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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Do The Sand Dunes Come Alive At Kobuk Valley National Park?

BY  Sibashree Sep 11, 2024

Kobuk Valley National Park is surreal! Have you ever thought to meet sand dunes in the Arctic Circle? The unique geology of the park makes it possible. That’s not all! The Great Kobuk sand dunes stand here, along with the remains of the North American continental glaciers.  Three of the sand dunes in this national park are active or alive. The Great Kobuk Sand Dunes, Hunt River Dunes, and Little Kobuk Sand Dunes here cover a mesmerizing 20,000 acres of area in the park.   Today, hiking through these dunes is one of the most popular activities in the Kobuk Valley National Park.   While it is visually unusual or unexpected to see sand dunes in an Arctic National Park, you also need to understand that the Arctic region gets very little rainfall every year. So, this is also a desert region.   “Sand dunes in the Arctic landscape are not what you would expect. Since most people associate sand dunes with a hot desert environment, it is a visually unusual thing to see. In fact, what most people don't realize is that the Arctic is also a desert with very low levels of rainfall.”   - Christian, a Kobuk Valley National Park Worker  Having said that, how the sand dunes came to be here, and the experience of exploring them will be a great thing to discuss in this article.   This Is How The Kobuk Valley National Park Became The Land Of Sand Dunes   https://www.instagram.com/p/BWatGdVFuis/ Much of Alaska, including the Kobuk Valley National Park, falls in the Tundra region. Tundra, the coldest of the biomes, gets only around 150 to 250 mm of rainfall and snowfall yearly1. So, the national park has less rainfall than some of the most well-known deserts in the world.   Further, the sand dunes in the Kobuk Valley are as old as the Ice Age. Now, as the mighty glaciers moved forward and made a retreat, the rocks beneath got ground. Now, the blowing wind transported the sand into the empty and ice-free Kobuk Valley. The sand dunes in the park are up to 150 feet high, and they are the biggest, high-altitude, and most importantly, “active sand fields”  in the earth.   In The Land Of The Great Kobuk Sand Dunes  https://www.instagram.com/p/BgmZYDdAA_r/ Are you in the Sahara? No, you are around 35 miles above the Arctic Circle and still find the largest active sand dune field in the world. Today, it is a popular backpacking, hiking, and camping destination in the National Park. You must attend the Northwest Arctic Heritage Center to learn more about the outdoor pursuits in the land of sand dunes.  Let’s quickly look at why the Great Kobuk Sand Dunes is a preferred destination for camping, hiking, and backpacking.  The sand is steady enough for the landing of an aircraft with wheels.  You can put up your tent on any level surface.  Also, you can hike in any direction.  Further, you can board a float plane and reach the Kobuk River. From there, you can take a backpacking tour for around two miles and reach the dunes.  You must visit the Kotzebue Visitor Center if you have plans to take this backpacking journey to and from the Kobuk River.   There is no marked route for hiking.  In summer, the temperature in the sand dunes can reach up to 100 degrees Fahrenheit. Also, fall is the season to see caribou migration here.   However, there’s more to it! Let’s learn about the Great Kobuk Sand Dunes as relics of the Ice Age and how life thrived here.   Great Kobuk Sand Dunes: The Relics Of The Ice Age   https://www.instagram.com/p/BYwfdMYlr-0/ To know about the formation of the Great Kobuk Sand Dunes, we must go back to the Ice Age. Around 28000 years ago, glaciers in the mountains formed. I have already discussed how the glaciers ground the rocks and wind deposited them in the Kobuk Valley.   Further, approximately 14000 years ago, the glaciers made a massive retreat. As a result, there were 200,000 acres of sandy land formation on the river banks. Complex holocene activities and geomorphic preservations keep the sand dune field at the Kobuk Valley National Park active or alive. Along with the Kobuk Valley, small lakes in the park have also accumulated sand over thousands of years.   However, most of the landscape today is occupied by the vegetation of the national park, and the sand dune area consists of only 20,000 acres. The vegetation found here consists of the following varieties.  Wild rye  Grasses  Sedges  Kobuk locoweed  Wildflowers blooming occasionally  These species grow on the shifting sand, and they function as stabilizing agents. You can see shrubs, lichens, mosses, and algae following this vegetation. Finally, there are spruce, birch, and aspen trees covering the landscape.    