MENU
fav-icon
 
Compare

Blog banner

Your Guide for Buying a Weekend Home

By LODHA 11 September 2020

In the recent years we have seen a rise in the demand for weekend homes and rightly so. Given the increased hustle and bustle of daily life in a city, there is a strong desire to break from the routine and seek relaxation.

Usually located within couple of hours drive from the city, these homes are set amidst nature and offer a refuge for you to recharge. While in the past, weekend homes were a luxury that could be afforded by few, in recent times we have seen rise of affordable homes in developments build as weekend destinations.

If you are looking to invest in a weekend home, here are few things you must consider.

What to look for in your weekend home?

Location matters the most

Location is considered as one of the most important elements for buying a home, even if it’s a weekend home. Apart from a continuous supply to basic amenities and necessary resources within vicinity, you should also concentrate on areas with appreciating costs. A development offering good connectivity, social infrastructure in the form of retail outlets, restaurants, and near to scenic tourist spot, will provide a good return on investment.

Never exceed your budget

Buying a property that puts a strain to your bank account is exactly opposite to the idea of a relaxing weekend home altogether. When considering the overalls of buying a weekend home, include its upkeep and maintenance costs in mind. Look for secondary homes with property management services that will take care of your house, even if you are not around. While it’s okay to start small, you can always upgrade in the future.

Look out for more than just a living space

When shortlisting your weekend home, consider all the development has to offer. Apart from your unit, look at the experiences that you can avail. For instance, at Lodha Belmondo, is a 100-acre luxury riverside resort with 90 acres of open greens and featuring a 45-acre golf course designed by golf legend Greg Norman himself. It also offers an extravagant 50,000 sq.ft. clubhouse, offers you every comfort of a global lifestyle, from an exclusive spa to a gourmet restaurant. Residences here have been designed to co-exist in harmony with nature and you can opt from a studio apartment to even a duplex or a villa, depending on your budget.

Go with a reputed developer

Make your purchase ideally with a reputed developer so that you can be certain of all elements like land title, construction permissions, construction quality, upkeep and management of the development in the long run. You may invest in a development that offers attractive lifestyle experiences but if these are not well managed in the long run, then it will defeat the purpose of buying the weekend house.

Be realistic with your needs and goals

You should be exceptionally sensible about the sort of home that suits your needs. Put significant energy in describing your requirements while looking for a weekend home. If you're looking for a retirement home, you may need to look for healthcare facilities around the area. If you are looking for a place to crash for the weekend, you could look for a location that is just about a day's drive from your current living place. 

Research the area for around the year

It's a smart thought to visit the zone where you intend to purchase your home during each season. In the case of coastal areas, the seashore might be lovely but during monsoons it not be ideal. Knowing the terrain and what to expect in each season is important to save any disappoint later.

Think before making the final call

It is necessary to evaluate the decision of buying a weekend home thoroughly. If you are spontaneous, you may end up with a weekend home that doesn't meet your requirements and becomes a financial burden for you. Therefore, be patient and locate a home that you can most relate with. You should search as much as you would like before finally making that down payment of taking over the keys to the new weekend home.

Similar Blog Posts

Buying-Guide

Ready-to-move-in vs. under c...

BY Lodha
04-06-2020

One of the most common dilemma you face when buying a house is whether to invest in a ready-to-mo

TAGS

Residential
Buying-Guide

What Should You Do With The ...

BY LODHA
06-06-2022

<

TAGS

Buying-Guide

Guide for NRIs to invest in ...

BY LODHA
21-07-2022

The Indian real estate industry is expected to grow to a $650 billion business by 2025. This also

TAGS

Buying-Guide

Smart Cities: Digital Transf...

BY Lodha
15-07-2020

World over, there are several cities that are transforming themselves and providing better lives

TAGS

Buying-Guide

Why Should NRI Invest in Rea...

BY LODHA
21-07-2022

Working abroad usually means a great paycheck. A large portion of the paycheck is usually left fo

TAGS

Buying-Guide

Why Invest in Real Estate?...

BY LODHA
29-07-2020

From an asset allocation perspective, experts advise that one should spread out their investments

TAGS

Buying-Guide

Mumbai – top destination f...

BY LODHA
25-08-2022

Mumbai is the capital city of Maharashtra and a city that is the land of dreams. It is known for

TAGS

Buying-Guide

Things to consider when choo...

