Exploring The World While Investing In It: The Vacation Property Guide

Mar 1, 2024

Last Updated on: Nov 20, 2024

Travel Guides

In today’s world, where wanderlust meets savvy investment strategies, there’s a growing trend among travelers and investors alike: vacation properties. This unique approach not only satisfies the urge to explore new destinations but also presents a prudent financial investment through the acquisition of real estate. Here’s how blending the love for travel with the intricacies of mortgages can create a rewarding venture.

Why Consider Vacation Properties?

Vacation properties serve dual purposes; they are a getaway retreat for you and your family and a potential source of income through rental. In picturesque locales, from the sandy beaches of Bali to the quaint villages of Tuscany, these properties beckon with the promise of adventure and the allure of financial returns.

Why Consider Vacation Properties?

Investing in a vacation property has a lot of benefits. The first thing is, as mentioned above, it is an amazing source of passive income. When you rent out the property, you get back substantial returns, especially during the peak seasons.

Moreover, vacation rentals have higher rental rates as compared to long-term rentals, which gives you more revenue. Along with the financial benefits, when you own a vacation rental property, you get to spend a lot of time enjoying your personal vacations as well.

You can spend a lot of time on your own property when the place is vacant. You get to enjoy all the amenities you have set for others.it is a perfect relationship between investment and vacation home.

Understanding the Mortgage Process for Vacation Homes

Understanding-the-Mortgage-Process-for-Vacation-Homes

Investing in a vacation property often involves navigating the mortgage landscape, which can be daunting for both seasoned investors and first-time buyers. The process entails several unique considerations:

  • Interest Rates and Terms: Mortgage loans for vacation homes may come with different interest rates and terms compared to primary residences. Lenders often view these properties as higher risk, which can influence the loan conditions.
  • Down Payment Requirements: Typically, vacation homes require a larger down payment, sometimes as much as 20-30% of the purchase price, reflecting their status as luxury or non-essential purchases.
  • Rental Income Consideration: If you plan to rent out your vacation home, lenders might take potential rental income into account, which can aid in qualifying for a mortgage. However, this requires thorough documentation and, sometimes, previous landlord experience.

The Joy of Travel and the Wisdom of Investment

Owning a vacation property allows you to immerse yourself in your favorite destinations. Whether it’s a ski lodge in the Rockies or a beachfront villa in the Caribbean, these homes offer a personal escape with the warmth and comfort of your own space. Beyond personal enjoyment, these properties can be rented out to vacationers, providing a steady income stream that can offset mortgage payments and maintenance costs.

Navigating Challenges and Rewards

The journey of buying and owning a vacation property is not without its challenges. From managing the property remotely to understanding local real estate laws, it requires diligence and research. Yet, the rewards can be substantial. Not only do you enjoy personal retreats in beloved locales, but you also stand to gain from property appreciation and rental income.

A Call to Adventure and Investment

As we navigate our world, the concept of investing in vacation properties presents a compelling blend of adventure and financial prudence. It embodies a spirit of exploration, not just in the sense of travel but in the realm of financial growth and stability. For those bitten by the travel bug and those seeking to expand their investment portfolio, vacation homes offer a horizon worth exploring.

Factors you should consider while choosing the location of the property

Factors-you-should-consider-while-choosing-the-location-of-the-property

Picking the correct location for your vacation rental property is essential. Here are some of the crucial factors that you should consider:

Factors you should consider while choosing the location of the property

Picking the correct location for your vacation rental property is important. Here are some of the important factors that you should consider:

Local attractions and tourism demand

How successful your vacation rental property is going to be depends on the demand of the place. Before you invest, check for the popularity of the place among travelers. Identify the local attractions that are drawing the visitors to itself.

Consider the things that are making the place popular. Whether it is their cultural heritage, its natural beauty, or how close the place is to the popular destinations. Properties that are close to tourist spots or close to vacation destinations have a tendency to attract more renters.

You can choose coastal destinations, urban hotspots, ski resorts, historical and cultural sites, and some emerging destinations.

Along with the well-established vacation sports, the emerging destinations are a good investment.  Look for places that are rapidly developing; they have high potential for getting you a high rental return.

Rental and seasonality demand

Having a good understanding of the tourist season in the place is important. Research about the holidays, special events, and the peak tourist seasons that will take the rental demand to the next level.

