The right location can make all the difference. Know your customer and know your product.
If you are planning to use the property yourself then chose an area you like to visit with yourself. This will also give you an idea of what people are willing to pay. The bonus being you can use the property yourself when it’s available
If you don’t want to visit the property yourself then you must know your customer and become familiar with the type of people that frequent the area in which the property is based.
Make sure there are no covenants on the title deeds that prevent you from using the property as a holiday home, make sure your solicitor checks this out for you.
Another consideration when choosing where yo buy your holiday rental property is if you are planning to manage the property yourself or use a management firm to handle the change overs, maintenance, key handling etc.
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