Cornwall LivingIssue #108
Consult the experts
Are you thinking of buying a holiday home to let here in Cornwall? If so, now is the ideal time to do so!
Cornish Cottage Holidays’ Property Manager, Janine Woods, shares her many years of knowledge about buying and letting holiday properties in Cornwall. “In recent years, Britain has enjoyed a staycation boom with more of us choosing to holiday in the UK rather than abroad,” she explains. “Buying a holiday home to let can be a fun and highly lucrative endeavour, but it is important to do your homework.”
The obvious place to start is via a quick phone call with the experts at Cornish Cottage Holidays. “We have been managing and marketing holiday homes successfully in Cornwall for more than 50 years,” says Janine. “We have the experience and knowledge to advise you on buying a holiday let and maximising the return on your investment.”
Things you can ask include what the best places are in which to buy a holiday home. “Aside from your personal preference,” says Janine, “a prime tourist location will ensure a high volume of bookings and a good return on investment.”
She elaborates that generally, the best locations are coastal, preferably with a sea view, and within walking distance of a beach or the coast path. “However, let’s not forget areas of natural beauty, peaceful countryside and picturesque towns and villages, which offer a different appeal.”
The next question is what do holidaymakers want from a holiday home? Janine and co. successfully let all types and styles, from character cottages to hyper-modern apartments, and everything in between, including grand-country piles, rustic barns and luxury pads. “Ultimately,” explains Janine, “it all comes back to giving holidaymakers what they want.”
Finally, you need to do your sums! “It’s a good idea to speak with us to establish what the potential income might be from your investment,” says Janine. “If you require financing to buy your holiday home, you will face increasingly stringent affordability criteria from mortgage lenders. They will often require a letter from a reputable holiday letting agent to confirm the anticipated gross weekly rental for the low, mid and high seasons.” Fortunately, Cornish Cottage Holidays is a recognised source for lenders and can provide a letter including an annual projected income to support your application. For more information, and for expert advice on how you might make the most of your Cornish holiday let, be sure to give the team a call!
Did you know?
According to Cornish Cottage Holidays, some of the highest earning features chosen by guests include:
- Outdoor space
- Luxury homes
- Added value
- Sustainable holidays
Cornish Cottage Holidays
01326 336773 (option 2)