Vacation home in india

FB2020 · Post by **FB2020** » Sun Jul 03, 2016 3:11 am

Does anyone you know have a vacation home in india? Lets say someone who's retired (or close) but visits india frequently (1-2 times a year).

I'm not at the stage yet, but was wondering if folks here have it, and is it a good idea to think now along those lines?

techynt · Post by **techynt** » Sun Jul 03, 2016 4:58 am

Why buy a house, why not just rent a vacation home or still better go for Air-BNB style.

FB2020;633997Does anyone you know have a vacation home in india? Lets say someone who's retired (or close) but visits india frequently (1-2 times a year).

I'm not at the stage yet, but was wondering if folks here have it, and is it a good idea to think now along those lines?

nova2blr · Post by **nova2blr** » Sun Jul 03, 2016 8:57 am

FB2020;633997Does anyone you know have a vacation home in india? Lets say someone who's retired (or close) but visits india frequently (1-2 times a year).

I'm not at the stage yet, but was wondering if folks here have it, and is it a good idea to think now along those lines?

Your post made me thinking. Its not a bad idea. The caveat being you can keep it only as long as one can travel back and forth. Need to sell it and repatriate funds before it is too late as the next generation many not have the patience and means to dispose them later. techynt has a good suggestion to rent. Both have advantages and disadvantages.

Old-Spice2 · Post by **Old-Spice2** » Sun Jul 03, 2016 9:43 am

techynt;633999Why buy a house, why not just rent a vacation home or still better go for Air-BNB style.

Problem with renting is you cannot set up your kitchen and cook yourself. At that age eating outside daily will not be a good idea. Plus you cannot eat outside for months at a stretch. Setting up a kitchen for Indian cooking is a laborious job. Then you have to get rid of them when you move back to US unless you plan to rent and keep the house locked. Logistic issues.

Buying/owning is the only option if you want to split your time between two countries.

I know one family settled in UK doing this. Retired geezers visit Chennai for Music season and then go back to England. But they stay with relatives.

FB2020 · Post by **FB2020** » Sun Jul 03, 2016 9:50 am

Old-Spice2;634012Problem with renting is you cannot set up your kitchen and cook yourself. At that age eating outside daily will not be a good idea. Plus you cannot eat outside for months at a stretch. Setting up a kitchen for Indian cooking is a laborious job. Then you have to get rid of them when you move back to US unless you plan to rent and keep the house locked. Logistic issues.

Buying/owning is the only option if you want to split your time between two countries.

Exactly my thoughts.. But obviously buying means maintenance and such which is not the favorite job of anyone !!

Old-Spice2 · Post by **Old-Spice2** » Sun Jul 03, 2016 9:59 am

FB2020;634013Exactly my thoughts.. But obviously buying means maintenance and such which is not the favorite job of anyone !!

If your destination city is a metro like Bangalore, you can buy 2 BHK apartment in a place that is within your budget. You can keep it locked. Make sure you make arrangement for paying monthly bills like electricity and HOA. Reputed communities like Sobha, Prestige will arrange for automatic payment or online setup. There is not much for you to maintain.

In India houses are made of concrete and floors are marble. They don't require any maintenance. When you visit India, you may have to spend few hours on first day to clean/dust everything up.

nova2blr · Post by **nova2blr** » Sun Jul 03, 2016 10:31 am

Old-Spice2;634014If your destination city is a metro like Bangalore, you can buy 2 BHK apartment in a place that is within your budget. You can keep it locked. Make sure you make arrangement for paying monthly bills like electricity and HOA. Reputed communities like Sobha, Prestige will arrange for automatic payment or online setup. There is not much for you to maintain.

In India houses are made of concrete and floors are marble. They don't require any maintenance. When you visit India, you may have to spend few hours on first day to clean/dust everything up.

Actually, there is a lot of dust that can get accumulated in India when a house is locked and unused. If one has close relatives and/or friends who can check-in once in a while (say every few weeks), run the taps, get some cleaning done, it may not be so bad when the US person visits once or twice a year. Recommended to stay elsewhere (service apt or a hotel or a friend/relative's home) for a day or two and get a thorough cleaning done before moving in to their own home.

