Investing in holiday villas in Sri Lanka or abroad is a commitment. Since it requires substantial capital investment you have to think through before making a decision. Here are a few things to consider before making a purchase decision.
Attractions Around the Villa
Since a villa is a long-term investment, you need to choose the location carefully. Make sure the locality offer attractions that suits you. Check the area and chat to the locals to find out about the hotspots in the area. Make sure the activities around area suits your lifestyle. Keep an eye out for restaurants, shopping malls, beaches, adventure sports, parks and other holiday activities.
This is such an important question, as you need to pick an area that is going to offer you fun and relaxation for years and years to come. Check out the area and chat to the locals to find out about all the hotspots the area has to offer. Make sure there are activities the whole family can enjoy.
Distance to the Holiday Villa
Sri Lanka villa holidays are great. But make sure the villa is not located too far from your home. Before purchasing you need to consider how and when to use it. Will it be during summer vacation or quick getaways etc.
Property Market Condition
Do your groundwork before the purchase decision. Make sure to invest in a location that has potential to grow. You don’t want to fork out a lot of money for an area that is reducing in value. If you are investing in holiday villas in Sri Lanka, you can ask your real estate agent to help you regarding the property value in the area.
Maintenance of the Villa
Unless you plan on renting out the property, find a villa that is easy to maintain. You don’t want to spend your holiday worrying about housekeeping and maintenance. So find a lock up and go type villa.