Second Homes: A Safe Workation Spot Post Covid

 

A recent look at the real estate market would show a sudden decline in the want of homes in urban cities. The reasons for this downward trend can be many, the foremost being the onset of a pandemic. Covid has made people dread crowded places and wanting a grand lifestyle in some isolated destination. While the other investments in the real sector have observed a decline, one category that has seen an upsurge is second homes.  Second homes have been in demand ever since the lockdowns, among the urbanites. Most working professionals are now working from home and therefore want to shift to a place that is lesser infiltrated with the town crowd, has all major amenities, and is preferably located in a holiday destination.

Holiday destinations which are close to the cities, for example, if in Mumbai, places such as Karjat, Lonavala,  Matheran, Bhimashankar, etc has gained a lot of interest from the city dwellers. A peaceful location amidst the hills, with cool wind blowing, through the woods, such locations not just serve as a  holiday destination anymore, but have emerged as WORKCATION spot. A drive through the beautiful lanes of these serene locations and you are sure to spot a ‘FOR SALE’ board hanging on the doors of bungalows and villas in the area.

Second-home investments have by far been a profitable deal due to quite many reasons. There are several types of second home investments one can make around Mumbai, such as resort homes in Karjat, farmhouses in Karjat, or Bhimashankar. The onset of the pandemic has made many offices declare work from home a necessity and people have been using this to their maximum advantage. An investment in a second home or resort home close to their original home makes it very easy to travel to and fro in case of emergencies and live life out of a holiday. To top it all the luxuries you can enjoy in the amount invested is incomparable to the city houses.

Second homes are cost-effective and turn to be a great source of earning passive income for these individuals. As when away, the property can be rented out to tourists visiting the place and thus make earning out of the property a convenient affair.

A new concept that has excited realtors and investors alike in the second home category is resort homes. Resort homes are resorts whose suites and villas are put up for sale and can be owned by individuals for a lifetime. The advantage of owning resort homes in Karjat is that these homes are maintained and taken care of by the resort authorities. All that an owner needs to do is pack their bags and reach the destination. The resort properties offer a lavish lifestyle with amenities like pools, spas, gyms, etc in most of them, making work from home a vacation-like experience. The properties are also located in a gated community, hence safety is guaranteed in these isolated locations.

The choice of investment whether it be purchasing a city apartment or a second home in the picturesque locations solely depends on the investors. However, the want of a luxurious and spacious living with all the amenities in place surely makes the deal a tempting one.