Owning a luxury villa, quite often a second or third home or 'holiday home' as they are more often called, is a privilege enjoyed by a small percentage of successful people. People buy super luxury villas away from the cities for reasons ranging from weekend getaways to investment opportunities, to places to entertain friends a couple of times a year.
If you're thinking of investing in a luxury villa, it can be tough to know where to start. Not only should you look for the perfect property and setting, but accessibility and other concerns such as future value should also be considered. Here is a quick overview of the things you should keep in mind when you're looking to buy a property like this.
Why are you buying it?
The very first question you should ask yourself when looking for a dream luxury villa in Goa or anywhere else is - what do you want the property for? Do you see yourself visiting it every few months when you need some time off? Or do you think you'll visit it only once a year? Or maybe…you just want to buy it as an investment and put it up as a super-exclusive rental. If you are looking to stay most often, then buy according to your tastes and preferences. However, if you are buying as an investment, then it makes sense to buy a property that is in an area you may or may not like personally, but where the prices are escalating steadily, and also a place that receives enough tourist attention in case you want to put it up as a boutique rental property. In a place like Goa for example, you will not only find pockets of solitary bliss, but also a lot of tourists and nightlife – making it an ideal investment place for a holiday home.
Who will be visiting it most often?
Always remember- a property should be decorated in a manner that caters to the comforts of its most frequent visitors. If that's going to be you, then do it up your way, but if it's going to be guests – make sure that the property is guest-friendly.
What do you want from your property?
Have you always fancied the thought of owning your own little orchard of fruit trees, or spending your free time engaging in some botanical therapy in your very own garden? Then look for villas built on fertile land. But if stunning views matter to you the most, then buy one overlooking the sea or with a beautiful hillside or riverfront view.
What is the best possible area to buy in?
Ask yourself how you envision spending your time while you're there. Do you fancy solitude? Or do you love hitting the nearby lounges and clubs every once in a while? If you enjoy spending time alone then a blissfully secluded villa is fine, but if you're the social sort, then always buy a place with good connectivity to the nearest city!
What is the connectivity like in the area?
Consider connectivity of all kinds – transport, mail services, home delivery services and most importantly – telephone and Wi-Fi connectivity! It would be terrible to invest crores on your dream villa only to find out that nobody passes through there and you're stuck without a working mobile connection too!
Is the area peaceful enough?
The whole point of a luxury “holiday home”, is to have a serene nest to get away from the hustle bustle of city life. Therefore, it is vital that your property be built in a generally peaceful area away from honking cars and fumes, or the incessant sound of construction and drilling!
Does it have all the facilities you'd want on a holiday?
The whole point of kicking back in your own luxury nest, is to have the feel of an opulent resort-like holiday, even whilst at home. Therefore, when putting your money into an expensive property, consider the beauty of the villa itself - its interiors, lifestyle facilities and if furnished - the aesthetics and quality of the décor.
Does it have enough room for larger gatherings?
In India, holidays mean family and friends! Therefore, make sure that your new villa is spacious enough and built to cater to lots of people staying over. Functionalities built around social gathering are a must for example outdoor barbecue areas, lounge areas around the swimming pool and viewing decks with enough space for multiple people, to name a few.
Who are your neighbours?
And finally we arrive at an often under looked but all important question – what kind of people are living around you? When buying a luxury property, it is all-important that you buy your property in an area where likeminded people are staying, or you may find that despite having a fabulous holiday home, you have very little peace of mind!