All bills and HOA can be paid online and hence not a big deal. Having a home in a gated community may be safer and secure (property is secure as well as easier to get help for cleaning, cooks etc).

techynt · Post by **techynt** » Sun Jul 03, 2016 9:00 pm

It seems such a waste of resources to buy a house when you know you dont travel on the spur of a moment like we would do if we were to have a vacation home 5 hours away from a drive or flight. few folks I know from work here, have a vacation home on a lake/beach. these places are just 2-4 hours away from their current home. They use these almost every weekend. And if they are not staying there usually their friends/family use them.

Keeping the house locked for 8-10 months for usage of 2-4 months seems a bit off.

Over here in USA, you can easily rent a fully furnished vacation home with kitchen utensils. We don't like to eat out that much hence we like to rent such so that we can cook our own food. Are there no such things in India?

Old-Spice2;634012Problem with renting is you cannot set up your kitchen and cook yourself. At that age eating outside daily will not be a good idea. Plus you cannot eat outside for months at a stretch. Setting up a kitchen for Indian cooking is a laborious job. Then you have to get rid of them when you move back to US unless you plan to rent and keep the house locked. Logistic issues.

Buying/owning is the only option if you want to split your time between two countries.

I know one family settled in UK doing this. Retired geezers visit Chennai for Music season and then go back to England. But they stay with relatives.

techynt · Post by **techynt** » Sun Jul 03, 2016 9:04 pm

How long do you plan to stay during your visits? is this during retirement or still working?

FB2020;633997Does anyone you know have a vacation home in india? Lets say someone who's retired (or close) but visits india frequently (1-2 times a year).

I'm not at the stage yet, but was wondering if folks here have it, and is it a good idea to think now along those lines?

Old-Spice2 · Post by **Old-Spice2** » Sun Jul 03, 2016 9:17 pm

nova2blr;634017Actually, there is a lot of dust that can get accumulated in India when a house is locked and unused. If one has close relatives and/or friends who can

Recommended to stay elsewhere (service apt or a hotel or a friend/relative's home) for a day or two and get a thorough cleaning done before moving in to their own home. check-in once in a while (say every few weeks), run the taps, get some cleaning done, it may not be so bad when the US person visits once or twice a year.

Buy a bunch of bed sheet, cover all your stuff inside including sofa, stove, tv, bed everything. When you visit take off the cover and all your stuff will be clean. No need to depend on a friend/relatives. Yes it is a good idea to rent a hotel nearby for first two days when you can get a maid to clean everything and get the place ready to live.

techynt;634039It seems such a waste of resources to buy a house when you know you dont travel on the spur of a moment like we would do if we were to have a
vacation home 5 hours away from a drive or flight. few folks I know from work here, have a vacation home on a lake/beach. these places are just 2-4 hours away from
their current home. They use these almost every weekend. And if they are not staying there usually their friends/family use them.

Keeping the house locked for 8-10 months for usage of 2-4 months seems a bit off.

Over here in USA, you can easily rent a fully furnished vacation home with kitchen utensils. We don't like to eat out that much hence we like to rent such so
that we can cook our own food. Are there no such things in India?

Yes we are talking about vacation home that is 24 hr away by flight. Same formula will not apply for this.

The way RE market is in India, may be the owner will get some decent appreciation after 10 years. Even if you get fully furnished rental apartment with kitchen utensils, Indian cooking needs lot of extra stuff which are personalized. Every year you cannot purchase and throw them away. Not the cost factor but the logistic. Think about 20 different type of masalas, special equipment like idly/dosa grinder, mixer, pressure cooker - will any US furnished apartment provide all these? Can anyone in their 60s keep buying and throwing them every year?

Technyt, looks like you have not got to that stage of life. Air-BNB are for 20 something who can walk out, eat pizza and get on with life. Retired Indian oldies are not like that. You will understand once you get there :)