The slopes of the Kobuk Valley sand dunes are the only place where Kobuk locoweeds grow. These plants belong to the pea family, and they are known for their purple flowers. If you want to see these flowers, you must visit the park in late June and July.   The inland dune field of Kobuk Valley National Park is surrounded by boreal forest.   Humans And Wildlife In The Great Kobuk Sand Dunes  https://www.instagram.com/p/Cv0EhpdLsJ5/ It’s amazing to see the Western Arctic Caribou walking through the Great Kobuk Sand Dunes. Fall and spring are the migration seasons for these animals. The north of Brook Range is the caribou herd’s calving ground, and they migrate to and from this place.   As the caribou herds pass through the sand dunes, their footprints remain in the ground for the longest time. According to National Park Service data, around 250,000 caribou pass through this national park annually.   No wonder that the Kobuk Valley National Park is one of the “last great migrations” remaining in the world. The table below gives you a brief idea about the animals and birds in the sand dunes.  Birds Sharp-shinned Hawk Golden Eagle Bald Eagle American Wigeon Northern Pintail Rough-legged Hawk Marsh Hawk Mammals Caribou Wolverine Muskox Snowshoe Hare Moose Gray Wolf Grizzly Bear Beaver Arctic Fox American Pine Marten Amphibians Wood Frog Fish Longnose Sucker Salmon* Northern Pike Alaska Blackfish Alaska Whitefish Humpback Whitefish Alaskan Stickleback Ninespine Stickleback  Human history in the Great Kobuk Sand Dunes is at least 8000 years old. They lived by the Kobuk River and were mainly focused on fishing, hunting, and trapping for survival. It is fascinating to visit the thousand-year-old hunting camps on the edges of the sand dunes.  The golden and shifting Great Kobuk Sand Dunes are located a few miles away from the Kobuk River. Further, the sand dunes soar up to 100 miles in the air.   Kobuk Valley National Park Is Also The Land Of Iñupiaq Subsistence  https://www.instagram.com/p/BWdjyOBl_Lw/ Human life, which started in the Great Kobuk Sand Dunes 8000 years ago, is still thriving with the mantra of subsistence. The Iñupiaq people here use the available natural resources to fulfil their physical needs and safeguard their spiritual and cultural requirements.   For example, they depend on caribou and salmon to feed themselves and their dogs. At the same time, caribou skin hide is extensively used to make parka jackets to combat Arctic winter. They also make mukluks or boots using reindeer skin to walk through the snow.   Further, the local people made baskets using birch and willow. Moreover, in darkness, caribou tallow or seal oil were the only ingredients to light up their stone lamps.   Irrespective of the trade with the coastal communities, the “customary, traditional and non-commercial” use of natural resources is still important in the park.   Iñupiat Ilitqusiat And Respecting The Ecosystem   https://www.instagram.com/p/CzjboNfsc4Y/ Aboriginal people in the Kobuk Valley National Park are committed to passing on their values from generation to generation. The Iñupiat Ilitqusiat value asks them to transfer the knowledge and skill of hunting and everything about life.  In addition, this transfer of knowledge helps to make the most of various seasons and subsistence opportunities. For example, the caribou season comes to this park after the salmon season.   Earlier, Noatak Valley was the destination for these people during the caribou season, and even today, some families move to Noatak Valley. Again, summer camping around the Kobuk River is common for fishing, especially catching salmon and whitefish.   Summer is also the season for harvesting berries and wild greens for the local people.  If you want to learn about the local people and their values, you must be respectful and understand their seasonal activities as a part of their subsistence practices.   Overall, the Kobuk Valley National Park is not just a place to see sand dunes and wildlife. It is a tapestry of human lives depending on nature.   Things To Know Before You Visit The Kobuk Valley National Park   For me, the sand dunes and Iñupiaq subsistence practices are the most fascinating things in the Kobuk Valley National Park. However, keep the following information handy if you are to pay a visit anytime soon.   Mode of Transport: Authorized air taxis from Kotzebue or Bettles  Visitor Center: Northwest Arctic Heritage Center  Entrance Fee: Free  Permits Required:  Commercial Use Authorization or CUA for commercial activities, Research Permits, Filming and Photography Permits  Activities to Do: Boating, fishing, camping and backpacking, hiking, flight-seeing and exploring nearby attractions  Best Time to Visit: June to July   Area: 1,750,000 Acres  Established: 2nd December, 1980  Number of Visitors: 17,616 (2023) (National Park Service Data)  Snowfall, downpours, and extreme weather conditions can occur in any season of the year. So, follow the instructions shared at the visitor center and keep your gear ready for survival!  

