Finances for holiday properties, what really counts?
Holiday property and finance made easy
Even if most people think of lake views, mountain panoramas and the Mediterranean way of life when they think of holiday properties - without the right financial skills, a holiday dream can quickly turn into a financial nightmare. Read everything you need to know about the financial aspects of holiday homes and flats.
Financing
Very few people can buy a holiday home without additional financing. This makes it all the more important that the financing is professionally planned and tailored to your individual circumstances. An expert opinion, for example, will save you unpleasant surprises when it comes to the purchase price and building fabric. There are also a few things to consider when it comes to taxes and holiday properties to ensure that your holiday home is a good investment.
Holiday property costs
Many people underestimate the costs of a holiday home. In addition to the monthly costs for the repayment of any loan, you also have to factor in the ancillary costs, insurance and second home tax for a holiday home/apartment.
Expert tip:
"Additional insurance cover against forces of nature such as heavy rain and avalanches is particularly important for some holiday properties."
Yield
A nice side effect and, for some, the main reason for buying a holiday property is the potential yield between the sea and the mountains. Our yield calculator shows you which formula you can use to calculate the potential yield. We also show you which purchase criteria count for a good return and how taxes can increase or reduce your profit.
Selling a holiday property
There is not only the right timing and some important things to consider when buying a holiday property, but also when selling it. Whether you want to part with your owner-occupied holiday home with a heavy heart or simply want to cash in on the increase in value after a few years - discover our best tips and tricks on the ideal time to sell, finding a buyer, costs and taxes when selling.