to the tourist influx that it has every year, and which we have seen reinforced with the holidays after the state of alarm.