Why Rent Your Second Home?

The Beach House Mawgan Porth

The scenario will be familiar to a lot of second home owners out there: you buy a second home in your favourite holiday spot that you’ve been visiting for years so that you can escape at the drop of a hat along the motorway for a long weekend. No hotels or planning, no fuss. It sounds idyllic, but in reality, work and other commitments tend to restrict how much time we can realistically spend in our home-from-home. And soon your dream house by the sea threatens to sit unused and neglected for the majority of the year.

It’s in circumstances such as this that your beautiful second home could be turned into a source of healthy income, providing a holiday home in the weeks that you don’t choose to stay at the house yourself. Choosing to rent your property out will be financially beneficial to you as the owner and economically beneficial to local community and businesses if you can fill your property with visitors when it would be otherwise empty.

Some owners may be initially hesitant about allowing people to pay to stay in their pride and joy – and it’s true that the large footfall of guests coming and going can cause reasonable wear and tear – however with the correct preventative and proactive care, maintenance and management, these fears should remain unfounded. We’ll be going into more detail about preventative care with regards to choosing the correct materials, furnishings, and being proactive with problems as soon as they arise in an upcoming blog post full of tips and tricks.

Renting out a property as a holiday home is a business in itself and can be extremely time consuming, which is why for some, utilising a holiday lettings agency may be the best solution. All agencies differ in the services they provide, but here at Perfect Stays we offer a complete package to our owners – managing bookings, security deposits and liaising with property managers to remedy repairs and keep on top of maintenance.

To give you an idea of what you could expect to earn by renting out your holiday home, we’ve put together some case studies of our existing properties and their gross revenue for 2014 below.

Location Rock, Cornwall
Sleeps 11
Features Sea views, great audio visual equipment, contemporary interiors, log burner
Short Stays from £1500
Peak Week
£5100
Start Date
2011
Gross Revenue 2014
£102,000
Number of Nights 2014
184

 

Location Polzeath, Cornwall
Sleeps 8
Features Sea views, enclosed garden, dog friendly, contemporary interiors
Short Stays from £900
Peak Week £3300
Start Date May 2012
Gross Revenue 2014 £74,900
Number of Nights 2014 203

 

Location Mousehole, Cornwall
Sleeps 10
Features Sea views, quirky interiors, dog friendly, large grounds, cinema room
Short Stays from £1100
Peak Week £3800
Start Date May 2012
Gross Revnue 2014 £74,000
Number of Nights 2014 196

 

You can find out more about becoming a Perfect Stays owner here, or feel free to call us to discuss on 01208 895570.