Accidents happen. Fact. And as a holiday cottage owner you need to expect some damages at one point or another....
It’s fair to say that if you are looking at buying an investment property in the Cotswolds, you are giving yourself an excellent chance of making money.
But, how exactly do you choose a second home which you can enjoy whilst still being profitable as a holiday let?
The Cotswolds is the largest UK Area of Outstanding Natural Beauty and as a result, is one of England’s most popular holiday destinations. Known all over the world for the beautiful honey-coloured Cotswold stone, open fields and picture-perfect villages, the Cotswolds makes for a superb holiday home destination.
The natural beauty in the Cotswolds has attracted visitors to area for years, but more recently the huge growth in restaurants, pubs and fantastic festivals has added to the history and culture. Additionally, you’ll find some of the UK’s most wonderful attractions, meaning that the Cotswolds is ever becoming more popular and this is set to continue.
When looking for a property in the Cotswolds with the view of being able to rent it out as a holiday let, think about what YOU might like from a property when you are on holiday yourself, not what you would like from a property that is your main abode.
Village locations are good, often visitors like to be able to walk to the local shops, cafes and pubs. As many of the Cotswold towns are quite small (and village-like in their feel) these are considered a great choice as well.
You won’t be surprised to hear that the more bedrooms (and bathrooms) a property has, the higher the potential income. Having a cottage which caters to larger families and groups of friends means more responsibilities i.e. upkeep, but equally higher reward. Similarly, properties with gardens are of high appeal, but again require more care and therefore small gardens may be preferable as they are easier to manage between guests stays.
House prices in the Cotswolds are above the national average and the traditional period properties, many of which are Grade II listed, are very much sought after. But, they have been sought after for many years so the chances of retaining value is very good!
Finding the perfect property may take some searching, but good things come to those who wait, and that is a good thing to remember when looking to buy a second home in the Cotswolds. Wait for just the right cottage and you will have a steady income from it for years and years.