When people think of the property market they often find it difficult to look beyond the traditional brick and mortar homes that they usually live in. After all, it is unlikely for many that they will ever need to consider anything other than their own home, unless they are considering buying a holiday home or other piece of property.
However, investors need to consider every type of property on the market in an effort to achieve the best possible return on their investments. Here we take a look at why you should consider investing in a log cabin instead of a traditional home when building your portfolio.
Great Vacation Home
Log cabins offer a rustic feeling that is just the thing that many holiday goers will be aiming to emulate when they head out on vacation, particular if they are looking to get away from it all for a while and spend some time out in the wild. A log cabin offers something completely different to a traditional home and allows them to properly escape from their regular routine for a while, which in turn means you can command more money should you wish to rent the cabin out. Of course, it also means that you have a place to escape to yourself, whenever you feel like it.
It Can Pay For Itself
We touched upon it in the previous point, but it bears repeating here - a log cabin is a much more desirable type of vacation home for a certain type of vacationer, which means you can charge more to have them staying there. This means that you can use the money you get back from the cabin to pay off any mortgage or other bills associated with it, often with a little left over to spend as well. This makes it a sound long-term investment and one that is going to start producing bigger chunks of cash in much less time than a traditional home.
It's Something Different
If you already have a portfolio crammed full of traditional homes, then you know approximately how much you are likely to make from each of your investments. However, having a varied portfolio can also have its advantages in terms of giving you a little bit of added experience in the market in addition to allowing you to offer something a little bit different to people should you aim to rent out. You may even find that many of the people who you currently rent traditional properties will be interested in hiring out your log cabin, simply because they know they can trust you. This means you may already have an in-built customer base waiting.
It's Cheaper To Buy
In the majority of cases, buying a log cabin will be cheaper upfront than buying a traditional home. While you will still need to make sure you take care of maintenance issues, ground rent and any other payments, they make for a ขายอาคารพาณิชย์ good purchase for those who are looking to expand their portfolio but currently have cash flow issues that are slowing them down.
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