Buying a holiday home; 7 steps to a wise investment
Quoting James Greenwood and Clare Coode of Stacks Property Finders
James Greenwood, of Stacks Property Search, says: ‘Open-plan works well for holiday lets, but separate utility space is worth a lot. Storage allows the owner to keep their own stuff while renting out. Parking is a strong selling point.’
His Stacks colleague Clare Coode — who lives in Cornwall — adds: ‘Think about your online appearance: property that’s Instagrammable always helps.
‘Location-relevant fixtures like marine colours and panelled walls in seaside locations are good.’
No matter how lovely the home, you’ll need to equip it well; quality furniture and fittings that will take robust wear and tear (and pets if you allow them) add to the bill.
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When making probably the most important financial decision of your life, it pays to have the right advisors at your side.
Retirement or semi-retirement is an exciting stage in life. Finding the right home to live in and enjoy it to the full is important. We know that and will do all that we can to understand what you’re looking for… before starting to search. And search we will, until we find the house of your dreams.
Relocating is time consuming and stressful. We regularly work with clients who live abroad. We hunt, short-list, prepare your viewings, and make the search process as easy as possible. We oversee the negotiations, manage the conveyancing, and deal with the headaches, so you can concentrate on other aspects of your move.
A holiday home is often an interesting mix of investment and heartfelt connection. You want to use it, but you may well also be keen for others to use it too. We can advise you on what factors to consider in making your decision. And we can then find the perfect holiday home for you to enjoy.
Others say, ‘location, location, location’. We say, ‘location, purpose, price, capital growth, rental returns’… the list goes on. Knowing the market is critical. Local knowledge is key. We ensure all aspects of your investment decision are addressed. Finding, analysing, negotiating, and completing… it’s what we do.
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