Rural Property Is A Great Idea For Holiday Home Investors

We all know circumstances change, and this is why some rural homeowners are looking to sell up and move to a town or city. The supply of rural property means there is an opportunity for investors, and there is a lot to be said for investing in a holiday home in this part of the country.

If you are looking for a way to meet the needs of people who want a break from the city, but who are unwilling to do so permanently, you have an opportunity to buy a rural property, and use it as a holiday home.

As rural property specialists, we are well placed to assist you, and here are some key factors to consider when it comes to investing in holiday homes.

1. Location

When considering investing in rural holiday property, one of the most important factors to consider is the location of the property. The property should be located in an area that is popular with tourists and has good transport links. It is also important to consider the local amenities and attractions, as this will help to determine how popular the property will be with guests.

2. Size

Another factor to consider when investing in rural holiday property is the size of the property. The size of the property will determine how many guests it can accommodate and how much income it can generate. It is important to strike a balance between a property that is too small and one that is too large, as this will help to maximise occupancy levels and generate a healthy return on investment.

3. Condition

When considering investing in rural holiday property, it is also important to consider the condition of the property. The condition of the property will have a direct impact on its rental value and its ability to attract guests. A well-maintained property in good condition will be more attractive to guests and will command a higher rental rate than a property that is in need of repair or renovation.

4. Furnishings

Another factor to consider when investing in rural holiday property is the furnishings that are included with the property. The furnishings should be of a high quality and should be suitable for the target market. For example, if the target market is families, then the furnishings should be child-friendly. If the target market is couples, then the furnishings should be more luxurious.

5. Pricing

When setting a price for rural holiday properties, it is important to consider both the nightly rate and the weekly rate. The nightly rate should be competitive with other properties in the area, but not so low that it undercuts them significantly. The weekly rate should be set at a level that allows for a healthy return on investment while still being affordable for guests.

6. Marketing

Finally, when investing in rural holiday property, it is important to consider how you will market the property. There are many different marketing channels available, including online listings platforms, travel websites, and print advertising. It is important to select a mix of marketing channels that will reach your target market effectively and generate bookings for your property

Contact Prestige & Village for all your property market needs in 2022

At Prestige & Village, we care about our community, and supporting others. We aim to provide you with as much help and assistance as we can. If you have any property or housing questions, please feel free to contact us today.