Homeownership is a crucial step in a person’s life. It involves making wise choices and taking advantage of good opportunities when they come by. Most potential homeowners only consider their primary residence when considering a resident purchase. Even so, holiday homes are growing in popularity and may be a better investment. You can enjoy a lot of benefits when you have a holiday home, especially if it is located in Kenya. The country has many things to offer, and here are some reasons you should consider the option.
1. An additional source of income
Since Kenya has many places for visitors to tour, having a holiday home can provide you with an additional source of income. It is unlikely that you will use the home at all times. Whenever the house is unoccupied, consider renting it out to short-term guests who need accommodation. Granted, getting the business running will require some work and money. Before you start, you can research the market and see how lucrative the business would be. You can also outsource the job and have an agent run the rental services on your behalf.
2. You can vacation with ease.
Planning vacations is a tedious process. There are many logistics, including transport, accommodation, airport transfers, food, and the itinerary. Accommodation is an essential aspect of each vacation and can affect how well your trip goes. Planning a Kenyan vacation becomes a lot easier with your own holiday home. You do not need to find a hotel or a vacation home to rent for the duration of your trip. You also set house rules regarding mealtimes, permissible noise levels, and bringing your pets.
3. It allows you to save money.
A holiday home also allows you to save a lot of money. First, you do not need to pay for hotel rooms for yourself and your family. Instead, you can spend that money on touring more places during the holiday. Also, you can prepare all your meals in the holiday home, which is much more affordable than eating at hotel restaurants. You can save on amenities at an extra cost in hotels, including laundry services.
4. Accessible tourist destinations
You can buy a holiday home in whatever country you desire. What makes Kenya an exceptionally desirable location is the fact that it has easily accessible tourist destinations. Over the years, the Kenyan government has invested heavily in a comprehensive transport network. The system connects all critical areas in the country, including the coast, Nairobi, and popular destinations like the Maasai Mara Reserve. Tourists can move quickly from one place to another, making the trips more enjoyable.
5. Variety of places to see
Thanks to the country’s diverse landscape, Kenya has a lot of places to see. Visitors can take a beach holiday and stay in holiday homes along the coast. Alternatively, one can choose sites like Nayuki and Isiolo, which offer a more rural feel. This variety of destinations means that your holiday home can fit almost anywhere in the country. You have many more options when deciding where to build the house. As such, you can find a great holiday home location, no matter your personal preferences.
6. Economical development
In any real estate market, the economy plays a key role. It affects supply and demand and the value of a long-term investment. Within a favorable market like Kenya, owning a holiday home is a very attainable goal. Many parcels of land are available in different parts of the country. Since construction is a crucial part of the economy, you will also have easy access to building materials for your holiday home. The economic growth in the country has been relatively steady.
7. Smart investment choice
Another primary reason to have a holiday home in Kenya is financial. Property ownership is one of the best ways to use your money, especially when you have accumulated enough savings. Homes in the country continue to appreciate as the demand for property increases. The longer you have the holiday home, the more it will cost when you decide to sell it. You can make more money than you invested in the beginning. Also, a holiday home is mostly an asset, not a financial liability.
8. Great use of land in the countryside
Many Kenyans, as well as foreign residents, appreciate the value of property investment. As such, they tend to work towards owning land as their earnings increase. It is easier to buy land in the countryside since it is more affordable. Buyers can purchase more extensive tracts of land for relatively less money. Building a holiday home is a great way to use your property in the countryside. It is a sage choice, mainly when the land is near popular tourist attractions.
9. Convert the use of the house
Since most holiday homes are built away from major cities, owners can convert them into a different use. For instance, you can choose to make the space a retirement home and move away from an urban area. Owning a holiday home lets you decide what to do with your property. It also gives you financial security because you will not need to buy or build a new space if you want to move. Additionally, you can use the space to set up an indoor working area and run a business from your house.
10. Presence of real estate platforms
Kenya is a regional hub of technological innovation, and the real estate sector has benefited greatly. There are multiple online platforms with resources and products in the Kenyan market. For example, prospective homeowners can find Nairobi apartments for sale on critical real estate websites. These sites also have rental houses for people on vacation. Owning a holiday home in Kenya means listing it on these platforms when you want to lease it. Anyone needing accommodation will find your house quickly and can connect with your agent to book the space.
Property ownership is an intelligent way to use your money. Holiday homes are growing in popularity amongst residential spaces. Kenya is also very convenient for tourists and has many great destinations. Owning a holiday home here will allow you to save on vacation costs and even make some additional income.