Holiday home. Start looking today!

It often happens. We dream of holidays on a beach, by a lake or on ski slopes, and over time those dreams turn into a wish to buy that piece of paradise where we feel so good.

The holiday home market in Poland is developing, and this trend comes to us from Western countries. According to data from the National Association of Realtors, in the USA alone the number of holiday home purchases rose by 57% in 2014 compared with the previous year. And in 2013, 80% of investment buyers were determined to buy a new holiday property primarily as a haven for their family. However, acquiring this type of property can also be a lucrative business.

If you are motivated to buy a holiday home, here are a few steps you can take before you set out in search of your dream property:

Decide whether this place is to serve you and your family, or whether you would prefer to let it out

If you intend to recover part of the purchase and maintenance costs through letting, the property must be properly promoted, should have popular and desirable amenities, and perhaps even professional management.

Talk to an accountant about the potential tax benefits or liabilities connected with holiday lettings

Renting out a property is subject to specific tax rules, so it is worth finding out what additional charges there are and what can be deducted from tax.

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Location!

Homes near beaches and mountains usually attract more interested buyers or tenants than other locations. It is worth visiting your chosen location in all four seasons, because the atmosphere can change dramatically depending on the season. If you intend to visit a particular holiday home often, consider the distance between it and your place of residence – distance is always an obstacle.

Consider renting first, and only then buying

This approach gives you time to get to know the area where you want to buy a property. It is best to rent the very property you intend to buy, because then you will get to know all its drawbacks and advantages. These factors will let you gauge the property’s potential both for letting and for possible resale.

If you intend to buy a holiday home, contact the professional agents at the Katowice estate agency REMAX Gold to obtain detailed information and to find a property that will meet the expectations of both you and potential tenants.