BEST OF CORNWALL 2020 Fancy a second home in Cornwall? · a jewel in the crown of Cornwall and a...
5
Fancy a second home in Cornwall? What sort of property and where to buy? • In terms of what sort of property a good rule of thumb is to buy the biggest your budget will allow you to both purchase and, if it hasn’t already been done, to fit out to a very high standard. The ‘both’ is very important. A good property in a poor decorative order is likely to be less appealing to potential customers than a cheaper property in first class order. • When considering where to buy it is worth bearing in mind that history tells us that in rental terms the north coast fetches a premium over the south coast, coastal wins over inland and a property in east Cornwall will rent for more than a comparable one in the west of the county. • Views are a definite plus. • Additional items such as a pool, firepit, sauna or hot tub will help the property stand out from the competition. • Having flexible sleeping arrangements is an advantage. This can be achieved by the use of zip beds but you will need the rooms to be of a certain size. Also, whilst on the subject of beds the bigger the beds the better so, if you can, avoid small bedrooms. • If possible every bedroom should have an en-suite bathroom. Sharing bathrooms is a turn-off and somewhere with two bedrooms with en-suites will win over a similar property with three bedrooms and one bathroom. • Having a ground floor bedroom and bathroom will be attractive to those with reduced mobility. • If you are going to appeal to the large dog owner market, the vast majority of whom are very responsible, then an enclosed garden, outside tap and wooden or stone floors will attract those wishing to holiday with their four-legged friends. • Wi-Fi is a pre-requisite in today’s world. • When you are first setting out down this path, and definitely before signing on the dotted line, it would be well worth your talking to a letting agent. A little specialist advice could make a big difference! If you are thinking of buying a second home in Cornwall (and is there anywhere better!) there are a few things to consider. The big question is are you likely to want a rental income from the property? If the answer to that question is no then the normal subjective home purchasing criteria apply. If, however the answer is yes then a bit more thought needs to be given in order to maximise the return on your, not inconsiderable, investment. Portscatho Holidays 75 BEST OF CORNWALL 2020
Transcript of BEST OF CORNWALL 2020 Fancy a second home in Cornwall? · a jewel in the crown of Cornwall and a...
Fancy a second home in Cornwall?
What sort of property and where to buy?
• In terms of what sort of property a good rule of thumb is to buy the biggest your budget will allow you to both purchase and, if it hasn’t already been done, to fit out to a very high standard. The ‘both’ is very important. A good property in a poor decorative order is likely to be less appealing to potential customers than a cheaper property in first class order.
• When considering where to buy it is worth bearing in mind that history tells us that in rental terms the north coast fetches a premium over the south coast, coastal wins over inland and a property in east Cornwall will rent for more than a comparable one in the west of the county.
• Views are a definite plus.
• Additional items such as a pool, firepit, sauna or hot tub will help the property stand out from the competition.
• Having flexible sleeping arrangements is an advantage. This can be achieved by the use of zip beds but you will need the rooms to be of a certain size. Also, whilst on the subject of beds the bigger the beds the better so, if you can, avoid small bedrooms.
• If possible every bedroom should have an en-suite bathroom. Sharing bathrooms is a turn-off and somewhere with two bedrooms with en-suites will win over a similar property with three bedrooms and one bathroom.
• Having a ground floor bedroom and bathroom will be attractive to those with reduced mobility.
• If you are going to appeal to the large dog owner market, the vast majority of whom are very responsible, then an enclosed garden, outside tap and wooden or stone floors will attract those wishing to holiday with their four-legged friends.
• Wi-Fi is a pre-requisite in today’s world.
• When you are first setting out down this path, and definitely before signing on the dotted line, it would be well worth your talking to a letting agent. A little specialist advice could make a big difference!
If you are thinking of buying a second home in Cornwall (and is
there anywhere better!) there are a few things to consider.
The big question is are you likely to want a rental income from the property?
If the answer to that question is no then the normal subjective
home purchasing criteria apply. If, however the answer is
yes then a bit more thought needs to be given in order to
maximise the return on your, not inconsiderable, investment.Portscatho Holidays
75
BEST OF CORNWALL 2020
A few things you might want to consider are:
• Letting agents should have equivalent
properties to rent.
• How long have they been letting
holiday properties in Cornwall?
• Look at their websites which should be
modern in appearance, up to date, easy
to navigate and ideally have videos of
the properties to let. In other words
they should have everything that you
would want if you were looking for
somewhere to rent for a holiday.
• Do they have a 24 hour guest
helpline?
• The agent should be able to maintain
the property and sort out any
problems in a
timely manner.
• Do they offer concierge facilities
which can be a great help for guests
who may only be down for a few
days with no knowledge of the local
area?
• Do they have first class cleaning and
house keeping services?
• Help with legal compliance. There is
a fair bit of red tape to cut through as
a holiday property owner to stay on
the right side of the law. Things like
specialist insurance, risk assessments
and pat testing are but a few. A good
letting agent will help steer you
through what can be a minefield.
• How much rental income per annum
do they think they can achieve for you
and how much will you have to pay
them in return?
When we go on holiday most of us want more than we have at home. We want
to stay in accommodation which welcomes and pleasantly surprises us. Whether
it be more comfort, or more luxury, or maybe even more simplicity. Whatever we
look for in our holiday home, we expect to get what we imagine we have paid for.