BY LODHA
07-08-2020

Once you have zeroed in on the property that matches with your preferences of a developer, budget

TAGS

Buying-Guide

The Tax Benefits of Taking a...

BY LODHA
16-09-2022

Owning a house is a dream for almost everyone. And to help people realise this dream, the state a

TAGS

Buying-Guide

Know How to Calculate Home L...

BY LODHA
21-08-2020

Thanks to several government initiatives like reduction in stamp duty and other tax benefits, the

TAGS

Buying-Guide

Why Should NRIs Invest in a ...

BY LODHA
21-09-2022

Indians always preferred investing in real estate, and with the sector in India reclaiming its po

TAGS

Buying-Guide

THE BEST GIFT THIS FESTIVE S...

BY LODHA
26-09-2022

TAGS

Buying-Guide

Benefits of Buying a Flat in...

BY LODHA
02-11-2022

For many, the idea of buying a flat in the heart of Mumbai is the ultimate fulfilment, but most h

TAGS

Buying-Guide

Understanding ‘Floor a Spa...

BY LODHA
23-12-2022

A first time new homebuyer is faced with lots of jargons, which are seemingly technical in nature

TAGS

Buying-Guide

New GST rates – Explained...

BY Lodha
08-03-2019

The Goods and Services Tax Council has proposed a reduction of the taxes levied on under-construc

TAGS

Commercial
Buying-Guide

6 Reasons why you should inv...

BY LODHA
24-01-2022

Real estate as the name alludes to is “real”. A tangible asset, it provides a sense of stabil

TAGS

Buying-Guide

Trends in Real estate 2022...

BY LODHA
01-02-2022

The real estate market saw a fantastic 2021. Rising knowledge about the need for more space, heal

TAGS

Buying-Guide

4 Mistakes To Avoid While Bu...

BY LODHA
15-02-2022

Buying a home is akin to fulfilling a lifelong dream for most people. Since it’s a huge investm

TAGS

Buying-Guide

Things to Look Out for When ...

BY LODHA
10-04-2020

The process of home buying has undergone a sea of change for the better. Today, you will find the

TAGS

Buying-Guide

6 Ways You Can Save Money Fo...

BY LODHA
21-04-2022

Having an own home is a dream of many. It is often considered as a sign of stability. Buying a ho

TAGS

Buying-Guide

What are Homebuyers Looking ...

BY LODHA
12-05-2022

In 2021, the Indian residential sector made a solid comeback, with house sales in the top seven c

TAGS

Buying-Guide

Integrated Township – All ...

BY Lodha
03-07-2020

A well-developed township offers a plethora of advantages – a great community, better quality o

TAGS

Buying-Guide

Why it is Always Better to G...

BY LODHA
23-09-2020

W

TAGS

Buying-Guide

Top 5 Reasons Why You Are Ri...

BY Lodha
18-12-2020

COVID-19 has undeniably made us realise the value of having a home for our own. On the other hand

TAGS

Buying-Guide

Lodha - Building A Better Li...

BY Lodha
01-04-2022

We have stringent anti-corruption, anti-bribery and anti-money laundering polices at Lodha. 

TAGS

Buying-Guide

All You Must Know About Avai...

BY LODHA
07-05-2020

Home loan is by far the most common type of loan that’s availed by individual

TAGS

Residential
Buying-Guide

Buying a House Post Covid? 5...

BY Lodha
29-05-2020

The COVID pandemic has brought about sweeping changes in our lives. It has compelled us to view t

TAGS

Buying-Guide

Tips to Repay Your Home Loan...

BY LODHA
03-04-2020

Despite the recent reduction of interest rates on home loans by most banks and NBFCs, the burden

TAGS

Buying-Guide

COVID-19 has Led to the Grow...

BY Lodha
25-11-2020

The 2020 coronavirus pandemic has made nations across the world execute lockdowns and social dist

TAGS

Buying-Guide

Ideal Age To Buy A Home- Sho...

BY Lodha
20-03-2020

Owning a home continues to be a priority for most Indians. However, this is step is generally tak

TAGS

Buying-Guide

Choose A Branded Developer &...

BY LODHA
27-03-2020

Akin to the way brands are preferred while buying utilities, developers who have established as a

TAGS

Services

Property Type

    Location

     

    Configuration(BHK)

      Budget (Approx.)

      Possession