There are
now more and more people choosing to holiday in the
UK and they don't want to stay in B&Bs, guesthouses
or hotels. They want to go self catering and because
the weather can never be relied on camping is out of
the question. What is the answer? - self catering holiday
accommodation.
Self
catering holiday homes in Britain have a lot to offer
a property investor compared to those abroad. Although
in 2005 property value in the UK have not risen much
and domestic rentals are still not too buoyant, weekly
rentals are generally very good. You are not tied up
with "tenants" all the time if you don't want
to be and the owner can stay there from time to time.
As
people are taking more holidays in Britain, house price
in holiday areas have been doing well. The west country
has the highest property surge over the past ten years
with Truro in Cornwall coming top with a 272% rise.
Over
the past five years other parts of Britain have seen
a rise as well, like Blackpool in the north west of
England. If prices don't rise (and remember your property
is only actually worth the amount stated when you physically
sell it) then naturally if you are buying, buy in an
area that is popular with holidaymakers. You need adequate
living, sleeping and washing space for the type of people
you will want to rent out to. Kitchens need to be well
equipped always with a washing machine, fridge freezer
and if possible a dishwasher. Your renters are on holiday
and they won't want to spend a week or two washing up!
You
should consider gardens as well, depending your market
either one just to sit in, have a few barbecues or a
slightly larger one if you are encouraging families.
Don't forget, however they have to be maintained and
the visitors will not be doing this for you!
If
you are borrowing money for this business, remember
that you cannot expect a 100% occupancy. Allow for void
periods - heating in the winter when it is empty and
ongoing maintenance and cleaning before the new visitors
arrive. We have prepared some tips for Holiday home
owners Click
Here that should help. We also have another
useful page on this site on presenting a property Click
Here - this covers holiday lets and longer term
rentals, but the basics still apply.
Finally
you must market the property - There are many ways -
Local tourist office - advertising in local, daily and
Sunday newspaper, travel magazines, building your own
website and you will find the majority of these are
expensive. One website that is excellent value just
£11.75 per year including VAT is our associated
self catering site. jmlvillas.com. For more information
click
here
Good
luck running your own self catering holiday home business
Looking
for Holiday homes insurance in the UK Click on the Intasure
image below
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