Selling your holiday cottage is a very stress filled time and ensuring you get the best from your rental to get the best price is vital. We’ve come up with a quick tutorial of the top three steps you can take right now to help you get as much as possible for your holiday cottage property.
1. Produce a comprehensive selling pack. Buying your initial holiday rental is definitely a daunting prospect. So by arranging a extensive information pack concerning your holiday property, and its income potential will put buyers minds at rest, ensuring a greater final price. The information pack doesn’t need to be massive nevertheless it should cover these basics:
• Financial information – if you have a full set of accounts then that’s great, however, if not, the key figures to note down will be the turnover, expenditure and profit. Ensure that you provide a basic breakdown of each section, for example any marketing and maintenance costs.
• Total number of days/weeks sold all year round.
• Number of future bookings
• Number of return visitors, every year.
• Areas in which the income would be improved. This illustrates to potential buyers how to add value and increase earnings. By way of example, could they open for Christmas & New Year where you have previously been closed.
2. Make the most of your features and assets. Although it seems painfully obvious, make certain your property is free from clutter, spotlessly clean and has had a recent lick of paint. Potential buyers entering a holiday cottage up for sale with peeling wallpaper and chipped paintwork will instantly want to knock down the price and lower its value. So make sure you grab your paint brush before they arrive and create the perfect first impression!
3. Sell the location and local amenities as much as the holiday cottage. The great majority of holiday home buyers will be buying in an area which they may have only visited and actually never lived in. So they may be increasingly wary of the area and what it offers prospective visitors and holiday makers. When you (or your estate agent) are showing possible buyers around make sure to inform them everything about the area. From the most favored attractions to the local hidden gems. Most vital of all should be to let them know what previous holiday makers have loved about it. Did they love the fact they could fall out the front door and grab an espresso inside 2 minutes or maybe it was that they could see the sea while laying in bed. Think about it carefully and have a clearly crafted selling pitch for those interested buyers. An unprepared seller is never going to get the best price for their property!
That’s it. Take the advice above and we know you’ll benefit from the best price for your holiday cottage.