Trying to determine which residential property you need to invest in? Whether you already have a good portfolio or simply starting out, at the top of the properties you need to consider are these two: a vacation and resort home.
These two only differ in the number of clientele and how many staff are available at all times, with a resort home usually having a concierge.
However, the main selling point of investing in a vacation or resort home is that you’re catering directly to tourists and locals so they can take a break. In short, people are more willing to spend on vacation properties with great list of amenities, facilities, and furnishings.
Continue reading below to see the other benefits of investing in a vacation or resort home:
Numerous recreational activities
Besides the potential profit, one of the great benefits of owning a vacation or resort home is that you will get to enjoy or offer fun activities and amenities. Since most of the resort real estate properties are located within a community filled with numerous activities, it can be a fantastic benefit to highlight your home in listings.
Whether this is a beach community filled with water sports activities, a mountain community with numerous trails, and more, it’s always going to be great for customers since there’s so much they can do! In this way, the possibility of making a profit from your investment is high with a vacation home.
Less local competition
Cambodia is primarily a developing country, with an emphasis on the development of residential and commercial properties in recent years. While there are a number of investors that focus on vacation and resort homes, the market isn’t saturated enough for it.
In short, if there’s a good time as any to invest in a vacation or resort property in Cambodia, it’s best to start now since there’s only a small number of local competition.
Moreover, the go-to vacation rentals in Cambodia are often hotels and residential homes close to attractions. If you invest in a vacation or resort home with a focus on a comfortable and relaxing holiday for your guests, you have the potential of getting high daily and monthly profits.
READ ALSO: Why it’s Best to Buy Vacation Home in Siem Reap & Kampot
Online-based market
Everything is mostly digital these days, making it all the more convenient for potential guests to see your vacation or resort home listing. Getting guests to see the features of your property, in comparison to others, also makes the transaction of checking it out to booking it faster.
Besides that, there are plenty of ways you can leverage your property features and make it more attractive for potential guests by adding videos, online property tours, and more. Considering the different ways you can reach your guest niche online, investing in a vacation and resort home is an excellent way to add to your income stream!
Different investment property options
Similar to residential properties, there are numerous types of vacation and resort homes. You don’t necessarily have to purchase a house and turn it into a rest home, since it’s also possible to invest in a hotel, villa, or even an apartment located in the same community. Depending on the guests you want to attract, you can weigh your investment options and choose the best one that will suit your portfolio!
Safe and secure vacation home for guests
Vacation and resort homes are often located in communities that serve to make their property features to be the best it can be, but also to make their amenities be something attractive for its guests. Generally, safety and security are prioritized in these areas, allowing their short-term or long-term guests to relax and fully rest. Some of the methods used by these communities to ensure the neighborhood’s safety are enforcing 24/7 security personnel, CCTV cameras placed in key areas, and more.
This makes it highly attractive for numerous guests, making resort and vacation homes a great investment option.
Interested in investing in vacation homes? Learn the best locations and properties for this kind of investment when you contact us today!
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