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Which Is The Best Time To Visit Ladakh? – Travel Guide

BY  Nabamita Oct 19, 2022

Known as a “Barren Beauty,” Ladakh has one of the, if not the most beautiful landscapes in India. Here in Ladakh, you will find one of a kind landscapes that are breathtaking and definitely one of a kind. With beautiful Buddhist cultural festivals, activities, and monasteries, Ladakh has the highest mountain passes in the country. But being situated at such great heights, Ladakh has some travel restrictions in certain months, so which is the best time to visit Ladakh? Keep on scrolling through all the details about the best time to visit Ladakh. Welcome To Ladakh! Ladakh is a union territory of India located in the state of Jammu & Kashmir, in the extreme northern parts of India. Ladakh is known as a cold desert, the only one in India. There also located the highest saltwater lake in the World, the Pangong Lake. Ladakh is popular among tourists as it provides the best road trip opportunities in India. Experiencing a cross-country road trip to Ladakh is something of a dream for most travel enthusiasts. Best Time To Visit Ladakh Ladakh is a bucket-list-worthy place for most adventurers, but being such a dreamy place, you should know which is the best time to visit Ladakh. Being located at such great heights, it is not possible to travel there whenever you want to. April - JuneJuly - SeptemberOctober - March21c to -1c25c to 5c14c to -11c 1. April - June For most adventurers who want to explore the place, and see the raw landscape of the place, the best time to visit Ladakh would be during the summer. Although it’s the summer months, don’t expect the weather to be warm and sunny. It is rather cold, even during the winter months, as well. You will be able to see the snow melting under the bright sun. But you will be getting a crystal clear blue sky, amazing views, wild blooming flora, and clear fauna. These are the things why Ladakh from the months of April and June is the ideal time to travel. 2. July - September From July, the monsoon season begins in Ladakh. With irregular heavy rainfall, you can really enjoy the rain in Ladakh if you are into it. Although there are a lot of ways you can enjoy Ladakh during the monsoon season, a few of the most exciting activities there are bike tours and trekking routes. It is mostly closed or blocked due to the occasional snow slides, landslides, and even cloud bursts. There are few areas that fall under the rain shadow area and hence receive more rain, and it is very difficult to reach there. These particular areas are Leh on the Manali side, Baralacha La Pass, Leh from Srinagar, and also Zoji La Pass. 3. October - March From October to March is considered yet another best time to visit Leh Ladakh. It is the perfect weather for road trips without the fear of any rain or landslides. But make sure that the atmosphere is quite chilly, so be ready to feel the cold and chill in your bones. So be sure to pack enough warm clothes to help you actually enjoy the adventure. The beauty of Ladakh during these months is something different. The snow-covered landscape with frozen lakes and a beautiful clear sky. You will have to witness it to actually experience it. Different Climates In Ladakh If you are planning to visit Ladakh, you can choose the season you want to experience. The summer, monsoon, and winter moths are quite distinct here in Ladakh. So depending on your preference, you can easily choose the best time to visit Ladakh for you.  1. Summer In Ladakh The summertime in Ladakh is when it generates the most number of tourists. There is hardly any snow now, or it is melting away for the season. And during the summertime, you can enjoy a lot of outdoor activities such as biking, trekking, camping, mountain climbing, and many more. During summer, there are quite a lot of activities you can do in Ladakh, and they are, going for a camel safari on the double humped camels called Bactrian camels. You can even witness the summer festivals that take place here in the monasteries. There are a number of festivals that take place during the summer, and they are Saka Dawa Sindhu Darshan, Yuru Kabygyat, Phyang Tsedup, Hemis Festival, and also Matho Nagrang. There are many adventure sports that you can enjoy during the summertime, which are mountain biking on the Zanskar &Karakoram ranges, Jeep safari on the Zanskar valley, and even River rafting in the Zanskar stream. 