Apr 20, 2014

Posted by in Tips | Comments Off on Buying Your Own Spanish Villa Holiday Home

Buying Your Own Spanish Villa Holiday Home

Buying Your Own Spanish Villa Holiday Home

You may feel like Spain is your home away from home. So, if you are considering buying a property in Spain for you and your family to use, why not consider renting it out for the times of the year when you do not plan to use it. Turn it in to a business, and generate some rental income for you and your family to use.

There are a number of things that you need to consider first, before you dive in to this exciting new adventure. Consider what would make a perfect holiday home for you, and what a great holiday rental would be for a paying rental guests? You will have to think about the location, the average rental for accommodation within this location and the availability of certain facilities.

You will also need to look at the legal requirements for using your holiday home as a rental property, and you must also consider costs such as:

Building a website

Advertising

Tax and Insurance

Management Fees (managing your Spanish property as a holiday rental)

As Spain is such as popular destination for tourists, you may find the above very difficult. However, if you get it right the rewards are outstanding.

First of all you must find out who would be interested in using your Spanish property as a rental. This can be achieved by using a number of advertising methods, agents, and the local tourist board. You may also want to consider setting up your own website to attract your target audience.

There are also a number of other things that you need to consider. For example, your accommodation must be suitable for guests, what facilities and features your accommodation offers, as well as the potential for damage to the property.

If your Spanish property has a swimming pool it would be wise to invest in the right supplies. 1st Direct provides discounted swimming pool supplies for a range of different items, so its a good place to start.

There are a number of services in the market that can offer a villa rental service. This is an external service that helps to fill your accommodation during the year. What you do not want is for the property not to be used, and you lose out on any potential rental income. This works by listing your accommodation on to a website which uses a booking engine that helps potential visitors book their stay directly with you.

These service providers will also help list your accommodation whilst also advertising it. Being part of a service likes this helps you ride on the back of the service providers brand. If it is strong enough you should see your accommodation get more and more views, which could lead in to more and more bookings.

Of course there is a cost or charge to use this service, so it is worth weighing up all the options just to see how successful it could be for your accommodation. If you have a more relaxed approach, and rental income isn’t the be-all-and-end-all of your venture, then it may not be worth doing at all.

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