Summer
time, especially the Christmas and New Year period (in the Southern
Hemisphere), to be quite an interesting time for real estate. Many people
take time off work and while some go on extended overseas trips, lots simply
spend a week or two in a rented house near a beach or other location away from
home.
The
pairing of good weather (hopefully) and beautiful scenery with some much needed
relaxation can often see holidayers start to contemplate the idea of owning a
holiday home themselves.
So what
do prospective purchasers need to look for in a property intended primarily for
vacation use, and how do you ensure you get the most from your investment
outside the summer months?.
A big
part of the success of a holiday home in the rental market is the number of
people that the property can easily sleep. The installation of bunk beds,
beds with trundle beds, and queen beds can ensure that a house is both
couple-friendly while sleeping a large number of guests. With some smart
configuring, a house with as little as three bedrooms can then become
attractive to families or groups of friends who wish to go on holidays
together, who are then able to save on accommodation costs by hiring one
house.
Outdoor
entertaining areas were also flagged by the article as an aspect that can
increase the rental income from a holiday home, both in summer and during the
colder winter months as well. The inclusion of a barbecue, large outdoor
setting and potentially even outdoor heaters can help to heighten your
property’s attractiveness to holiday renters.
If
purchasing a holiday home that requires renovation, or even just a little bit
of a sprucing up, remember that this is not your primary residence and you
don’t necessarily have to spend a fortune on it.
There are
definitely ways to give a property a make-over without having to go
overboard. According to the article, a fresh coat of paint and a carpet
cleaning can often be enough to substantially improve the presentation of your
holiday home. When painting, remember that large groups of people may be
staying in your house – the use of lighter and more neutral colours can help to
increase the property’s feeling of space, often making for a more enjoyable
experience for renters.
So if you
think you may be in the market for a holiday home, remember that this is not
your main residence and you may need to consider different requirements than
you would with a normal home. Such contemplation will help to ensure that
as well as a holiday home, you will have a viable investment option both within
and outside of the summer months
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