Trying to determine which residential property to invest in? Whether you already have a well-established portfolio or are simply starting out, at the top of the properties you should consider are two types: a vacation home and a resort home. While both cater to tourists and locals looking for a break, they differ primarily in clientele size and the availability of services like a concierge found in resort homes.
The main selling point of investing in a vacation or resort home is their appeal to tourists and locals who wish to take a break. There’s a growing demand for vacation properties that offer extensive amenities, facilities, and furnishings, making them a compelling investment. Continue reading to discover additional benefits of investing in a vacation or resort home.
Numerous Recreational Activities
Beyond potential profits, a significant benefit of owning a vacation or resort home is the opportunity to enjoy or offer a variety of fun activities and amenities. Resort real estate properties are typically situated in communities rich with recreational possibilities, an attractive feature for property listings. Whether it’s a beach community with water sports or a mountain area with hiking trails, these activities enhance the appeal for customers, promising profitable returns on your investment.
Less Local Competition
While Cambodia is rapidly developing, with an emphasis on residential and commercial sectors, the market for vacation and resort homes remains less saturated. This means now is a prime time to invest in this sector within Cambodia—there’s minimal local competition. Additionally, popular vacation rentals in Cambodia are often hotels and residential homes near attractions, offering high potential for daily and monthly profits if you focus on creating a comfortable and relaxing environment for guests.
READ ALSO: Why it’s Best to Buy Vacation Home in Siem Reap & Kampot
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