Maximise your rental income
Whether you have a second home you let out on an occasional basis or you’ve purchased a number of holiday properties in the local area, maximising your rental income is important if you want to make the most of your investment. To help your property achieve its full potential, we’ve put together our top tips for increasing your income.
ALLOW PETS
The beautiful East Anglia countryside, and the fantastic choice of walking routes available, make The Broads and the surrounding area a great destination for dog walkers. As a result, a lot of holidaymakers heading to the region want to bring their four-legged friends along for the trip. If you allow pets in your holiday let, you’ll find your property is in increased demand and you may well be able to put your rates up.
FLEXIBLE ACCOMMODATION
Not all holidaymakers travel as couples, families or in groups of two, four or six. Providing flexible accommodation like sofa beds will make your property more versatile, allowing your guests to configure the sleeping arrangements in the way that suits them best.
WIFI
These days, having Wi-Fi in a holiday let is essential. Most visitors will expect to be able to check their emails, stay in touch with friends and family and stream films and TV during their stay. Having Wi-Fi in your rental property will allow you to maximize your income.
STAY THERE YOURSELF
In order for a holiday let to achieve its full rental potential, it needs to be homely, welcoming and in good condition. Putting a week or two aside every year to stay in the property yourself will give you the opportunity to make sure everything in your holiday home is running smoothly and to think about any improvements that could be made to the property.
KEEP YOUR CUSTOMERS HAPPY
A few thoughtful extra touches can make a big difference to how customers perceive your property and how happy they are with their stay. Always ensure your property is as clean and tidy as possible, equip it with a choice of books and games and create an informative welcome pack to help your guests make the most of their stay in the region.
CONSIDER ALL SEASONS
As The Broads are popular with walkers, nature lovers, anglers and families, properties in the area are in demand throughout the year. Make sure your holiday home is equipped with features for all seasons. A BBQ and patio furniture will help visitors to enjoy the space in the summer months while a wood burner will ensure it’s warm, cosy and welcoming throughout the winter.
ALLOW SHORTER STAYS
Often, the more flexible you are the more bookings you receive. This is especially true in low season when holidaymakers may want to stay for a long weekend or even just a night or two. Allowing short stays will help you to boost your rental income and ensure your property brings in as much as possible.
To find out more about letting out a holiday home in the Norfolk area, explore our site or contact a member of our team.