2. Monsoon In Ladakh Even though it rains irregularly during the monsoon season in Ladakh, that doesn’t mean you can’t enjoy that experience. Although the monsoon season may not be the best time to visit Ladakh by bike or in general, it still can be very picturesque. Some of the exciting activities that you can take part in Ladakh during the monsoon season are adventure sports like white water rafting. You should also you should experience the monsoon festivals here like Phyang, Dakthok, Karsh Gustot, Karzok, and Sani Nasjal. Other than these festivals and sports, you can really enjoy a hot bowl of Thukpa, steamed momos, and a delicious cup of butter tea when you are sitting in a warm room, and it is raining outside. It doesn’t get better than that. 3. Winter In Ladakh The winter months in Leh Ladakh best time to visit for its picturesque scenic beauty and the pleasant chill and snow-covered valleys. Even though the cold weather may not be for everyone, there are a lot of activities that you can do here during the winter months. Some of these activities are like taking part in winter treks for experienced trekkers, even campings are available during the winter months. Similarly to the summer and monsoon festivals, there are many winter festivals too that is a unique experience to witness. A few of these festivals are such as Spituk Gustor, Dosmoche, Stok MOnastery festivals, Ladakhi Losar, and even Thiksay Gustor. And as a matter of fact, the winter months are the best to witness the wildlife here in Ladakh. Animals like snow leopards, mountain wolves, magpies, blue sheep, and even wild hares are a few of the animals you can witness. Frequently Asked Questions (FAQs): If you have any more doubts about the best time to visit Ladakh, then here are a few queries that others have had. 1. Which Month Is Snowfall In Ladakh? The peak snowfall season in Ladakh is from the months of October to February. During these months, the entire valley is covered in a thick blanket of snow. 2. In Which Month Is Leh Closed? Usually, in November, the Manali-Leh highway stays closed due to heavy snowfall and road blockage. No vehicles are allowed to pass. The highway again opens up in April. 3. Is There Snow In Ladakh In April? There are a lot of benefits of visiting Ladakh in April; since there won’t be many visitors, you can easily get great deals on hotels and homestays. And in April, you can easily witness a lot of snow. Visit Now! Ladakh is a destination you should travel to at once in your lifetime, it is an experience that you will always remember. The landscape, the mountains, the valley, the beautiful traditions of the Buddhist culture, and everything in totality makes Ladakh a worthwhile place to visit. If you find this article helpful, then let us know in the comment section when you are planning to book a trip to Ladakh. Read Also: Which Is The Best Time To Visit Mussoorie? Which Is The Best Time To Visit Sikkim? Top 7 Best Places To Visit In Darjeeling

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Art And Architecture Tours By Charter Buses In Toronto

BY  Abdul Aziz Mar 4, 2024

The rich history and culture of Toronto cannot be denied. The city is one of the most prominent in North America, known for its museums, culture, food, and more recently Art! It may be a surprise to some people, but Toronto Ontario has a plethora of options for art exhibitions, paintings, and more. The city is bustling with aspiring artists and art museums alike, it is no wonder that people are flocking to the city to learn more about this art and to visit and see for themselves the options and the beauty of all that it has to offer.  