Whether you’re buying a holiday home simply to make a profitable investment, or you’re after a lovely second home that can make you some money on the side, owning your own holiday home is a brilliant investment that can deliver financial benefits. Before you take the plunge, we’ve got some helpful tips and advice to help you make your holiday home tempting to holiday makers.
Our tips for making money from your holiday home
Think about your preferred target market
When purchasing a holiday let, you should keep in mind your preferred target market. Do you see yourself renting to couples on a romantic getaway? How about avid wildlife and walking lovers? Will you be renting out to families? Are you going to allow dogs? These are the questions you need to be asking yourself as your target market will inform so much about the type of holiday home you buy – and the location. You might decide that you want to cater for all but bear in mind that some types of holiday lets can make more money than others.
Choosing your location
Once you’ve thought about your target market, you think about location. Now if you’re going to be using your holiday home to vacation yourself, then you’ll of course want to buy your holiday home where you would enjoy spending time. However, you also need to opt for a location that is attractive to holidaymakers. For example, places such as Cornwall, Devon and Berkshire are all popular tourist destinations.
Making your holiday home a home away from home
UK holiday makers expect style, quality and comfort from their holiday lets. That means you’ll need to include all the holiday home essentials such as quality appliances, a speedy internet connection, hot water and good heating. However, you should also make your holiday home look appealing and create a sense of comfort that truly makes your holiday let a home away from home. With that in mind you should make sure that your holiday home includes quality furnishings such as towels and toiletries so they can truly enjoy their stay. Maybe consider leaving your guests a welcome basket or gift to say thank you for staying. It’s the little things that make holiday makers return time and time again.
Buying a holiday home with Encore Parcs
Here at Encore Parcs we run a managed letting scheme so you can let out your holiday home when you’re not using it. This allows you to offset your initial investment and running costs such as site fees and maintenance costs. We have a range of beautiful holiday homes that would make attractive holiday let properties. Browse our range of holiday homes or contact us to find out more.
