It's not just getting information about holiday home insurance that's important when buying a holiday home; there are numerous other issues to consider. In the third part of our series, we look into other key factors that will help you decide whether or not a property is right for you.
7. Look over the books
Don't just take the current owner's word for it – take a look over the books. This will give you a realistic idea of how much you can expect to make from letting the property. If the income falls below what you need or want, it may be time to reconsider.
8. Look for niche markets
Even if there is a general market to tap into, there may be other opportunities available that you have not noticed. For example, food lovers, couples looking for a romantic getaway, golf lovers, bird watchers, those looking for dog friendly accommodation, non smokers; the list goes on and on. By making it clear that you cater for such a niche group, you are increasing your chances of capturing their business.
9. What are holiday makers looking for?
You may be happy with your remote woodland bolt hole, free from TV and central heating, but other potential holiday makers may not be so keen. If your aim is to maximise the occupancy of your holiday home, then don’t try to be too clever: ensure the mods cons desired by the masses are fitted to your property. There's no point trying to re-invent the wheel.