When it comes to finding somewhere safe to invest your money property is probably your best bet. However whilst you may know where your money is, it’s not working very hard for your when it’s invested in an empty property. Letting your holiday cottage out could be a great way to bring in a bit of extra cash. There are several things to think about before you simply start letting strangers stay in your cottage.
Make sure you’ve thoroughly read all the fine print of your holiday cottage insurance. It wouldn’t have taken you long to notice there are several main differences between this policy and your regular house insurance. Insurance for holiday homes ensures your cottage will be covered even when it’s left vacant for several months of the year. You’ll need to check your current policy provider still has you covered if you’re letting this property out to paying guests. The insurance needs to cover both the guests in case anything happens to them and your property in case they do anything to your cottage. If your holiday cottage is abroad, check your overseas property insurance is in a foreign language you need to make sure you fully understand all the small print.
You may also have several personal bits and pieces around your holiday cottage and you’ll need to be mindful of anything you don’t want strangers to have access to. You need to have some extras; a DVD player and a selection of DVDs and useful kitchen appliances will help let your property out. If you have anything small and expensive like cameras ad jewelry you keep there you’ll want to make sure they’re locked away safely.
You should also think about leaving some helpful notes in the cottage too. Give them a map of the local area and instructions on how to get to the shops and local places of interest. It would also be a nice touch if you left local travel information so they were able to get around.
