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Rents From Larger Holiday Homes |
Large UK holiday
homes with plenty of bedrooms are benefiting from a growing trend
in group holidays.
Whilst couples
who traditionally rented a small cottage for their main holiday
are now jetting off abroad, the UK holiday home market is reinventing
itself to cater for long weekend breaks. These weekend breaks are
particularly popular with large groups of friends and extended family
gatherings.
To capitalise
on this opportunity, investors are buying up larger properties or
converting smaller terraced properties by knocking through walls.
Although purchasing a larger property will be more expensive than
a two bedroom cottage, it is possible to collect up to £2,000
per week during the peak rental period, whilst the smaller cottage
may only bring in about £350.
However, there
are warnings about putting all your eggs in one basket and many
investors would prefer to own a portfolio of smaller cottages, as
they feel they are easier to fill without the hassle of large group
bookings. They also point out that large groups of families will
lead to higher maintenance costs.
The advice from
those who have already bought large holiday properties is to be
prepared to spend some money to ensure the interior is modern and
comfortable.
Clients will
expect nice furniture, fully equipped kitchens, modern bathrooms
and all the latest gadgets such as a Playstation, a DVD player and
Sky television, to keep the kids happy if it rains.
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