Imagine having your own place abroad, where you could escape whenever you wanted. You’re only just a plane ride away from your own space that is guaranteed to meet your needs. 

Owning a property abroad is a big decision but there are many benefits. 

Saving Money On Vacations

Booking hotels, villas, or renting property can really add up over the years. If you’re traveling at peak times of the year, then you can expect to pay even more or be unable to find a hotel room in the area you want to visit. 

Yes, you’ll have the outlay on the property or the mortgage payments but the more often you visit, the more money you will save. 

Spend More Vacation Time With Friends & Family

Fickle as it sounds, having a pool or holiday home is almost guaranteed to make you suddenly popular with friends and family. Embrace it and take the opportunity to go on vacation together and create some fantastic memories. You can even take your pet with you to many countries. 

You Can Get A Better Property Buying Internationally

In many countries around the world, the cost of living is much lower than in the US. This means that your money can buy you a much more luxurious property than you think. When finding a property in another country, look at the average property costs to see how far your budget can take you. 

You Can Choose The Style

Because you control every aspect of your holiday home property, you can design it you meet your own needs and choose the features that you want to make you comfortable. 

Make Money From Rentals

You probably aren’t going to be in your holiday home year-round, that’s a home. So instead of leaving it empty for long periods, why not make money from it? Depending on where the property is, you could actually make a great profit from it. For example, you can rent it out as a holiday let. There will be management companies that can take care of everything for you so that you don’t even need to be involved. They’ll look after booking, insurance, maintenance, and cleaning. Holiday lets are usually priced on a weekly basis and will likely be worth many times the amount you’re paying on a mortgage. 

You could also choose to list it on sites such as Airbnb, which are charged on a per-night basis. The profit margin in this type of rental could be even larger but will require a lot of hands-on management from the property company you choose. 

It’s An Investment For The Future

Ideally, when it comes time to sell your holiday home, then will make much more than you bought it for. This can be put towards retirement or buying another property at home. 

You might decide to leave it to your children or another family member after you’ve gone. They can then benefit from it in the same way that you did. 

Key Points 

Choosing to buy a holiday home abroad can be a great investment decision. Not only can it provide a good financial return, but can also give you years of happy memories.