Best location for your holiday home07 August 2012
Whether you are thinking of buying a holiday home in an up and coming area, or in a location that you’ve been coming to for years, if you are planning to use it as a furnished holiday let then there are a few things you will want to consider.
How to select the ideal location for your holiday home
Whether you are thinking of buying a holiday home in an up and coming area, or in a location that you've been coming to for years, if you are planning to use it as a furnished holiday let then there are a few things you will want to consider. One thing you will need to bear in mind is that you will need to find holiday home insurance to protect your property. You will also need to think about the issues that might affect your home's marketability, and a lot of this is related to the location you choose.
Transportation and infrastructure
Transportation and infrastructure are considerations that can make or break a holiday home investment. This is something you will want to think about for your own benefit as well. You should factor in how far away your main home is from your holiday property, as lengthy journeys can deduct from your enjoyment of the holiday. Thinking about how good the roads are and what other popular destinations en-route might obstruct a smooth journey, can help you figure out how quickly you can commute between your two homes. When you live far away from your second home, this might also negatively impact against your holiday property insurance with some standard insurers.
Holiday home hotspots
The current and future holiday home hotspots might influence your decision about where or where not to buy, especially if you have budgetary requirements to consider. You are likely to want to buy low and sell high, as you might with any investment, so finding a bargain will likely be a priority. If you can identify an emerging hotspot early then you could maximise the profit you stand to make, and a good way to do this is identifying locations that are about to undergo investment in community or tourism regeneration. No matter where you buy, you should always have suitable holiday house insurance in place.
The local amenities available should be a central concern for any holiday home buyer. Whether you intend to use the property yourself or as furnished letting premises, it is important to think about how far it is to the nearest local shops or services. It is usually a good idea to be relatively close to a local shop, good local pubs or restaurants. This also extends to local tourist attractions, such as good beaches for surfing or nature reserves for rambling. If you aim to appeal to families, then family friendly attractions nearby will also be a plus. Whoever you are hoping to appeal to, you need to make sure your property is protected with holiday home insurance.
It can be difficult to get the holiday house insurance cover you need from a mainstream insurer, as furnished holiday rental properties are often perceived as being at greater risk than main homes. With HomeProtect this is not the case, as we specialise in non-standard home insurance situations. With HomeProtect you can get a competitive online quote for holiday property insurance no matter how you are using your holiday home. As long as your property is on fixed foundations within the UK, HomeProtect can cover it with holiday home insurance.
Find our about some fantastic additional services
Our lost keys cover provides up to £1,500 cover for locksmiths charges, new locks & keys, car hire and onward transport costs following the loss of your keys.
Home Emergency cover offers an emergency assistance telephone helpline 24 hrs a day, and covers the cost up to £300 per case to repair a whole range of emergency situations that might happen at your holiday home.
Legal Expenses cover provides a legal helpline to assist you with any personal legal matter during the term of your insurance policy.
Contents insurance to protect your possessions
Contents insurance protects the things you own. If you had a burglary and things were taken or you suffered a fire or flood, your contents insurance would pay to help you replace your lost or damaged belongings. HomeProtect can provide the contents insurance you need to cover your possessions in your holiday home.
Buildings insurance to cover the fabric of your holiday home
Buildings insurance is household insurance that will cover the fabric of your holiday home. Buildings insurance would pay to rebuild your property should you have a fire or would pay for repairs if your property was damaged by a falling tree for example. Whether your holiday home is a bungalow, a three story town house or any other building, trust HomeProtect to provide the buildings insurance you need.