A cheaper way to vacation, accommodating your family, another source of income - there are so many benefits of owning a vacation home in Bermuda. While it’s easy to assume that the benefits of a vacation home are the same all over the world, there are additional timeless benefits when it comes to investing in a property in the subtropical paradise of Bermuda.
- Save Time and Money
- Bermudian Lifestyle
- They Pay for Themselves
- Things to Do
- Room for the Whole Family
- Access and Travel
- Making Connections
- World-Class Infrastructure
1. Save Time and Money
Booking hotel rooms or rental accommodation each time you go on vacation takes a lot of time. The annual cost of these vacations goes up each year and can be a significant proportion of your discretionary expenditure. In the long term, vacation homes can save you time and money compared to hotels and rentals.
Vacation homes reduce stress, offer cost-effective lodging and allow you to start enjoying your trip sooner.
2. Bermudian Lifestyle
A combination of good weather, excellent healthcare, vibrant culture and plenty of choice for recreation means Bermudians famously have among the highest standard of living in the world.
All of these benefits mean your trip will be nothing short of unforgettable. Enjoy the Bermudian lifestyle for yourself for a relaxing vacation away from the hustle and bustle of everyday life.
If you're thinking of when would be the best time for you to use your vacation home, here's a useful resource on the best times to visit and what to do in Bermuda.
3. They Pay for Themselves
If you rent your vacation home out when you are not using it, income from rentals will contribute towards your annual running costs. In some cases, this could even help you make a return.
Using a management company to look after your property for you makes sense for second homeowners who often live away from their property. With a property management company, things such as advertising the property, managing bookings and maintenance are taken care of. So, there’s no need to worry about mowing the lawn or cleaning the pool when you're away - or, better still, when you are there.
Many vacation homeowners rent their properties out when not in use, so they have another source of income. Some management companies have rental programs, which will save you even more time. To be effective, renting through a hotel brand like Hilton will maximize your rental income.
4. Things to Do
With a rich culture and tourism among the top industries for the country, there’s always something to do in Bermuda (especially for golf fans). Explore the island’s vast history with museum trips, taste the authentic Bermuda with an indulgent food tour or see Bermuda from a new perspective with the island’s variety of watersports and aerial activities for thrillseekers.
From whale watching to deep-sea fishing, there's always something going on in Bermuda that you need to experience.
5. Room for the Whole Family
With hotels and rental properties, you generally have to pay more per guest. This additional cost is removed with your own vacation home as you can host as many friends or family members as the property allows. All you need to consider is the cost of the flights and the extra people to feed!
You can also rent the property out to family or friends, meaning you can still make an income. Your loved ones will also be able to vacation in a home they already know and are comfortable with. You’ll also know that your property is in safe hands.
6. Access and Travel
Bermuda enjoys daily flights to and from most North American gateway cities, many of which are less than two and a half hours away. So both access to and from the country is easy., Although only 21 square miles in size, this island paradise is filled with things to discover and your choices of getting around include car, boat tours, private aircraft, hiking through the lush wildlife and biking along the disused train tracks that span the entire country.
7. Making Connections
By committing to owning a second home in Bermuda, you have an amazing opportunity to become part of the local community.
Discover and be active in the culture, make friends with local people, neighbors, business owners, expatriates and property owners and expand your horizons. Laying down social and financial roots in this way also means that you can try out Bermuda as a potential retirement destination.
8. World-Class Infrastructure
The country’s residents, partners and visitors enjoy a robust and world-class infrastructure. Described as “modern, well developed and technologically advanced” by the Bermuda Business Development Agency. The island has a great physical and digital infrastructure, including great shops and restaurants, excellent broadband, a modern hospital and a new airport. So there’s no need to sacrifice home comforts.
There's no doubt you have several options as you think about the perfect destination for your vacation home. Turks & Caicos, Cayman Isles and South Bahamas are all three popular destinations many people consider. It might even be between Bermuda, The Hamptons, Martha’s Vineyard and Nantucket.
They all have their benefits depending on what you're looking for.
However, we're yet to find anyone that doesn't enjoy Bermuda. It's quaint, sophisticated and the island offers the perfect time travel experience. It’s the ultimate break away from the stresses of normal life.
This incredible paradise has everything you could possibly need. Amazing beaches, intriguing history, fantastic culture, panoramic views - you'll fall in love as soon as you step off the plane and will count down the day you're next in your vacation home in Bermuda. Whether you want a round of golf, go on a hike with the family or relax on the pink-sand beaches, you’ll find it in Bermuda in abundance.
Unhurried days of boating, swimming and whale watching merge into glorious golden sunsets and long balmy evenings with barbeques and laughter. Picture yourself waking up in the morning to serene ocean views and wildlife you won’t see anywhere else in the world. You can’t do that downtown.
Bermuda is perfect.
Although owning a vacation home in Bermuda is clearly a worthwhile investment to consider, knowing where to start when it comes to purchasing a vacation property - especially in a different country - can be difficult.
There are many things you’ll need to know before buying a condo or house in Bermuda, which is why we’ve created a detailed step-by-step guide to help you get started.
Finding the Perfect Vacation Home in Bermuda
Purchasing a vacation condo is a serious commitment that requires a lot of thought. You must cover all bases and make sure everything is in order before you take action and buy your dream home.
Our Condo Buying Guide will answer all the questions you’ll have, and will help you make a decision. If you want to know more about your options, don’t worry, we’ve got you covered. Download the guide below today for free and take one step closer to finding your perfect vacation home in Bermuda.