A second home is just right for you

Five reasons on why you should buy a second home?

Before buying a second it is important to understant on what is a second home. A second home is a residence that you intend to occupy for part of the year in addition to a primary residence. Typically, a second home is used as a vacation home, though it could also be a property that you regularly visit, such as a condo in a city where you frequently conduct business.

1. Long term Investment Strategy

Land should always be part of a long term Strategy, ideally any investment should be that way. Otherwise it ends up more like gambling which could be detrimental to you. With cities becoming crowded and difficult to live plus the side effects of polution. Beautiful second home are a good way to get away from the daily hustle bustle.

2. A retirement House

A retirement house has always been part of the Indian culture. With couples after settling the kids move to Vanprasth Ashram. Possibly that is the time you spend your later half of life in the nature relaxed and away from materialistic desires.

3. Vacation Rental House

A second house can always be used as a rental property by the time you retire or even lease out part of it during retirement. So pick a place which is beautiful and located near mountains, sea ,deep forest, foothills of matheran, wildlife, etc. With services like airbnb available it becomes even easier to manage. So earn till you retire and earn later too.

4. Family time and fun time

A second house is for fun time and family time. You can plan vacations and even do events in your second house with friends and family. So not only your financial wealth goes up but as well as your Emotional wealth.

5. Reverse rental possibility is possible too

You can do reverse rentals - rent your city house and go live in your second house. That way you may take out your cost of living and effectively live free in your second house.

To sum it up a second house has many advantages which you may like to consider while investing in future. You may research for companies that are in second home projects like The house of Abhinandan Lodha (Hoabl) for their projects like CelebrationLand - foothills of matheran

Five reasons on why you should buy a second home

some precautions to be taken while purchasing land

Emotional Wealth is the key to your life

According to Carol Tuttle, CEO of Live Your Truth, LLC and author of the upcoming book Mastering Affluence: 6 Lessons to Create a Life You Love, emotional wealth is all about establishing a "deep-rooted sense of peace and joy" in your everyday life, without relying on financial means to bring you that joy. While no one is refuting the fact that financial security is not critical and does not impact your happiness.

1. Health Benefits

According to research conducted by Gallup, an analytics and advisory company based in Washington, D.C, people who “always make time for regular trips” had a 68.4 score on the Gallup-Heathway’s Well-Being Index, in comparison to a 51.4 well-being score for those who didn’t travel frequently. Going on holiday with your loved ones improves your mental and physical health.

2. Better Sleep Quality

Did you know that people can improve sleep quality by up to 17% during vacation? A better sleep ultimately impact you positively. To cite a few benefits: Think more clearly and do better in school and at work Lower your risk for serious health problems, like diabetes and heart disease Get sick less often, Get along better with people Stay at a healthy weight, Reduce stress and improve your mood The research by Kuoni Travel and Nuffield Health also showed that the “holidaymakers” sleep quality improved by 34 points, why the sleep quality of the “stay-at-homers” decreased by 27 points.

3. Family Bonding

Spending time with your loved ones (family and friends) has been associated with better family bonding. Children whose parents spent more time with them end doing better at school as well as end up doing better in their higher studies. Instead of the parents who spent time on their own hobbies according to a study published on familyfacts.org.

4. Children grow and move ahead - What is left are memories

Spending time with your loved ones (family and friends) help creating memories and in todays life where everyone is associated with a phone that has a camera storing them has even become easier. Positive memories are beloved possessions that give family members a sense of belonging and can help reinforce the importance of family.

What is a second Home