Before you deciding to buy a holiday home for investment purposes, it is crucial that you consider all aspects.
This means taking your heart out of the equation and giving thought to rental returns which means location really is king.
When deciding whether or not to buy a holiday house or unit as an investment, you would be best served to consider location first. In fact, location has a great deal to do with the success of your investment property if you will be renting it as a holiday destination.
You need to make sure that your property location matches up with market demand.
Things to consider are travel time and expense, rent rates, local attractions and activities.
After Speaking with the Team at Unwind Holidays they made some great points about this type of Investment.
The Team at Unwind made it really clear that bookings/rent is only part of the equation, Getting the right Property Manager is Crucial. Regular Residential Property Managers typically are not equipped to manage such properties and therefore can neglect vital aspects of making your property a success.
These crucial aspects include Customer Experience, Marketing, Online Booking Sites and the different requirements of Holiday Accommodation compared to Residential Property, all of which contribute to rental returns.
Unwind goes on to say that you could manage it yourself, however it can be very stressful for a new Investor, so why not let the experts take care of it for you?
Deciding whether the investment holiday property you want will be as lucrative as you think often requires the advice of an expert, particularly for investors who aren’t as familiar with the area as residents may be, so investors would be well served to seek advice instead of taking a gamble.
Unwind Holidays adds that their team has local Hosts who are experts in specific regions and have a hands on approach to helping make your Investment is well looked after by guests and that the guests sing the praises of your property when they leave.
So if you would like expert advice regarding purchasing a Holiday House or Unit for Investment Purposes Call Alpha Home Loans on 1300 541 777 for an obligation free consultation.