If the location is such, which has a year-round demand, it is going to get you a consistent source of income. But if the property is in a seasonal location, then you might get fluctuations in the rental bookings.

Regulatory environment

Before you get a vacation rental property, it is important to know the regulatory environment of the location. Some countries and cities have specific rules and regulations regarding short-term rentals.

Get yourself familiar with the restrictions and local laws to make sure you abide by all the regulations. Try not to ignore the legal aspects, as that could land you with a penalty or even cause your rental business to close.

Amenities and infrastructure

Think about the accessibility and proximity of the essential infrastructure as well as the amenities. Choose an area that has good transportation links, restaurants, shopping centers, and entertainment options.

Guests always prefer properties that are convenient and have easy access to the services and local attractions. 

Final Thoughts

conduct thorough research, consult with real estate and financial professionals

Before embarking on this journey, it’s crucial to conduct thorough research, consult with real estate and financial professionals, and consider all aspects of the investment, including the potential need for a mortgage. With the right preparation and mindset, owning a vacation property can be an enriching experience that combines the joys of travel with the benefits of real estate investment.

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Shahnawaz is a passionate and professional Content writer. He loves to read, write, draw and share his knowledge in different niches like Technology, Cryptocurrency, Travel,Social Media, Social Media Marketing, and Healthcare.

