Interest in second residential properties outside Metro Manila has shown a substantial increase over the past few years, indicating a healthy and flourishing market. This growth makes having a second home an attractive prospect for both homeowners looking for a leisure destination outside the hustle and bustle of the city to add to their portfolio.
Second homes, often referred to as vacation homes, are a worthwhile investment for any enterprising homeowner. And like any other investment, they come with their own pros and cons.
What to Consider Before Buying a Second Home
Here are a few considerations to take into account in selecting your second home:
Location
As the age-old adage goes, “Location, location, location.” While often used in the context of business, it is equally important when catering to residential needs.
The ideal property could be in a favorite vacation destination, a layover for those who frequently move between two worksites, or just outside of the city limits for a quick getaway.
This lavish 6-bedroom house and lot in Baguio City is the perfect destination getaway for any fan of cold weather and being close to nature. This property is located close the scenic Outlook Drive and is surrounded by landmarks such as Baguio Country Club, Mansion House, and Wright Park.
Purpose
A second home can be treated as it’s meant to be, a residential unit one can stay at aside from the primary, or as an additional source of income. The former is self-explanatory, while the latter takes many forms such as a rental unit for vacations, events, and leasing.
This 3-bedroom house and lot in Mondia Nuvali, Laguna is a quaint extension of home, surrounded by lush greenery and overlooking the magnificent Mt. Makiling. Apart from the refreshing view, it comes with a spacious living and dining area, as well as a garage fit for 2 cars. This modern home sits on the outskirts of Tagaytay, and borders Sta. Rosa, Calamba and Cabuyao, Laguna while still having easy access to Metro Manila via the SLEX.
While the decision to purchase one requires a decent amount of thought and contemplation, possession of one comes with a variety of benefits ranging from the immediate to the long-term.
Why Get a Second Home
Below are some of the conveniences that having a second home affords:
Home away from home
Having a second residential home provides a readily available place to go to for vacations, doing away with having to deal with hotel or BnB accommodations, and knowing that everything is already set to one’s preference. Those located just outside the city limits can also provide an easily accessible, much-needed change of pace and scenery following a busy week.
This 3-story, 7-bedroom home in Susana Heights, Muntinlupa can double as a family home or a weekend retreat away from the hustle and bustle of the Metro. It caters to people of all ages with its outdoor playground, as well as heated swimming pool and jacuzzi.
Future-proofing
Properties found in prime locations are often sought after for the luxury and comfort they provide. As such, they are ideal for getaways, investment, and retirement. As the real estate market continues to grow, its value would grow with it. The peace of mind and security that comes with this knowledge is invaluable to anyone planning for the future.
Development
Aside from serving as personal investments, some properties lend themselves well to investment. More than just a house, larger offerings may come with spacious plots that can be further developed or repurposed into destination event spaces.
The San Ysidro Farmhouse in Sto. Tomas, Batangas boasts a 4-bedroom home located on a 1.5-hectare plot of land. The luxury country living doesn’t end there as it hosts luxury farm stays for events, with guests able to admire its assortment of fruit-bearing trees, herb and vegetable gardens, and various animals.
Regardless of one’s reason for purchase, every second home is a worthwhile investment that appeals to a certain lifestyle—that of the forward-thinking homeowner.
Whether you’re looking for a vacation retreat, an investment property, or a comfortable getaway, the expertise of Santos Knight Frank can make all the difference. Let our team guide you through the process with personalized insights and exceptional service, ensuring you find the perfect property to meet your needs.
Reach out to Santos Knight Frank today and take the next step towards securing your ideal second home.
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