Why holiday lets are a good investment…and how to maximise your return
Across Britain, the holiday letting market is thriving with a huge upsurge in the number of travellers choosing to stay on domestic shores for their holiday.
This increased demand for holiday homes make it a great time to be a part of the letting industry, with 2022 bookings for properties letting with holidaycottages.co.uk at record levels.
Read on to find out why holiday letting is a good idea and what you can do to increase your bookings and maximise the success of your investment.
Why invest in a holiday let?
It will certainly be no surprise that owning a holiday home is a fantastic opportunity to supplement your income. In terms of demand, the current trend of people choosing to discover holiday destinations right on their doorstep has set a domestic record for tourism which shows little sign of abating in 2022, with forecasts indicating a continued growth in UK tourism.
Clearly there are running costs involved, but it is often the case that the potential rental income from a holiday let can far exceed the return you could expect on a long-term let. What’s more, if you meet the criteria to be a Furnished Holiday Let, you may be entitled to further tax benefits too. Holiday let mortgages are also becoming less of a niche product, which in turn offers you more choice.
The other obvious benefit of investing in a holiday home is not only that you have the satisfaction of creating a beautiful home for others to enjoy, but you also have a fantastic place of your own in which to holiday.
How to increase bookings
Of course, you may already be lucky enough to own your own holiday home, in which case, you may be interested in advice on how you can improve the appeal of your property and increase your bookings. Whilst there may be no hard-and-fast rules, there are certainly ways in which you can not only secure more bookings but also encourage repeat bookings too.
We all know of the importance of first impressions, so simple touches such as a little hamper can go a long way to getting the holiday off to a great start. Also, guests looking for family-friendly holidays form a large part of the staycation market, so providing a few essentials for very young children such as cots and stairgates or play equipment, or a chest of games and toys for older ones will heighten the appeal of your let. Add to this a safe, enclosed garden for the family dog and you will be extending the appeal even further.
Once you’ve considered the type of guests you might want to attract, you should also think about how you can best showcase your property. Take the time to stage your property well for photographs, ensure your interiors are well thought out, as well as considering little extras to add a touch of luxury, such as a hot tub. The addition of a wood burner can also add an appeal that helps extend bookings into autumn and winter periods.
How can holidaycottages.co.uk help you?
Over the past 12 months, we have seen record numbers of owners joining us at holidaycottages.co.uk with an increase of 20%, alongside a growth in property numbers to just under 8,000.
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