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June 1, 2012

Make the most of the buy-to-let boom with a holiday cottage

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Written by: admin

The UK buy-to-let market is booming, with Brits eager to invest their assets in a second or third property to provide extra income. With the value of pension pots being cut by quantitative easing and savings not offering much, many people see it as a good way to provide an income in retirement.

One way to make buy-to-let a real money-spinner is to purchase an attractive cottage in a popular area for holidaymakers. This way, you save money on your holiday accommodation and receive a lucrative income at other times of the year. It may seem like a lot of work to organise tenant after tenant on a short-term basis, but firms such as Rent My Cottage can take care of this for you for a small fee.

However, if you do decide to let a property, you must keep it regularly maintained if you want to maximise your returns. Well-presented, clean and attractive holiday cottages will benefit from word-of-mouth recommendations which ensure a steady stream of tenants; those which are shabby and in need of repair won’t enjoy the same reputation. In order to keep the property in good order, you should do some research and build up a network of local tradesman you can trust to complete work to a good standard at a fair price.

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