A Sound Choice of Second Home Investment: Farmhouse near Mumbai or Resort Homes

 

As it is said, real estate investment without critical thinking is like buying a piece of land that would turn out to be a liability rather than an asset. Of late, a sound real estate investment is one which along with earning huge returns on investment also provides luxury and amenities. The locked-up apartment life in the cosmopolitan and metro cities of India has made people wanting to live in a place that is bigger and gives them a space to breathe. A small garden in front of the house and some pace and calm is what city dwellers are now looking for. Such properties mostly serve the purpose of a second home, a holiday home somewhere close to their regular city home. Forms of luxury, these homes are the best when wanting to take a break from the regular. The urbanites have for long adopted the option of the farmhouse near Mumbai as their choice of second home investment. However, a recent trend that's been observed is resort home. 

Resorts in the form of second homes are a new trend in luxury. For those who are new to the concept, resort homes are rooms and suites in a resort property that have been open for investment and also are a source of generating passive income. A choice however to make is whether to opt for a farmhouse or resort home as a second home projects in Karjat. Resort homes have spiked a large interest among folks than any other farmhouses near Mumbai.

 The following reasons would give you a better picture of why:

1.      Zero Cost on Maintenance:  When you are investing in a resort home near Mumbai, the maintenance costs are NIL. Why? Because these properties are maintained and looked after by the resort authorities. Unlike farmhouses where from a simple tap leak to withering paints would have to be taken care of by you, financially and otherwise; when you own a resort home the entire cost of maintaining your property and looking after it is the responsibility of the resort authorities.

1.      Rental Income: Resort homes are majorly located in a picturesque location where there is a large influx of tourists. This serves as a booster point, as there would be large bookings on the properties which means greater rental income for you. Your property can be sublet to other guests while you are away, thus a major source of earning passive income. However, when you opt for a farmhouse settlement, it becomes your job to get guests to stay at your place.

1.      No Added Expenses: When investing in a resort home, you get a fully furnished suite or villa at your disposal. There isn’t any building or décor cost that comes with a resort home, unlike farmhouses where you might have to lay the foundation and design your home on your own. The cost, therefore, gets minimized, and thus urbanites these days are finding resort homes more economical.

1.      Higher ROI: Many resort homes near Mumbai are seen offering a great deal on their properties. For example, Sanskruti Suites and Resort, a beautiful resort located in Karjat offers a great deal on their resort properties. Any person investing in the property gets a share in the income generated by the resort and also appreciation on their property. However, when you opt for a farmhouse near Mumbai, the only ROI you get is the appreciation value of your property.

Second homes near Mumbai, Pune, Delhi, etc have seen a massive increase in demand lately especially after the pandemic. However, whether to choose a farmhouse or resort home as the choice of investment depends on the likes and needs of the concerned.