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2 mins Read | 5 Years Ago

Why Urban Buyers are eyeing Weekend Homes for Investment

Why Urban Buyers are eyeing Weekend Homes for Investment

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With the rising real estate prices in India, a Home Loan is the only way through which most people fulfil their dream of buying a home. To better meet the needs of the borrowers, lenders in India now offer different types of Home Loans.

City life can get overwhelming and right when you want to escape the hustle, nothing is more alluring than a weekend home. Usually located in a hilly area, or greener locales outside the city, a weekend home provides a haven of comfort for those who want to get away for a little while.

Urban homeowners start browsing weekend homes, both as a luxe indulgence and for the investment benefits it offers. It can be a great place to unwind with friends and family and a fantastic alternative for children, mostly used to the ways of the city.

Investment benefits of a weekend home:

  • Renting out your weekend home as a Bed and Breakfast: Flexible work-life and work from home schedules mean that a lot of people are escaping the city to work in quiet tranquil locations. Your weekend home can be their chosen workation destination.

  • Retirement Homes: This weekend home can easily take on the role of your retirement home, once you’re ready to launch into the second-innings of your life. Now, you can put your city house up for rent, while you enjoy the quiet and peaceful trenches of a weekend home.

  • Investing for the resale value: Investing in a weekend home, in an area that promises long term development, gives you the scope to earn for an extended period, through the resale of the same property.

Buying a weekend home has its advantages for sure, but you must evaluate your finances before making your decision. From loan eligibility to calculating your EMIs, there are a few factors to consider before you begin. To learn more about owning a second home, or to browse the approved projects, visit the ICICI Bank website, today.

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