The next step after you purchase your property is setting up your holiday home as a holiday let. Jon presents a comprehensive list of considerations and requirements before you begin to let out your new holiday home. 

KEY TAKEAWAYS

• You need to ensure that the property is insured correctly. Your insurance company needs to be fully informed of your intention to let the property to validate your insurance.  
• You are now liable for energy bills, and water bills (which are constant even when unoccupied), and should consider broadband and television for your guests. All your services should be fully safety certified and have a fire risk assessment and health and safety assessment. 
• You need to provide sufficient equipment to self-cater in the property. Good quality bedding and beds are important. When buying furniture make sure all safety marks are still present and leave them in place. 
• Keep décor as neutral as possible and allow furniture to dictate the style of your property as this is the easiest way to keep things looking up to date. 
• Take at least 20 decent pictures to get a listing up as quickly as possible. Use these to create the expectations for cleaning teams and upkeep. 
• Get your listing on an online booking service, but take steps to capture repeat business for yourself with those customers so you only have to pay a commission on that booking once. 

BEST MOMENTS

‘Standard broadband these days really doesn’t cut the mustard. You need to be looking at high-end ultra-fast broadband.’

‘It’s a very good idea to have a fire door in between the kitchen and any other rooms in the building to ensure what you’re really wanting to do which is protect your means of exit.’  

‘We’ve got a principle here. The reality is that many things are fashionable in interior décor. The simplest thing to replace in a property is the furnishings.’

‘Theres much said about the value that online travel agents provide for the holiday market, but one thing they do is spend a great deal of money bringing people you don’t know into the area that you are running your holiday home.’ 

VALUABLE RESOURCES

● Website: https://www.spaproperties.co.uk/

ABOUT THE HOST 

Jon Stanton

Jon left a successful career spanning thirty years in IT to pursue his passion for property management and has been leading the team at Spa Properties for almost fifteen years.

As well as leading the team at Spa Properties, Jon is an advocate of ongoing business development and professional networking, as well as a senior member of the Scarborough Hospitality Association.

CONTACT

● LinkedIn: https://www.linkedin.com/in/jon-stanton/

● Twitter: https://twitter.com/jonspap

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