Buying a Second Home: 4 Places to Check Out

June 7, 2022

 

It can be challenging for some people to choose the best places to buy a second home, especially because of the many beautiful regions they can choose from.

Things like pristine beaches, sparkling seas, hidden coves soaked under the sun, and year-round sunshine make this decision even more difficult.

However, it is important to start looking at prime locations when buying your second home. This is because such locations will keep your investment value if not increase it. However, this should not bother those who are not worried about return on investment.

But before choosing the best place and buying your second home, there are important factors you need to look at.

Factors to Consider

With so many factors to consider, access to finances is one of the major things you need to look at. You need to look at the ease with which you can apply for a mortgage loan, utilities, taxes, maintenance costs, and insurance.

After looking at these things, you should come up with a budget. The budget includes all expenses and everything that you need to cover for your second home. This will help you in choosing the best places for your second home.

Here are some of the places to check out;

Limassol, Cyprus

You can reach Cyprus in about four hours from Dubai, Moscow, or London. This shows how easy it is to access the island. In addition to access, it is the sunniest island in Europe, something that many countries do not have.

Limassol plays host to the island’s biggest port. This makes it possible for the city to provide the best cosmopolitan lifestyle. It also offers an old-world charm, rich history, and a vibrant center with beautiful boutiques, bars, and restaurants.

Limassol has seen returning guests every year due to its boutique offering and coastline location. This makes it one of the best places for those looking for a second home.

Montuiri, Mallorca

One of the best regions to invest and buy a second home in the Mediterranean area is the Balearic Islands. Mallorca, for instance, offers investors different landscapes such as the sandy beaches and the Sierra Tramuntana which is a UNESCO heritage site.

The best place to check out is Montuiri. You will find picturesque landscape, dry stone walls, and wide cultivated fields around Montuiri. You will also find a lot of properties in the area, with most of them being used as holiday homes.

You can get everything you need in the Montuiri village, making it easy for you to enjoy staying in your second home. There are also weekly markets in the neighboring villages for you to buy local supplies. This is all you need for your second home.

St Emilion, France

St Emilion in France is a beautiful village surrounded by the best vineyards in the entire world. The town is also a UNESCO heritage site and offers residents bucolic views and stunning cobbled streets.

Within fifteen minutes, you can gain access to the TGV rail service. You can also get to the Bordeaux airport within forty-five minutes. This makes St Emilion highly accessible. You will also find a wide range of beautiful restaurants for you to choose from.

If you would like to spend some time at the beach, then you can reach it within one and a half hours to the west of the town. In addition, you can get to the ski slopes to the south within two hours. This offers you a wide lifestyle choice for your second home.

Marbella, Spain

Marbella is one of the few places in Europe with the best microclimate. This is because of the region’s over three hundred sunny days in a year.

You will also enjoy quality health care, international schools, amazing beach clubs, modern infrastructure, and the latest smart home technology.

In 2021, Marbella saw a jump in property sales - an increase of up to 22% compared to the previous year. This shows that it is one of the best places for those looking for a return on investment on their second homes.

A second home in Marbella will give you access to wellness and health centers, spas and marinas, tennis academies, and golf courses. The most prestigious places in Marbella are Guadalmina, Puerto Banús, Los Monteros, Golden Mile, and Sierra Blanca.

Other places to check out for your second home include Franklin County in Florida and Sevier County in Tennessee both in the United States, Davos in Switzerland, Deauville in France, and Algarve in Portugal.

 

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