Four things to consider when buying holiday home

Superior Homes Kenya Head of Sales, Clive Ndege.

With the easing of the Covid-19 restrictions, more Kenyans are opting for staycations and international visitors are coming to the country too. So it makes sense to select a holiday home in a location that is easily accessible and close to other tourist attractions.

Popular spots in Kenya could include Mombasa, Kilifi, Lamu, Nanyuki, and Naivasha.

  1. Rental demand

In addition to enjoying your vacation home yourself, you'll likely want to rent it out when you are not using it. To do this, it is important to ensure that there is a demand for holiday properties in the area, both during and outside of peak season.

You may need to consider having a property manager if your holiday home is distant from your primary residence, in order to maximise your investment. This will afford you the peace of mind to focus on other things in life.

  1. Maintenance

It is essential to take into account the cost of upkeep and maintenance of the holiday home. This includes both repairs and replacements, in order to protect the property from wear and tear.

Creating a good experience for guests can be challenging, with regular changeovers and the need for upkeep. Therefore, it is important to consider all of these factors when making the decision to buy a holiday home.

Rather than taking care of the maintenance of the property yourself, you may choose to outsource it. In that case, the property manager will get a percentage of the rental income as a fee.

  1. Consult real estate expert

It is recommended to consult a trustworthy real estate professional prior to investing in a holiday home. Make sure to conduct your research properly, as you would with any other investment when considering a holiday home.