Buying a holiday home is a great way for you and your family to get more out of your leisure time with each other. Holiday homes are the perfect place to create great memories and explore your favorite places. If you’re looking for a holiday home, check out these tips on finding the right home for you.
If you’re planning on renting out your new holiday home while you’re not there, you might think that it’s a good idea to cram in as many beds as possible. But think carefully about the type of space that other people would enjoy. Sure, your family might be able to fit into a cottage or cabin, but your guests might not. Be aware that properties specifically designed to sleep two people tend to provide the steadiest incomes. Holiday homes that appeal to larger groups, like families, tend to be more highly seasonal.
It’s also worth noting that the market for very large properties is not as competitive since large homes are rarer. If you’ve got a large family, a large holiday home could be a sound investment. You could rent it out for the rest of the year to large groups.
If you’re planning on buying or renting out a holiday home, it’s worth thinking carefully about legal requirements. You’ll need to consider things like business tax rates, home insurance, and fire safety. Check the legal code in your particular location to see the exact requirements for renting property.
Prepare Your Holiday Home For The Off-Season
There will be times, usually during the winter months, when your home will be unoccupied. The primary concern here is that the pipes will freeze and then thaw, causing them to rupture. This is why it’s a good idea to get a heat trace installed. Heat traces keep pipes warm enough so that the water inside doesn’t freeze. As a result, they prevent big repair bills once spring arrives.
If you’re planning on letting out a holiday home, there’s a good chance that it’s in an area that’s highly competitive. That means that it’s important you think carefully about how your home stands out from the crowd. What unique features does it have that other homes in the area don’t? Does it have any particular selling points you can emphasize in adverts?
The other option is to choose a home in a less well-trodden spot. One common tactic is to find a property that’s just outside a desirable area, like a national park. You can then advertise the fact that you offer a property well off the beaten track.
The features you choose to have in your holiday home will be a mix of what you and your tenants want. You can explore options like hot tubs, swimming pools, enclosed gardens, games rooms for the kids and so on. Think carefully about the features you’d like for your family first. After all, your holiday home is primarily about meeting your needs. Then consider the things that your guests would like too. There’s a good chance that the two will coincide and you’ll add desirability to your home.