So if you are looking to go into the letting business consider the variety of
customer you will have to accommodate and you may want to take some design
advice before you take the plunge. Or what if you already own somewhere you
want to let, but you realise that your property is not earning as much as you had
hoped; maybe the reason is, it is tired and needs some updating. Take care, many
of us think we are okay at interior design and we ‘can do it ourselves’. However,
many DIY interior designers miss that certain ‘something’ which in many cases will
turn out to be an expensive mistake.
A good interior designer knows that the design of a holiday home needs to be
treated in a different way to a permanent residence. It has to work not just for
the holiday-maker but for the owner as well. They can tell at a glance whether, it
could be just a matter of moving some furniture around, de-cluttering, and adding
a few different accessories which will make the difference. Surprising as it may
seem sometimes thinking outside the box and simply tweaking here and there,
can increase earnings dramatically without breaking the bank.
Once you’ve bought your property how are you going to market and manage it?
How do you maximise your return?
Can you do it yourself?
The answer is likely to be no and so a letting agent is the obvious answer. But there are
letting agents and letting agents.
What sort of property and where to buy?
So how do you separate the wheat from the chaff?
The Roseland Is Your Ideal Holiday Destination…� e Roseland Peninsula is a wonderful location for your holiday and wherever you choose to base yourself, it will be
close to the spectacular coast path, sweeping sandy beaches and stunning countryside on o� er in this outstanding year round holiday destination. Whether you choose a traditional holiday cottage as a rural retreat, a property in the heart of a village or a modern property for the height of luxury, one of our specially selected
holiday properties will be the perfect start to a memorable holiday.
Talk to us on 01326 270900 or email us at [email protected]
www.portscathoholidays.co.ukPortscatho Holidays, 3 The Quay, St Mawes, Truro, Cornwall, TR2 5DG
WELCOME TO THE ROSELAND PENINSULAa jewel in the crown of Cornwall and a truly remarkable place to take your holiday
✔ Breathtaking views ✔ Stunning coastal scenery✔ Safe family beaches ✔ A haven for sailing and watersports
Cornwall Living Cotswold Edition.indd 1 13/06/2019 16:11
Fisherman’s Loft, Porthleven Holiday Cottages
76
BEST OF CORNWALL 2020
The Roseland Is Your Ideal Holiday Destination…� e Roseland Peninsula is a wonderful location for your holiday and wherever you choose to base yourself, it will be
close to the spectacular coast path, sweeping sandy beaches and stunning countryside on o� er in this outstanding year round holiday destination. Whether you choose a traditional holiday cottage as a rural retreat, a property in the heart of a village or a modern property for the height of luxury, one of our specially selected
holiday properties will be the perfect start to a memorable holiday.
Talk to us on 01326 270900 or email us at [email protected]
www.portscathoholidays.co.ukPortscatho Holidays, 3 The Quay, St Mawes, Truro, Cornwall, TR2 5DG
WELCOME TO THE ROSELAND PENINSULAa jewel in the crown of Cornwall and a truly remarkable place to take your holiday
✔ Breathtaking views ✔ Stunning coastal scenery✔ Safe family beaches ✔ A haven for sailing and watersports
Cornwall Living Cotswold Edition.indd 1 13/06/2019 16:11
77
BEST OF CORNWALL 2020
Full page ad
Successful letting properties look good!
Portscatho Holidays
At the other end of the scale when the purse is larger
it could be that more drastic measures can be taken.
Perhaps knocking down an interior wall or adding one,
opening up a doorway by a few inches, and laying a new
floor will make the change required. Maybe it is new
lighting which is needed or just a dimmer switch to alter
the mood. A good designer appreciates that it is not only
the colour but the right texture of the soft furnishings
that need to suit the property which can make or break
it. When ‘Letting’ is your business rather than Design,
sometimes it is hard to see what a difference a few
changes can make to your income.
Interior design companies have access to thousands of
fabrics, different types of flooring, lighting specialists,
furniture and accessories suppliers. They have a trained
eye and can see quickly what needs to be done and
which companies will provide what, to fit in with your
requirement, your budget, the type of holiday you are
offering and the type of property you own.
We have some extremely good interior designers in
Cornwall who generally can budget for any size of purse
and design. But when you decide to take one on, go
and see a few and chat over what you hope to achieve
because design is subjective and you may find that one
designer is more to your taste than another.
MAYBE IT IS NEW
LIGHTING WHICH IS
NEEDED OR JUST A
DIMMER SWITCH TO
ALTER THE MOOD
78
BEST OF CORNWALL 2020
Holiday homes
from just £12,495
*
THE NEW NAME
FOR MULLION HOLIDAY
PARK
Sat Nav: TR12 7LJ*Prices vary between models and Parkdean Resorts parks. Subject to availability. All prices include VAT. Images are for illustration purposes.
Pop in to see us on park or call: 01326 241 866
See where holiday home ownership could take you...We’re investing over £1.8 million in Mullion Holiday Park throughout 2020 and we can’t wait for you to see what’s new! As part of this you’ll see a brand new name; Lizard Point to highlight the park’s beautiful location close to the stunning Lizard Coast.
Carbisbayholidays.co.uk/best
79
BEST OF CORNWALL 2020
Discover Porthleven in Cornwall!
+44 (0)1326 574270 | porthlevenholidaycottages.co.uk | [email protected]
Individually selected self catering retreats in the stunning surroundings of Porthleven.
