A vacation home is a home away from home.
It is a place for you to relax within the comfort of four walls chosen by you.
However, there is always the problem of choosing where to make that investment.
Should you pick a location close to home, or venture out into the world?
Although this is a matter of preference, there are plenty of choices across the world's continents.
It all comes down to how you would rather spend your vacations.
Here are your options for an unforgettable homey vacation.
This Caribbean heaven is a great choice for a vacation home.
Though real estate is considered costly in Belize, the soft white sands will make you forget all about it.
The Belize Barrier Reef is unrivalled when it comes to snorkelling and diving.
Prices go for about $2,660 per square metre in Ambergris Caye.
Or you can choose to build your own home.
2. Costa Rica
The greenest country in the world is also a prime location for a vacation home.
The lush green landscape and serene beaches are optimum vacation conditions.
The country is also known for its environmentally-friendly attitude.
Costa Rica has a relatively low cost of living, allowing you to stretch out your vacation.
Expect to pay about $1,600 for a square metre.
Argentina is the holy ground of vacation homes.
The country offers a myriad of choices when it comes to entertainment.
Mountains, jungles, and a booming nightlife are just the start.
Moreover, Argentina's economy is expected to start growing again, presenting a ripe investment opportunity.
Discover your options in Buenos Aires or Mendoza where a square metre will cost about $2,800 or less.
A vacation home in Colombia is never a bad idea.
In Medellin specifically, you will find an appealing climate, world-class restaurants, and a European charm.
The Colombian real estate market provides an unrivalled opportunity for investors.
Colombia also boasts the Andes mountains, rainforests, and aromatic coffee plantations.
A square metre here costs under $2,400.
Spain has long been a favourite vacation destination.
The charming country offers plenty in terms of history and nightlife.
Head out to Malaga in Costa Del Sol for a good investment deal.
Certainly, the yellow-sand beaches and beautiful weather will give your vacation home a boost.
While you can expect to pay over $2,000 per square metre, it is well worth the price.
Italy is another favourite European destination.
But why visit when you can stay at your own home there?
In spite of popular belief, owning a home there won't be as expensive as you believe.
Stay away from major cities and head further South to Puglia.
There, you can enjoy olive groves, scenic farmhouses, and archaeological treasures.
Plus, prices down there are around $1,700 per square metre.
Portugal is a popular tourist destination due to its rich history and charm.
It is also a popular destination for a vacation home.
Algarve, in particular, is a prime destination for vacationers.
It boasts 40 golf courses, boat piers, and a quaint nightlife.
Home prices can be found as low as $1,400 per square metre.
Tips for your second home
• Bear in mind that a second home comes with its own property taxes and insurance.
Put aside extra money that will cover these costs.
• Maintenance will be an issue if you cannot visit the home regularly.
Therefore, it is important to hire a trustworthy company or individual to look after it.
• If you plan on renting your home while you are away, choose a trustworthy property management company.
In addition, the same company can maintain your property.