aboutproperty.co.uk Logo
 | News feeds | Join the mailing list | Make Homepage

Property news

How to get the most from holiday rental property revealed

Wednesday, 14 Nov 2007 10:18
How to get the most from holiday rental property revealed
An increasing number of Brits are purchasing overseas properties, either as a holiday home or retirement destination.

A large number also buy property as an investment, letting out property in desirable areas to holidaymakers.

However, some investors could be missing out on the maximum returns for their investment, either by mispricing their property or advertising incorrectly.

Here Holiday-Rentals.co.uk offers readers some advice on action they can take to maximise the profit from their property:

  • Furnish the property ready for rental: Simple decoration with lockable areas which meets health and safety requirements are recommended, with the option of luxury items (hot-tubs, log fires, air-con et al) can also attract higher prices.

  • Advertising is key: Letting agents are the established method of showcasing property but the internet can save costs and bring property to a wider audience – allowing investors to display information such as photos, text, maps, rates and an availability calendar.

  • Ensure the price is correct: Research comparable properties and have an idea of a target audience before setting a price, with discounts for off-peak travellers.

  • Have contracts prepared: A professional and efficient service will give a strong impression, generating repeat custom and avoid problems.

  • Respond promptly to enquires: Ensuring auto-replies are set-up, preparing standard response e-mails for enquiries and updating an availability calendar regularly can all improve service.

  • Flexibility is key: Allow guests to vary the length of their stay, even out of season and be adaptable when it comes to check-in times and changeover days.

  • Have a local contact: A local contact sets holidaymakers minds at ease, 'meeting-and-greeting' clients and solving problems quickly.

  • Provide feedback: Leaving a guestbook and encouraging feedback can help to sell the property in the future.



    Comment on this story 

    Share your views with the aboutproperty.co.uk readers.
    Name 

    Location 

    Email 

    Comment 

    Enter the text shown to the right
  • Marketplace 

      From builders and DIY suppliers to decorators and garden supplies, home finance to heating and plumbing services, home furniture to accessories, bathrooms, bedrooms, kitchens and a whole lot more.

      Whatever you’re looking for you’ll find it in the aboutproperty marketplace – your gateway to all things home and garden related.

    Free Property Finder Service 

      Click here for your free easy to use Property Finder Service to search for properties that meet your needs overseas.

    For your free guide to investing in uncertain times click here.

    Features 

    Overseas property 

    Property finance 

    Forthcoming property shows 

    • France

      Property abroad in FranceAboutproperty considers the ever popular French property market as a recent boom seems to slow, perhaps making now the right time to pick up a bargain.    More...
    • Spain

      Property abroad in SpainSpain is the most popular destination for Brits looking to invest abroad and the most popular emigration destination in the world. But what is it that makes this country so enduringly popular? Aboutproperty investigates.   More...

    Overseas Property
    Overseas property investment and market news, reviews, features and analysis.