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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