While the Mediterranean contains an array of coveted destinations and the Maldives are a picture-perfect private paradise, there are plenty of stunning locations throughout the UK that offer a blissful break when you don’t fancy getting on a plane or travelling too far for a relaxing holiday.
For various reasons across the last few years, UK holidays are experiencing a renaissance, both with residents of the country and visitors from abroad and it’s no surprise given the breadth of places to see and experiences to enjoy across the cities, towns, coastal villages within.
If we’re not convincing you of anything new here and you’re already sure that the delights of the UK are something you’d like to invest in then you’re not alone as many investors consider holiday homes to be a better option than buy-to-let properties. The main benefit of choosing a home in a holiday hot spot is that you can not only enjoy the delights of your own carefully designed space when you need a break, but you could also rent it out and make some income from it when you’re back at home.
Picking out the perfect luxury holiday home is a significant investment and a decision that requires careful consideration. To help you make the right choice for you and your family, we’ve listed some of the considerations to take into account along with some useful tips to take note of.
Figure out the purpose of the holiday home
When making such a major purchase, you need to start by working out the purpose of the holiday home. Are you planning to use it exclusively for your family, rent it out for extra income, or a combination of both? Clarifying your goals will help you narrow down your choices and ensure that you make the right decision based on your needs. The reason for making the purchase will affect all the other factors on this list, so it pays to make this decision as soon as possible.
Explore a range of locations
The location of your holiday home is crucial to your holiday experience and any additional income that you could make for your property. While you need to consider factors like accessibility, proximity to amenities, attractions, and natural beauty, and learn about the area’s climate, local culture, and safety, it also pays to visit the area.
Consider exploring holiday homes managed by the same provider, and visit various parks and locations before taking your pick. Providers like Tingedene Lifestyle Parks offer holiday lodges for sale at parks across the UK, so you can find the right location you’ll enjoy visiting time and time again.
Consider property management options
For those who want to rent out a luxury holiday home, you have two options: manage the property yourself or hire a management company. Managing the property can be time-consuming and stressful, so it pays to consider using a dedicated company, who can take care of maintenance, bookings, and guest interactions. Many of these providers manage the entire park or properties in a specific area, so you might be governed by their rules, so you need to make sure you understand them before you make your decision.
Take the potential resale value into account
While you may have no intention of selling now, you still need to consider the property’s resale value, after all, you probably won’t own the holiday home forever. While some people do pass these properties down through the generations, most don’t and you’ll probably find that, eventually, you want to find a new holiday home to enjoy. As such, you need to opt for a property in a desirable location that has a history of holding its value or appreciating over time. That means that you can get the most out of your holiday home, even when you part ways with it.
Get professional help with the transaction
Once you’ve found your dream property, you need to make sure that you understand the legalities of buying your holiday home and the rules of the management company that you’re working with. So, you need to engage a local solicitor experienced in property transactions to review contracts, ensure all legal requirements are met, and protect your interests. They can explain any aspects of the contract that you don’t understand and make sure that you get the best possible deal.
Having the right solicitor can also help you to ensure that the process is as smooth as possible, so that you’re not held up dealing with paperwork and can start enjoying your new holiday property to the fullest promptly.
A final word on selecting the right luxury British holiday home for you
For those considering a luxury holiday home in the UK, there’s a lot to think about if you want a property that you can make great memories in for many years to come. To ensure you make the right choice, take your time, conduct thorough research, and involve professionals where necessary. You’ll then be able to select a luxurious property that aligns with your goals and financial capacity. Enjoy your new holiday home and the indulgent experiences you can have there!