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BY  Sibashree Oct 29, 2025

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The aroma is faint, but it lingers just like the most beautiful melody of a flute. My mastic harvesting tour was already set, and the experience I had will stay with me forever. We talk about environmental protection and sustainability. The people of Chios practice it in their lives.  Nevertheless, along with the mastic harvesting tours, attending the weaving workshops, pottery classes, and distillation plants were the best local experiences in Chios. I also enjoyed my time at the local tavernas.  1. Mastic Harvesting Tours In Mastichochoria Pyrgi, Mesta, or other villages in the south are ideal for farm tours. These have cooperatives and farms, where harvesting takes place during August and September. I was lucky to be in Chios in August.  The farmers here “wound” the trees so that they weep, and the tears are collected. 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In fact, this knowledge of cultivating mastiha has been identified as an Intangible Cultural Heritage of Humanity by UNESCO.  Mastiha gum has anti-inflammatory properties, it helps heal wounds, and it improves oral health and the digestive system.  However, mastiha is not the only herbal ingredient grown here. The region also has chamomile, sage, thyme, and oregano. Furthermore, Souma, a traditional fig-based spirit is a crucial element in the wellness tradition of mastic oil and mastiha, the signature of Chios.  2. Holistic Healing In Chios  The holistic healing facilities in Chios include meditation sessions near Mavra Volia beach. Furthermore, you can look for yoga retreats in secluded coastal villas and thermal spa visits in nearby Volissos.  Away from the crowd, the thermal spa visit near Amani was the ultimate rejuvenation for me after a busy day.  Cooking Classes And Culinary Tour In Chios, Greece I visited a cafe called Citrus Memories inside an old estate near Chios town. They served a citrus drink made with local fruits grown in Kampos.  The juice was not very sweet. In fact, the hint of bitterness in the drink was the kick. The garden of the old estate had orange trees and stone walls around. So, it was like being in a different era.  The citrus smell of the oranges offered the most refreshing olfactory experience, while the sound of cicadas was somehow felt healing. This was one of the best experiences of food and beverage in Chios, Greece.  1. Mastic Liqueur Tastings I tasted mastic liquor at a local taverna in Mesta. My guide told me that having the mastic liquor after food helps with faster digestion.  The one I tasted had just the right hint of anise. However, it did not overpower the drink's citrusy finish. The texture of the drink was clean, and it cleansed my palate.  2. Cheese-Making Workshops I took a guided tour of the Sinanis' family's traditional cheese workshop. You will notice a wonderful fusion of modern and traditional techniques in cheese-making. Furthermore, you will get to taste their cheese along with other local produce.  3. Traditional Bread Baking In Wood-Fired Ovens Making bread in wood-fired ovens is one of the most cherished culinary traditions of Chios. I was fortunate enough to visit the Klossas bakery in the village of Volissos.  Started in 1955, it is still run by the same family. The setup still has a traditional setup without windows, and they bake a limited variety of bread.  4. Farm-To-Table Cooking Classes With Local Chefs Many local chefs organize a farm-to-table cooking class using locally produced olive oil, citrus fruits, and seafood. I learned to make ipovrihio, a special sweet made using mastic. It is a flavored sugary paste served in cold water.  5. Festivals Celebrating The Food Of Chios  I was lucky enough to be in Chios in the month of August. 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The ancient poet of the Iliad and the Odyssey.  Steeped in mythology, the place looks over the sea. It offers moments of quietude and looks the most beautiful during the sunrise hours.  • Anavatos Ghost Village  The location of the Anavatos Ghost Village on a sheer granite cliff itself looks surreal. Also known as the “Mistress of the Wind,: Anavatos has been lying vacant since the 1822 Chios Massacre.  I was walking through its alleys just before the sunset hours, and I felt history coming alive and the island celebrating its resilience at the same time.  • Phanai Archaeological Site  The Phanai Archaeological Site is at the southern tip of the island. It has the ruins of an ancient temple dedicated to the God Apollo.  This site does not receive many visitors. So, exploring the remnants of the Hellenic civilization was quite thrilling. The beautiful coastal views add to its appeal.  • Byzantine Churches  Everyone talks about the UNESCO-listed Nea Moni Monastery. However, in search of something lesser known but equally meaningful, I reached Byzantine churches in the mountain villages of the north. These offer stunning iconography and architectural details, often overseen by a single, welcoming caretaker ready to share local lore. Interactive Cultural Places In Chios, Greece If you are traveling with your family, you can explore the following interactive cultural places. These are ideal for multigenerational tourists.  1. Chios Mastic Museum Hours Open: 1st March to 15th October (10 AM to 6 PM) and 16th October to 28th February (10 AM to 5 PM) Entry Fee: Standard Ticket - €3, Concession Ticket: €1.5, Free on Specific Days Such as 18th May, 5th June, and the Last Weekend of September View this post on Instagram A post shared by Çeşme - Chios Ferry Tickets (@sunrise_lines) The Chios Mastic Museum celebrates the tradition of mastic production, an intangible UNESCO heritage. Located in the Pyrgi Village, the museum is inside an eco-friendly building.  