Are you buying a holiday home to use yourself, or possibly somewhere for you to retire to in the future?
If so, the location obviously has to be somewhere you want to go to on holiday or maybe live in the future. It also needs to suit your requirements but this may not necessarily make it the perfect holiday home for rental. That is not to say you cannot achieve favourable occupancy and rental rates but your return on investment (ROI) may not be the same as if you are buying a holiday home purely as a business with no intention of using the house yourself now or in the future.
If you fall into the latter category, then this makes the process somewhat easier; you buy the property that will net you the greatest ROI. For example, you could spend £800,000 on a property in a city such as York and get the same if not better return than a property that costs well over a million in an area such as Devon or Cornwall.
Need some help?
If you are in the early stages of investing in a holiday home, we are happy to make some suggestions and even view properties on your behalf or accompany you if possible. We simply need some information on the budget you have available and we can then suggest suitable properties along with estimated annual rentals that can be achieved.
Simply fill out the form to the right and we will contact you very soon.