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An item that is on my bucket list and something that Mr M and
myself have been considering over and over again is the possibility of buying
another property to keep as a holiday home. We both adore holidaying in
England, we love spending time by the coast with our children and the dream of
having another home where the children will be able to go as they grow up
(perhaps with their own children one day) is something I often have a little
whimsical dream about. A holiday property could also be (potentially) a great
investment for the future, and as I’m seriously lacking in retirement plans,
we’d definitely consider letting it as a rental. For some reason I am quite
excited at the prospect of running a holiday let, albeit long distance!
One of the first stages of our plan is location – we just
can’t settle on a place but do have a shortlist, which includes Norfolk,
Dorset, Devon and Cornwall. That really
narrows it doesn’t it? The second stage
is looking at mortgages and
working out whether financially it could be reality or it should remain just a
distant dream. I mean in my head, I can
make it work but in reality? Who knows?
There’s also the fact that I am a bit scared at the prospect
of taking on another large financial commitment, although mortgage rates are so
much lower than when I last bought a house, what if our situation changes? It’s
nice to sometimes just have a dream and I tend to spend a lot of time
procrastinating, looking at pretty cottages on the Internet and daydreaming
about what colours I’d paint the walls.
Then I worry that we’d feel like every holiday had to be taken at the
holiday house, seriously restricting my need and desire to explore new places.
Whilst looking at interiors and endless pictures on property
websites is a lovely way to waste a few hours, it’s not ever going to help the
dream become a reality and it’s probably coming to the time where we have to
put up or shut up!
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If I could do it, I'd go for it! It would be amazing for family holidays in any of the places you are thinking of. We used to have holidays at Salcombe in Devon which is just idyllic. Good luck with your plans!
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ReplyDeletecan’t settle on a place but do have a shortlist, which includes Norfolk,
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