Benefits of Owning a Second Home

Though there are choices galore for investment, buying a second home has emerged as one of the lucrative financial options. Real estate sector is a favourite of investors for its twin benefit of rental income and a high potential for value appreciation. Hence, owning a second home is a recommended option to secure your future.

Listed below are the few benefits of having a second home:

Steady rental income

One of the most obvious benefits of buying a second home is its steady rental income. The rental yield on a second home depends upon the category, the location and possibility of renting out the vacant units. If you are buying a home from Skyline Builders, who gives utmost importance to location, locality, amenities, etc. the potential for rental income is high. 

Investment

A second home can be considered as a safe investment for your future and emergencies. Real estate has the potential for value appreciation over a long period. But before investing in a second home, check the credibility of the home builder. If you are investing with Skyline Builders, you can easily find your second home in most sought after location with easy accessibility, proximity to all major convenience, serene and environment-friendly atmosphere. Skyline projects have recorded steady value appreciation

Skyline Builders has an impeccable track record of value appreciation. For instance, if you had invested 12 lakhs at the time of launch in Skyline Springfield Villas, Kochi, it would have appreciated to 2 crores now. To see the value appreciation of each project across Kerala click the link here https://www.skylinebuilders.com/appreciation-chart

At Skyline Builders, our dedicated Home Care Department provides, rental and resale services exclusive for our customers. The Home Care Department will arrange appropriate tenants and high-value rentals for the homeowners, while our highly skilled professionals help in getting the best deal for the property.

Also read, Major Financial Benefits of Buying Home at a Young Age

 Income tax benefit

If you are buying a second home on a home loan, you are eligible to avail tax deductions on it. Under section 80C, the principal amount repaid up to Rs. 1.5 lakh will be deductible. Additionally, you can get a tax deduction up to Rs 2 lakh, on the interest component. 

Holiday home/ Retirement home

Second-home can be used as either be a holiday or retirement home. If you are buying your second from a prominent builder, you will get a plethora of luxury amenities like swimming pool, games room, fitness centre, spa etc. that helps you to rejuvenate. Skyline Builders provides luxury amenities in all its projects. To see the details of luxury amenities of all ongoing projects, visit our website, www.skylinebuilders.com