Luxury Holiday Cottages for Sale Can Be a Wise Investment
Posted: Mar 19, 2015
More and more people are opting to invest in a second home. This means that Holiday cottages for sale are progressively becoming a more viable way of investing money.
Figures from the Office of National Statistics, taken from a census completed in 2011, reveal that more than 1.57 million people maintain a second address that they use as a holiday home for more than 30 days in a year. This number constitutes about 2.8% of the total residents of England and Wales. Consequently, it can be seen that holiday cottages in the countryside are fast becoming a favored property investment.
Why invest in a Holiday Cottage?
Property investment has globally been found to be a more secure investment in the long term, especially in today’s speculative environment, and hence investing in a second home is favored. Add to this the stress level of today’s professional life which often necessitates a break from the mundane and strenuous job you have. A holiday cottage thus gives you not only a mode of securing your investment but also affords you a getaway from daily stresses.
Income from a Holiday Cottage
Most holiday cottages for sale are usually located in beautiful surroundings. Also, on an average, a person in the UK is found to spend only about 30 to 45 days in a second home, leaving it free for the most part of the year. Joining a programmer that will help you let it out when not in use could help you earn some extra money. Most locations will have a peak season when occupancy might be high but margins lower due to competition, but a little thought could help you ensure that your occupancy extends beyond the season, and that’s when you will make your profit.
The total impact of picking up a luxury holiday cottages for sale has to be considered from a number of angles. The first and foremost thing to think about is that this is a property investment, and will tend to pay any dividends over a long term. If you can let the house for rentals while you are not using it, then this will return you some more money. The trick is to be able to break even on the maintenance and operating costs from all of this. Now offset this with the cost of renting out a similar property while on your holiday. You can, therefore, see that you should be able to earn money from this property.
Getting away from the hustle and bustle of everyday life, even if just for a few days every now and then, isn’t just a wish. It’s a necessity. Watermark is the jewel in the crown of the Cotswold Water Park.