Property has always been one of the safest places to invest your money. It’s one thing for your money to be safe but it’s another for it to be working hard for you. 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.
You’ll need to check the small 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 will make sure your property is still covered when it’s left empty for months on end for example. Some holiday home policies may need adjusting if you want to still be covered when you have paying guests staying there. 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 cottage is in another country and your overseas property insurance is in a foreign language you need to make sure you fully understand all the small print.
If there’s anything in your house you hold valuable you might want to remove it if you don’t want strangers around it. Some thing will have to stay, kitchen utensils are essential if you want to rent your holiday cottage out. However you’ll want to make sure you don’t have anything personal like photographs or jewellery lying around.
Leave some hints and tips in the cottage about the local area too. Give them a map of the local area and instructions on how to get to the shops and local places of interest. If it’s quite rural travel advice will be very appreciated especially if they don’t have their own car.
