On this page you will find details of links to websites promoting
holiday homes for sale or villas to rent all over the world...
Millions of people across
the world you have enjoyed a growth in their incomes and standard of
living, have subsequently purchased a second home or a holiday home
(either to visit to enjoy themselves or as an investment). There are
literally thousands of property websites on the Internet advertising
holiday homes to buy or to rent. These make it easy for potential of
homeowners to buy the property direct from the seller or quickly contact
the sales agent to arrange a viewing or discuss the particulars. The local
agents will have a good knowledge of local issues such as traffic
conditions, future of local building developments that may impact the
profitability of the holiday home let, as well as a feel for rental
values, resale prices and the market conditions and trends.
Buying a holiday home
abroad by a daunting task if you are ignorant of the laws and regulations
of that country. News headlines highlighting the issues of the land grab
in mainland Spain and general legal arguments regarding ownership of
property following an inheritance, have provided pause for thought for UK
investors and would be holiday homeowners. The first step is to visit the
potential area and meet a number of independent estate agents and find a
good local lawyer who can explain the legal process from start to finish.
Identify the area you plan to visit based on your market research. Is
there a new low cost airline about to base itself in a particular local
Airport near to the area you are considering? Is it a popular holiday
hotspot already and therefore saturated with empty holiday homes? What is
the general economic market trend for that country? How much money can you
afford to spend on the investment based on a potential UK remortgage
situation or an ordinary overseas mortgage? These are all basic questions
to be answered before you even make for your investigative holiday trip.
Home owners who are
considering managing a holiday let, need to consider the weekly
maintenance issues relates to owning a holiday home. If the property is
located in a foreign country, is it reasonable to assume you can
effectively handle day to day maintenance issues remotely? or is it more
cost effective (in terms of your personal time) to employ a local agent
near to the property. The hassle of taking bookings and dealing with
cancellations and Tennant enquiries can be time consuming. To minimise on
the cost and hassle for maintaining a holiday let it is sensible to
ensure:-
- You employ a qualified
agent you can trust to care for your property in your absence;
- The holiday home is
cleaned and tidied after each short-term tenant has departed from their
holiday;
- That are all rubbish
and local newspapers and junk mail are cleared as part of a cleaning
exercise;
- The property
maintenance company tests boilers and cleans drainage pipes on a regular
basis;
- Electrical systems are
checked and smoke alarms maintained for batteries;
- Any safety literature
related to furniture that requires a minimum regulatory standard be kept
in the property;
- You carefully checked
by the credentials of the property maintenance company or local letting
agent that is tasked care for your property in your absence;
- Property is fitted
with adequate more but are locks and in areas where higher vacancy rates
occurred such as Spain or elsewhere on the continent, windows have
adequate to grills to put off potential burglars.
- That your holiday Home
Insurance policy provides an against the possible risks such as
flooding, fire, earthquake and burglary.
- There is a process for
handing keys back so that new tenants can access the property without
any stress whatsoever.
With the global credit
crunch of 2008 impacting the number of Mortgage Products available for
holiday investment as well as the confidence of investors generally,
decide whether you are investing for capital gain all a monthly rental
income. Look at the existing returns based on a percentage and compare
these to other forms of long term investment.
