Convert Your Property into Holiday Let
Come & Stay Ltd is a small and growing Holiday Let Agent with a fantastic reputation with both our guests and holiday let owners. Our customers love our attention to detail and our dedication to making each holiday home unique, clean and well equipped. If you are looking to buy a property as a Holiday Let investment or if you are looking to spruce up your current Holiday Home, then Come & Stay Ltd is here to help.
Convert Property into a Holiday Let for a Sound Investment
Turning a Property into Holiday Let is a fun experience but quite possibly a daunting prospect for most, but it need not be. There are safety measures and market demands that you must be aware of before you start which we will cover in this article.
As always, the Come & Stay Ltd team are here to help, so please feel free to get in touch with us for a consultation if you require any further information. But for now, please refer to the information provided below:
Challenges to Convert into Holiday Let
Safety First! When renting out your property to tenants, whether it be long-term or holiday rental guests, then you must make sure that the property is safe.
As a Holiday Home owner, it is your legal duty to secure an annual Gas Safety Certificate (where applicable) from a certified Gas Safety Registered Engineer. Do your research before hiring someone to complete the inspection. Come & Stay Ltd. can arrange for our Cotswold based Registered Engineer to carry out your assessment upon request.
Fire Risk Assessments
Fire Risk Assessments are required to comply with the Regulatory Reform (Fire Safety) Order 2005. This is something you can complete yourself and we recommend it is reviewed annually. Ensure you have a First Aid Kit, Fire Extinguisher and Fire Blanket in your home. It would be beneficial to add “what3words” into your guest guide book to assist guests during any emergencies.
Smoke and Carbon Monoxide Alarms are required by law where necessary. If you provide a fireplace, you must have a Carbon Monoxide alarm in the room where the fireplace is situated. A smoke alarm is legally required for each floor and we recommend all alarms are checked during each turnover.
It’s essential to have your fireplace cleaned by a professional chimney sweep at least once every year to ensure fireplace safety. Some of the threats a chimney sweep will help you eliminate include creosote, soot, and glaze as well as cracks in your flue lining.
Electrical Safety is paramount and you are required by law to adhere to the necessary electrical safety regulations as governed by the Electricity at Work Regulations (1989). Conduct visual inspections of your appliances and consult an electrician if you are unsure. Provide guests with simply instructions for the electrical appliances in your home.
Bacterial and Viral infections
The COVID-19 pandemic has heightened our awareness of the spread of bacteria and viruses. We recommend continuing to clean with disinfectant, steam cleaning the fabric furnishings, and providing guests with a self-check in option. Providing hand sanitiser and cleaning products to guests also minimises any risk of infections.
Legionella can be present in purpose-built water systems, like:
- Hot and cold water systems
- Spa pools and Jacuzzis
If you have a gap between bookings, then all you have to do is ensure the water circulates round the hot and cold water systems by turning on all of your taps and outlets in your property (at the same time) for around 2 minutes.
Swimming Pools are fantastic additions to a Holiday Home and draw hugely popular with guests. However there are some very important safety protocols that you must be aware of:
- Install a fence with self-locking gates around the pool.
- Display appropriate signage around the pool (no diving, no running etc.)
- Display the depth of the pool.
- Ensure parents are advised to supervise their children at all times.
- Provide a safety life hook, ring, and ladders/steps on either end of the pool.
- Keep a record of pool maintenance.
- Keep an up to date risk assessment.
We understand that preparing a Holiday Let for the market can be a very expensive undertaking. However do not be afraid to go searching the charity shops for supplies, especially items like glassware that will need replacing semi-frequently, and wall and garden décor.
If you are looking to Turn Property into Holiday Let, then it can be difficult to decide on how to decorate your Holiday Home. However feel free to use online resources to get your inspiration. Alternatively, pick three colours to base each room on and develop your house from then.
Furthermore, remember that your holiday home is a work in progress. It does not need to be perfect right away. As long as it is safe, comfortable and provides the essential amenities to begin with, do not be afraid to build on your Holiday Home over time.
Important Features to include when Turning Your Property into Holiday Let
We have seen and experienced plenty of Holiday Lets in our time. We have also hosted countless guests who have provided extremely helpful and insightful feedback and so we like to think that we have a good idea of what makes a great Holiday Home
Wi-Fi is the 7th most desired features for UK staycations. Invest in decent Wi-Fi as guests will be expecting to be able to use their phones and their laptops during their stay. Furthermore with more people working from home than ever, it is worth providing the best for your guests.
The travel industry has seen a huge rise in multi-generational family getaways. After months of lockdown and spending time with a limited amount of family members, tourists are now booking with their extended family to make up for lost time.
With this in mind, consider adding additional extras such as board games, a large dining table, garden games and access to bedding for the little ones and for those with restricted abilities.
Pet friendly properties were ranked #2 on the most popular searches for holiday homes. Reports show that cottages which changed from accepting no dogs to one dog saw an average increase of 17% to their total income! Consider adding a dog bed, dog toys or a doggy bar with a selection of treats.
The market is changing and a lot of travellers are looking to book short breaks at the last minute. With this in mind, we strongly recommend, especially in the low season (winter, not including Christmas and New Year’s), that you decrease your minimum nights to two. We do suggest offering one night stays to fill any one night gaps between bookings to increase your occupancy, but be sure to make it economical and do not be afraid to raise the price for one night stays.
Luxury extras can go a long way when it comes to occupancy levels. Consider adding a hot tub, which booking platforms suggest increase booking rates by up to 40%! Invest in local artwork to support local artists. Include the artists information alongside it and perhaps offer it for sale to your guests.
The pandemic has taught us to appreciate the outdoors and access to nature, therefore outdoor space is even more appealing to guests than it ever has been. If you only have a small outdoor space, then make the most of it with seating, potted plants and lights. If your Holiday Let offers a larger outdoor space, then it would be worth considering additional extras such as hot tubs, firepits and BBQs.
Gardens also give access to children to play, for groups of friends to eat and drink and for pets to run around. Ensure that the garden is safe and enclosed for your guests, especially for those with little ones in attendance.
The most popular party size we are currently seeing is couples (49%) followed by groups or families of four (18%). Couples make up almost half of the industries bookings, so do what you can to make their stay memorable. Do you have a fireplace? Consider offering some firewood. If you don’t have a fireplace, considering purchasing some battery powered candles (safety first!).
How Come & Stay Ltd. Can Help You
There is a lot to turning a Property into Holiday Let however Come & Stay Ltd is here to guide and help you. We are able to make sure that your holiday homes meets all of the safety criteria’s and is also attractive for todays travellers.
We can offer you a checklist of necessities, furnishings, added luxuries, and homely touches. Come & Stay Ltd can also get your property photographed and onto necessary booking platforms. We can turn to help you convert your Property into a Holiday Home with as much ease as possible.
Creating a holiday home is meant to be a fun and rewarding experience which can really boost your income each month. Make the most of the house and the opportunity to get creative! Ask your guests what they think and take on their feedback. The most important question to ask yourself during the process is “Would I like to holiday here?” and if the answer is “Yes”, then you are going in the right direction.