A holiday cottage, holiday home, or vacation property is accommodation used for holiday vacations. Such properties are typically small homes, such as cottages, that vacationers can rent and run as if it were their own home for the duration of their stay. The properties may be owned by those using them for a vacation, in which case the term second home applies; or may be rented out to holidaymakers through an agency.
A second home or vacation home can be a home owner’s asset as renting it could provide additional income. Many vacationers are opting for a single family residence that they can rent on a nightly or weekly basis. In many cases the savings for them are significant compared to hotels or vacation packages. For owners it can be as rewarding as paying the mortgage. As people begin to realize this trend vacation type properties are becoming popular not only for existing homes but also for building one.
Coming soon – a directory of Holiday House resources in South Africa