But what is the best way to visit the city, especially for large groups who may be traveling together, perhaps as part of an art tour or an art exhibition? One standout option is taking art and architecture tours by bus, these tours offer a way to discover the city’s treasures and impressive buildings while at the same time providing comfort and relaxation to the visitors. These tours give an overview of Toronto's public art, galleries, and innovative architectural designs making them a must-do activity, for those interested in the creative and structural sides of the city. Exploring Torontos Vibrant Art Scene The art scene in Toronto reflects the city’s population showcasing everything from installations to timeless masterpieces. Charter and coach bus tours make it convenient to visit art venues in one go allowing groups to delve into the spectrum of artistic offerings in the city. An exciting part of these tours is getting access to galleries like the Art Gallery of Ontario (AGO), which is a classic place to visit and is also home to over 90,000 artworks, while at the same time being recognized as one of North America's premier art museums. In addition to galleries, Toronto streets come alive with art that turns the urban landscape into an engaging open-air exhibition. These guided tours lead guests through neighborhoods decorated with murals, sculptures, and art installations that showcase Toronto's culture and vibrant art scene. From the sculptures, in the Distillery District to the thought-provoking installations along Queens Quay, each piece shares a narrative that enhances the viewer's appreciation of Toronto's character. Charter Bus Tours Toronto's landscape reflects the city’s growth, blending structures with contemporary skyscrapers. Guided bus tours via a charter bus company can provide a view of this evolution highlighting landmarks like the CN Tower that defines the city skyline and Casa Loma, a Gothic Revival mansion offering a glimpse into history. Some of the charter companies offer a variety of selections such as buses for up to 50 passengers and comfortable seating, we checked out charterbusrentaltoronto on our last trip to Toronto and were pleasantly surprised by how easy it was to visit the city from the comfort and beauty of your own rented coach bus. A highlight of one of our tours was visiting the St. Lawrence Market area, where some of Toronto's buildings have been carefully preserved. Here visitors can witness the coexistence of new architecture symbolizing the city’s reverence for its heritage alongside its vision for the future. It was a remarkable day that was truly enjoyed by all. Our driver even knew some hidden gems of restaurants that we were able to visit for dinner after our tour, which had some outstanding authentic food. This journey was more like an invitation to see the city through a new lens, to appreciate the interplay of light and space, color and form, history and innovation. We were able to participate with not just photographs and memories, but a renewed appreciation for the power of art and architecture to transform spaces and communities.  Other places that we visited on these tours include buildings such as the Royal Ontario Museum (ROM), with its striking Michael Lee-Chin Crystal addition, and the Art Gallery of Ontario (AGO) which underwent a redesign by renowned architect Frank Gehry. These structures act as places where culture is preserved in addition to being iconic buildings that challenge the norms of design and purpose. Related: How To Prepare An Enjoyable Bus Tour In Europe Tailored Experiences What makes these bus tours unique is the experience they provide. Led by guides these tours offer commentary on the art and architecture that define Toronto. Participants don't just passively observe; they engage in conversations that enhance their understanding of the city’s architectural accomplishments. Furthermore, some Toronto tours are crafted for convenience offering a stress-free way for groups to explore Toronto. Best of all, there are tours that can cater to all audiences, making art and architecture accessible to everyone. Exploring Toronto art and architecture through bus tours offers a journey through this unique city’s core and structural essence. They unveil the narratives behind Toronto’s public art installations and architectural wonders providing an insight into the city’s historical background. For those interested, in discovering Toronto's architectural marvels these tours offer an unforgettable experience that highlights the city’s finest offerings. Read Also: Warm Winter Wanders: January Destinations To Soak Up The Sun Experience Canada Like A Local: Insider Tips You Can't-Miss Best 9 Things To Do In El Paso!