This museum focuses on the uniqueness of mastic as a versatile product. Further, it shows how cooperatives have played an important role in the production of mastic products in the recent past.  2. Chios Castle Hours Open: 8 AM to 3:30 PM (Tuesday Closed) Entry: Free View this post on Instagram A post shared by Nazli Usta Lazaris (@yunanistandannotlar) Located in the north of the town center, Chios Castle used to be the fortified core of the town, starting from the Genoese period. Spanning over an area of 180,000 m2, the castle is still inhabited.  3. Giustiniani Palace Inside the Chios Castle, the Giustiniani Palace was the headquarters of the Genoese administration. As a museum, it holds archaeological and art exhibitions.  4. Chios Archaeological Museum Hours Open: 8 AM to 7 PM (Closed on Mondays in Winter) (Temporarily Under Renovation) Entry Fee: 10€ The Archaeological Museum of Chios has art exhibits from the Neolithic period to the Roman era. Furthermore, sculptures from the Prehistoric settlements, coins, inscriptions, mosaics, and more are exhibited in the museum.  5. Chios Maritime Museum Hours Open: 9 AM to 2 PM (Tuesday, Wednesday, and Thursday) Standard Fee: €3.00 Concession Fee: €2.00 Nestled in a neoclassical building, Chios Maritime Museum celebrates the rich maritime history of the island. It has nautical artifacts and ship models.  Beaches In Chios, Greece  Agia Dynami will always be my favorite with its calmness and the absence of any loud beach amenities.  However, Mavra Volia is a more touristy one, with its dramatic black pebbles and sapphire water.  Elinda Beach is another beach on the west of the island. It has a hidden cover, and it is famous for amazing sunset views of the Aegean.  A 5-Day Itinerary In Chios, Greece They say that 3-4 days are enough in Chios. However, for me, even the five days I spent here were not enough.  This is how I spent the days. DaysActivitiesDay 1• Mastic Harvesting Tour• Pottery Class in Armolia• Sea Kayaking near Mavra Volia• Attending the Souma Festival• Dinner at a TavernaDay 2• Early Morning Swim in Agia Dynami• Exploring Pyrgi and its Weaving Scene• Visiting the Mastic Museum• Visiting the Phanai Archaeological Site• Attending a Bread Baking ClassDay 3• A Trip to Daskalopetra and the Byzantine Churches• Visiting the Chios Castle• Exploring the Anavatos Ghost Village before Sunset Hours• Feasting at the Amateur Fishermen's Festival • An After-Dinner Stroll and Getting Lost in the Alleys of ChiosDay 4• Visiting the Chios Archaeological Museum• Mountain Biking near Kambia• Attending a Soap Making ClassTaking a tour of the Sinanis' Family's Traditional Cheese Workshop• Back to Chios in the Evening• Thermal Spa Visit near AmaniDay 5• Attending A Farm-to-Table Cooking Class• Collecting Olive Oil and Mastic Products• Off to the Airport Things To Remember For A Trip To Chios, Greece Here are some essential things you need to keep in mind for a trip to Chios, Greece.  Family Travel Tips• Visit shallow beaches like Agia Fotini• Choose kid-friendly tavernas with playgrounds.• Visit interactive museums and farms Eco-Tourism & Sustainability Tips• Stay in an eco-lodge• Visiting the Amani Forest and its protected eco trailsEco-Lodges and Sustainable Travel• Mastic Eco Retreat• Volissos Earth Homes• Amani Forest CabinsPhotography Spots & Sunrise/Sunset Locations• Sunrise at Daskalopetra• Sunset over Volissos Castle• Colorful alleys of Pyrgi• Black pebble beach of Mavra Volia• Panoramic views from Anavatos How To Reach Chios, Greece?  You have to reach Chios by air or sea. Here are the details. Also, many people include Chios as an extension of the coastal tour of Turkey, which is just a 30-45 minute ferry ride away.  Nevertheless, here are the details. By Air• Route: Direct flights from Athens International Airport (ATH).• Airlines: Aegean Airlines/Olympic Air and SKY Express.• Duration: The flight takes only 50 minutes.By Ferry• Route: Piraeus Port (Athens) to Chios Town Port (or sometimes Mesta Port)• Operator: Primarily Blue Star Ferries.• Duration: 7.5 - 10.5 Hours.From Turkey• Route: Çeşme, Turkey to Chios Town Port.• Duration: An incredibly short 30–45 minutes by high-speed ferry. Taking a car rental is the only way to explore Chios. However, if you drive, make sure that you can manage driving on the cobblestone streets.  What Is The Best Time To Visit Chios, Greece? April to October is the best time to visit Chios, Greece. Furthermore, April to June is the ideal time for adventures, and July and August are the ideal time for mastic harvesting tours, hitting the beaches, and taking part in the festivals.  September onward, the crowd becomes less, and you can enjoy the beauty of the quiet autumn here till October. November onward, the island does not have many tourists, and many facilities also shut down during these months.  Budget For The Chios Trip My trip to Chios cost me around $2000. However, that does not mean that Chios is a very expensive place. Here is a quick breakdown of the expenses.  ExpensesCostFlights$1200Accommodation for 4 Nights$180Food and Drink$150Local Transport$75Activities$150Total $1755 So, get ready to experience offbeat Greece and the most authentic Chios. Kaló taksídi! Chios Greece Travel Guide: Frequently Asked Questions (FAQs) Here are the frequently asked questions and answers about Chios, Greece. 1. Is Chios A Nice Island? Less than an hour away from Turkey’s coast, Chios is the fifth-largest island of Greece. It is a nice island with a pristine vibe and a rich heritage around mastic production, natural healing, pottery, and weaving. Furthermore, its historical ruins have many stories to share about the vivid past of the island.  2. Does It Snow In Chios? No, it does not snow in Chios because the air is typically around 62% humid. However, temperatures drop significantly in the months of January and February, and the temperature is around 6 to 12 degrees Celsius.  3. What Is Chios Food? Chios food is an extension of what is available as local produce. So, you will find the use of citrus fruits such as mandarin, local cheese such as mastelo, fish, and mastic resin. Furthermore, despite its distinct culinary heritage, food here shows an influence of the nearby Asia Minor.