How To Make Money And Buy To Holiday Let
If you have ever dreamed of having an investment property that is just that bit different, then why not consider a buy to holiday let property?
A buy to holiday let property can be more financially advantageous than a traditional buy to let property for many reasons. First of all, the Government allow you to treat a buy to holiday let property as a business rather than something that brings you a personal income. This means that you can enjoy certain tax benefits that you wouldn’t get with a normal buy to let property.
Another benefit is that, if you plan it wisely, your buy to holiday let property can be a place that you can retire you, mortgage-free, if you so wish, in your twilight years.
Buy to let holiday properties are becoming increasingly popular, both here and abroad. For people buying overseas, cheap, bargain bucket flights mean that going abroad is an affordable option for a lot more people, so the demand for a home-from-home place is much higher.
For people buying in the UK, longer summers and warmer weather mean that you can have a proper holiday in the sunshine, without stepping foot out of the country!
No wonder so many people are now investing in a buy to holiday let home.
The key to having a successful buy to holiday let property is to do your research thoroughly. And this means everything from getting a holiday let mortgage right through to the location of the property; from getting the right furnishings and checking that you are close to the sea or other amenities; to looking at what similar properties in the area attract in rental income and ensuring that the resort you have bought in doesn’t remain open for just three months a year etc.
Choose the wrong location, the wrong property or even the wrong holiday home mortgage and you may struggle financially – not an attractive proposition.
Sean Horton is Director of Holiday Let Mortgages, offering finance to buy a UK holiday home. The site covers Holiday Home Mortgages, the process for buying a UK Holiday Home as well as advice on buy to holiday let properties.
Article Source: http://EzineArticles.com/?expert=Sean_Horton
1 comment:
If you are looking online for property to buy property abroad and if you find the property that you actually like it is a known fact that you should go to the country where you are planing property investment, because you don't want to end up in investing property abroad that turns out to be a real downer and in real bad condition, or even worse you could end up investing property abroad that ends up not even being there! So be sure to go there in person before you pay for the property, or if you are not able to go to the country where you are investing the property you could always have a family member or a friend that you trust with all the money to go and look at the property before you buy it, you could even ask him to take pictures of it or make a video of it for you so that you will be able to see for your own eyes.
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