Buying & Renting a Holiday Home in the Sun
For those who think buying a holiday home, to rent, is an easy way to make a profit on your investment you should be aware that it isn't as easy as it sounds. To start with, there are over 500,000 holiday home owners in the UK - and most of them rent out their property. You can expect high out goings, management commission and fees, insurance bills, and the usual household bills.For anyone considering buying a holiday home, to rent, these six pieces of advice will be invaluable.LocationChoosing a good location is vital,not only because you want a location which is popular with holidaymakers, but also one which is not overly competitive. Destinations like Florida and Spain have, over the years, become highly competitive with thousands of holiday villas available for rent. It is important that you look for facilities close to the home - restaurants, bars or shops, particularly since holidaymakers will be catering for themselves.Type of accommodationThink about your target customers.
If you are targeting families, then buy a two or three bedroom holiday villa, near popular family attractions. If it is couples or small groups you are hoping to attract then look at buying a two bedroom apartment near shops, bars and restaurants, beaches, and golf courses. For smaller groups, or groups of adults "space" will be less of an issue.Buying a one bedroom apartment will restrict you to couples, or two adults only. Huge five bedroom houses may sound good, but for short haul destinations like Spain, a three bedroom holiday home will suit most holidaymakers, and large houses may put people off renting your home.Property ManagementEmploy a management company or be prepared for hard work. Managing a holiday home involves home repairs, passing keys to holidaymakers, changing linen when the holidaymaker departs, garden up-keep, plus dealing with emergencies such as visitors locked out.
Bear in mind that most property management companies charge commission for getting holidaymakers to book your home, instead take the responsibility of promoting your holiday home on yourself.Property featuresKeep the property up to date. DVD's and CD players are no longer luxuries. Competitiveness is a big issue for owners nowadays.. no matter where your holiday home is located, be it Portugal or Cyprus, you have to offer something a little unique from other owners, perhaps discounted tours, free car hire. These extras may cost you in the short term, but over the year it may raise the percentage of bookings that your bring in.Insurance & Fire certificatesMore importantly, fire regulations mean that extinguishers and flame-resistant furniture are a must.
Contact local town halls to research if you need any fire certification or complete any legal procedures, before renting out your holiday home. You must get the right insurance cover and property management companies often insist on public liability insurance of ?1m plus, costing between ?200 and ?500 a year.FinancesDon't listen to anyone who says they can guarantee you 52 weeks of bookings for your holiday home. Before you buy a holiday home you must look at how many weeks bookings you require to make ends meet. This is especially important if you want to make a profit from your initial investment. Keep your accounts and finances in order.
Much of your costs will be spent on management fees, holiday home insurance, property repairs, decoration and essential travel to and from the house - some of these can be set against tax and offset against non-property tax bills..
32 yr old, Darren Cronian has worked in the Holiday industry for the past four years, and has gained valuable experience and knowledge from listening to experts within the travel industry. During this time he has slowly built up his online business 'Worldwide Holiday Homes' from a hobby website to a growing UK business based in Leeds, West Yorkshire.Make More Sales By Airing Your Dirty Laundry
There's an old saying, "Don't air your dirty laundry".If you're selling any product or service either online or offline this is horrible advice.You see sooner or later, your customers are going to find out the negative aspects of your product. Call it kama if you like, but they will.
And when they discover it, at the very least you'll lose credibility, generate higher refunds and lose customers for life. At the worst your business reputation will get entirely trashed.This doesn't even take into account your prospects. If your product raises objections with actual customers you can be sure
your prospects will pick up on them too.
This is not voodoo. Every point of sale has a vibe. People pick up things unconsciously. If they get an adverse feeling then they back out and you lose another sale.So what's the answer? Air your dirty laundry. In fact be proud of it! If you point out any problems upfront then you're in control.
Let me give you an example...A friend...
Make More Sales By Airing Your Dirty Laundry
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Purchasing coffee products and the insurance question
On how many accessions have you visited an a coffee warehouse or food and drink merchant so you could obtain a product such as a italian coffee machine or italian coffee grinder only to be asked by the salesperson "would you like insurance with your merchandise"? this is a question that most people acquiring coffee products either can't bear or have grown used to, some folk would possibly be puzzled if the employee working in a food and drink business or coffee warehouse didn't ask them this as they obtained their goods.
Before I launched my own modest coffee store I recall visiting a food and drink store and purchasing a office coffee blender and a large amount of coffee merchandise and extra's, I made my way to the checkout counter to give them the money for my food and drink products and was indeed asked if I required some extra cover. Now as it turned out I turned down the assistants offer and just a few weeks later my precious coffee purchases were robbed...
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