A place in the sun can be a great investment, as well as a fantastic excuse to take a holiday. Finding the overseas holiday home of your dreams is one thing, but have you thought about how to look after it throughout the year?
We’ve put together these tips to help you consider the needs of your overseas holiday home:
Hire a cleaning company
You can hire a cleaner to visit regularly but how often might depend on the use of the property.
If you let your overseas holiday home to holidaymakers, it should be thoroughly cleaned at the end of each stay. During the holiday season, you may have back-to-back bookings. With this in mind, you could benefit from arranging a cleaner in advance for specific dates. This might enable you to stick to the same company, once you’ve found one you’re happy with. You might also be able to get a discount by booking their services for multiple days at once, rather than one day at a time.
If you know of any other holiday home investers in the area, you could ask them for recommendations to find a cleaning agency you can trust. Joining online groups for holiday homeowners might help with this.
Allow friends and family to stay in your overseas holiday home
If friends and family use your holiday home when it’s available, they can also report back on its condition. If there are any maintenance issues, they can let you know. Having them report back to you that the property is secure and in good repair will save you the fees involved with a professional check. However, a professional might be more likely to catch any less obvious issues.
Visit the property yourself whenever possible
It makes sense to visit the property yourself, as you might have your own standards for the condition it is kept in. For example, if repair work has taken place you might want to see the end result. You will also be able to perform your own maintenance checks.
However, you might not have the time or money to visit regularly all year round. You could plan your trips in advance in order to try and keep the cost of flights as low as possible. Also, creating a plan of action for when you are there can help you to use your time efficiently.
Find suitable insurance for your overseas holiday home
Consider taking out a holiday home insurance policy that suits the needs of your property. Whether it’s just yourself, friends, and family who stay in your holiday home or you let it to holidaymakers can change the suitable level of cover.
Investing in an overseas property can be an exciting adventure, as well as a profitable one. We hope these tips help you to get started!