Friday, November 10, 2023 By Jessica Hernández Sales Assistant at SILMEXICO  

The term second home refers to the additional property to your home in which you live daily, usually, this is located in vacation destinations, as it is used precisely for that, to vacation for short periods or recreational purposes. 

Besides being a place to escape from your daily routine, you can also take advantage of this property as a real estate investment, how is this possible? I will tell you below.

Since this second home is used only for short periods, weekends or for 2 or 3 months, the rest of the year is free and it is precisely at this time that you can rent your property also for short periods for all those tourists or digital nomads looking for temporary homes due to the flexibility that gives them to have a remote job. This will allow you to enjoy your home at the time you want, and earn a fixed income. Nowadays, with the arrival of Airbnb,, among others, this is easier. Now, if you are looking to rent for a little longer than 3 to 6 months, the ideal is to list the property on a portal or real estate company, which will be responsible for promoting it, searching and profiling customers, taking them to the visits, as well as administration tasks, so that you do not have to worry about anything but to receive your income every month.

Having a second home gives you many benefits, besides having a place to escape from your daily routine, you will have a fixed income, and the possibility of increasing the rent of the place the more equipped or amenities it has, also, because it is located in places of high interest for travelers, the capital gain will be assured every year.

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