Is it worth investing in holiday homes?

Advantages of owning a holiday home

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1. A personal retreat: One of the main advantages of owning a holiday home is having a personal retreat - a dedicated place to unwind and escape to without worry. Unlike holiday lettings or rentals, ownership guarantees peace of mind, with freedom to check-in or out at any time, and confidence in the amenities and facilities you’ll be presented with on arrival.
   
2. Property value appreciation: In Europe’s holiday hotspots, real estate typically appreciates over time, and vacation homes in desirable locations can see significant value increases. This makes them a smart, long-term investment that grows in value.
3. Part of the community: Owning a holiday home means becoming a part of the community that surrounds you. Whether making friends with your neighbours or simply seeking out your favourite local coffee spot, the connection with the destination grows

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Things to consider

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1. Location, location, location: The location of a holiday home is crucial. Not only is ease of access essential from your local airport, but it’s also worth considering local transport links and proximity to local amenities and services, depending on your desired travel style.
   
2. Look to the future: Will your travel desires of today match your travel desires of tomorrow? Do you have a growing family? Are your children soon to fly the nest? When considering the size and style of your holiday home, it’s important to look to the future, ensuring the home will suit your short and long-term travel needs.
3. ‍The paperwork: Both financially and legally, owning a second home is a big commitment. A clear understanding of any associated costs and obligations in addition to the initial purchase price is key. Think taxes, maintenance fees and ownership regulations.

Co-own five homes with August

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August offers a unique co-ownership model designed to help you fulfil that dream. How? By acquiring, designing and renovating five homes in five destinations across Europe and inviting you to become a co-owner of all of them, alongside a group of other like minded individuals with a shared love of travel. Taking care of all paperwork and ongoing maintenance, all that’s left is for you to arrive, unpack and enjoy. 

Here are just some of the reasons that buying a second home with August makes sense…

1. Hassle-free holidays: From the moment you start your August journey, our Advisors are there every step of the way. From acquiring, renovating and maintaining the homes, to helping with contracts, taxes, and insurances.
   
2. Access to premium properties: Co-ownership can grant access to premium properties in prime locations or homes that might be out of reach for a single owner. In the case of the August model, this extends to being able to own up to five homes in five destinations for the price of one. Discover more about our Collections here.
   
3. Flexible usage: With the bespoke August booking system, trips can be planned effortlessly, with owners able to enjoy up to 20 weeks per year (based on low season bookings).
4. ‍Part of the family: With local Experts based in every destination, joining August gives access to a blackbook of regional recommendations, alongside the support you need around the clock. Meanwhile, you also gain access to a growing community of August Homeowners around the globe.

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Investing in a holiday home in Europe, especially through co-ownership, can offer numerous benefits, especially for those seeking somewhere to reconnect with family and friends for generations to come. With so many considerations, our Expert Advisors are on hand to help you effortlessly navigate an otherwise difficult landscape, so you can make an informed decision. Schedule a call with them today to start the process to holiday home ownership in Europe.