As we all know investment in real estate is always been a reliable investment option with minimal risk. An imp motive of real estate investors is to earn passive income from property investment. But in past few years investors has shown a great divergence from traditional real estate like buying plots or second homes to investing in Resorts due to its high brand value and luxurious amenities with a touch of natural environment.
The urban city life has become mundane with people wanting to escape to a natural landscape, usually some place close to their original settlement. The ongoing situation has also made people wanting to spend time in a more secluded location, and owning a resort unit does the trick. When you own a resort unit, it gets easy to plan vacations sooner without giving much thought and the luxuries a resort has to offer is definitely unmatched.
Lets have a look on major benefits :-
Why the urban population has been finding resort unit a worthwhile investment is also because of the income generation that follows the purchase. When away, the resort home is rented out to the tourists and the income is shared between the owners and resort authorities. It is quite observed that these resort homes have become the new popular among the tourists because of prime location and luxurious amenities there in. The rental income generated through investing in resort homes is generally very high with assured returns.
People usually find resort investment as a worthwhile choice for second home investment because of the convenience it offers. With a resort investment there isn’t any worry regarding maintenance as resorts have a dedicated team of staff to maintain their properties.
in resort investment, it is easier to track your return on investments as you have rental income flowing in. Along with the rental income, the location and value a resorts offer makes the value of the property appreciate manifold. Hence, tracking capital gains and rental income to find if the investment has been worthwhile is quite easy in resort segment
According to the Union Budget, the government has extended benefits of owner properties to two homes. Hence, owners do not have to pay income tax on the rental income generated from the second homes. This has made resort investments even more viable and rewarding for those wanting to invest.
Along with traditional way of investment in resorts, fractional ownership has also given a tremendous boost for those who seeks to invest but lags behind due to high investment value. Fractional ownership provides a low cost investment in high grade properties making it easier for new investors/average investors to move towards high grade property investment & enjoy its benefits
All these factors are giving boom to resort investment.