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Article #183: Buying & Renting a Holiday Home in the Sun

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For those who think buying a holiday holiday home involves home repairs,
home, to rent, is an easy way to make a passing keys to holidaymakers, changing
profit on your investment you should be linen when the holidaymaker departs,
aware that it isnt as easy as it sounds. garden up-keep, plus dealing with
To start with, there are over 500,000 emergencies such as visitors locked out.
holiday home owners in the UK - and most Bear in mind that most property
of them rent out their property. You can management companies charge commission
expect high out goings, management for getting holidaymakers to book your
commission and fees, insurance bills, and home, instead take the responsibility of
the usual household bills. promoting your holiday home on yourself.
Search Engine Marketing Specialist Property features
Since 1995 SEO/SEM tools, training, and Keep the property up to date. DVDs and CD
professional "full service" Search Engine players are no longer luxuries.
Marketing help at very affordable rates. Competitiveness is a big issue for owners
For anyone considering buying a holiday nowadays.. no matter where your holiday
home, to rent, these six pieces of advice home is located, be it Portugal or
will be invaluable. Cyprus, you have to offer something a
Location little unique from other owners, perhaps
Choosing a good location is vital,not discounted tours, free car hire. These
only because you want a location which is extras may cost you in the short term,
popular with holidaymakers, but also one but over the year it may raise the
which is not overly competitive. percentage of bookings that your bring
Destinations like Florida and Spain have, in.
over the years, become highly competitive Insurance & Fire certificates
with thousands of holiday villas More importantly, fire regulations mean
available for rent. It is important that that extinguishers and flame-resistant
you look for facilities close to the home furniture are a must. Contact local town
- restaurants, bars or shops, halls to research if you need any fire
particularly since holidaymakers will be certification or complete any legal
catering for themselves. procedures, before renting out your
Type of accommodation holiday home. You must get the right
Think about your target customers. If you insurance cover and property management
are targeting families, then buy a two or companies often insist on public
three bedroom holiday villa, near popular liability insurance of 1m plus, costing
family attractions. If it is couples or between 200 and 500 a year.
small groups you are hoping to attract Finances
then look at buying a two bedroom Dont listen to anyone who says they can
apartment near shops, bars and guarantee you 52 weeks of bookings for
restaurants, beaches, and golf courses. your holiday home. Before you buy a
For smaller groups, or groups of adults holiday home you must look at how many
space will be less of an issue. weeks bookings you require to make ends
Buying a one bedroom apartment will meet. This is especially important if you
restrict you to couples, or two adults want to make a profit from your initial
only. Huge five bedroom houses may sound investment. Keep your accounts and
good, but for short haul destinations finances in order. Much of your costs
like Spain, a three bedroom holiday home will be spent on management fees, holiday
will suit most holidaymakers, and large home insurance, property repairs,
houses may put people off renting your decoration and essential travel to and
home. from the house - some of these can be set
Property Management against tax and offset against
Employ a management company or be non-property tax bills.
prepared for hard work. Managing a






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