Buying a holiday home is a dream for so many people. Owning a piece of paradise which is a complete home from home, a place of rest and relaxation, which reinvigorates and re-energises, can give a sense of purpose to the mundanity of a working life.
But as well as being a dream, it is also an investment, and you want to make sure that you explore which are the best holiday homes to buy in the UK, which are the best places for a holiday home, and consider all the different decision making processes you need to go through to ensure you make the right choice at the end.
First and foremost, examine the reasons why you want to buy a holiday home.
Location: often people go to the same place year after year simply because they love it. They consider it to be the best place to buy a holiday home because they love it so much, and as an area it is as much their home, as their every day home. Your home may be in Birmingham, but your home is also your favourite place to stay near the beach in Wales. Both Aber Bay and Sunbeach have visitors who come back year after year, sometimes several times a year. Many of these regular visitors are looking to invest in a holiday home for their future retirement, and the location is key to their decision.
Generating a second income: If you are wanting to help make your investment pay for itself, then you may be considering renting out the property during the weeks and months that you are not using it yourself. This is a popular option as it not only helps you to cover the cost of running and maintaining a second home, if purchased in a popular location it can prove to give you quite a lucrative second income.
A bit of research into the best holiday homes to buy in the UK will give you valuable insight into what you should be looking for when researching both the location and the type of home you want to buy. A holiday home at Aber Bay, for example, is the ideal investment location for the thousands every year who are seeking the best places to stay near a beach in Wales. On the other hand, there is a large demographic who relish the countryside, and would prefer a getaway which offers them opportunities for hiking, jogging and cycling in natural surroundings.
As well as taking into consideration the natural surroundings for your potential holiday home investment, you also want to take into consideration the facilities that are on offer. Are these facilities attractive to you as a potential purchaser – but even more importantly, are these facilities important to your potential renters?
Popular facilities that can be found across our static caravan parks include swimming pools, children’s’ play parks, outdoor activities such as walking, fishing and cycling. Are you a doggy person? Is it important for you to have a location which allows pets, and will you also allow your renters to take their pets too?
Is ease of access an issue too? Is the holiday park located close to public transportation for those who don’t have cars? Are there shops and eating facilities on site? Is there a bar or restaurant with regular entertainment?
Costs: The price of the holiday home is obviously going to be a big factor in when and where you buy your holiday home. Like any property, location plays a high part in the value of a holiday home, and these prices can vary quite considerably. Even across our own holiday caravan parks in both the UK and Wales, there is a variation in price that reflects the average value levels across that region as a whole.
You also need to take into account the running fees of the site, and these should be made clear to you when going through the buying process. An outline of the additional costs you need to consider are: pitch and site fees, utilities, caravan insurance, local council rates, internet connection, TV license. You also need to consider the cost of setting it up – beds, bedding, TV, furniture, pots and pans, cutlery – everything down to the corkscrew!
Buying your holiday home may feel like a daunting task, but we can help you at every stage of the process, from choosing the right location, to renting it out on your behalf. If you would like to discuss your options more, do contact us at your convenience.
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