A holiday home is a little slice of heaven. A second home, in a location you would be quite happy to visit for the rest of your life. But what can you do with the property whilst you’re not there?
Research shows that the majority of property hunters looking in Spain, plan to rent out their property as some point. That means you will have a lot of competition, in the market – especially when you consider the fact that Spain sees nearly 75 million tourists each year.
Where to start? Find the right property
It’s your holiday home, not just a rental opportunity. You need to ensure that you are buying a good property in an area you would be happy to visit – or even settle down in – for the rest of your life. However if you are thinking of renting your holiday home, it’s worth bearing in mind that there are several hazards.
It is also worth looking at areas where there will be high demand. La Manga has properties that are booked out year round, so there’s a high probability that you will have a steady stream of holiday tenants.
Another factor to consider when it comes to location is accessibility. If you buy a villa that’s a hundred miles away from anywhere, you will probably struggle to find tenants. It might also be difficult to find a dedicated lettings team that is able to travel such long distances.
Who are you targeting?
Knowing your audience is vital. It will have an effect on how you furnish the property, where you advertise it, and most importantly, it stops you from throwing away time and money on targeting the wrong people.
Securing a tenant is the best way to advertise a property. Word of mouth will bring repeat business and new tenants who you can trust to be respectful of your home.
It pays to have a full time rental agency on hand to manage your property. Marena Murray has a proven track record when it comes to property management, with decades of experience managing rentals at La Manga Club. We perform inspections, can provide references to reputable businesses like housekeeping and maintenance, and provides a speedy, reputable service through our multilingual team.
Make Sure it’s a Comfortable Home!
Ensure your home has all the essentials. Kitchen with all the utilities, a good sized TV with a satellite service, WIFI are all things people will expect as a standard. But make sure you don’t cross the line into clutter! If you’re aiming to market to families, it’s worth having a high chair or stair gate.
To find out more about how we can help you let or find the perfect holiday home, why visit our website by clicking here.
