Buying with your heart or head? Or both…
July 24, 2015
One common trait we find in holiday let buyers is their emotional connection to Cornwall and the special place it holds in their heart.
Quite often they are drawn to the county because of childhood holidays and memories of playing on a beach. Nowadays they bring their own children down to create the same memories, which in turn leads to the notion of buying a holiday let as an investment.
So the decision to buy is not purely based on financial considerations; a holiday let is more often than not bought with a fair dose of personal desire to make a life-long dream come true.
And that can work to your advantage in many respects if you know when to make decisions with your head and your heart.
First of all do the numbers with the head. Factor in the running costs, such as utilities, wear and tear, and of course the fluctuating income through the year, where summers are fully booked and winters quieter, and you can ensure the venture is a success. Beach Retreats give rental projections to prospective owners to help ensure their investment is sound and covers all costs.
Choosing a property which meets the some of the essential requirements of a holiday let can also be done with the head. Off-road or allocated parking, an outside space (garden or patio), good local amenities, not being adjacent to a take-away or mail sorting office (noisy in the morning so not good for lie ins) tick the boxes which your potential guests will look for. And of course a sea view will add lots of kerb appeal.
Then the heart can be used to furnish the property. The personal touch can create a homely feel to a holiday let with design flair and attention to detail which turns a holiday let into a home. In fact one of the most popular reasons guest book with Beach Retreats is to stay in a ‘home from home’ for a week. A property which is furnished to the same standards as your home will inevitably lead to bookings success and a strong return on investment.
Beach Retreats specialise in letting contemporary holiday homes within walking distance of Cornwall’s stunning beaches. We can provide guidance for prospective buyers and existing owners on 01637 861005.