There are a lot of factors to consider when choosing a holiday home to purchase. If you are buying for your own use you only have to consider your own needs but if you are buying as an investment what factors do you need to consider to get the best return on your money and your time? Jon is here to guide you towards a clear vision before you start the search for your property. 

KEY TAKEAWAYS

• A one-bedroom apartment can be ideal for couples with small children. Jon started with one of these and he will give you a tour. 
• A cottage can offer a rural experience and will let well but will be more remote so harder to serve and turn around and being older will have higher maintenance costs. 
• A larger apartment can offer more flexibility with larger groups and extended families with low maintenance costs.   
• A family house offers a family with older children a little more space and privacy but can be harder to let outside of the summer as the clientele changes more to retired couples or young couples with very small children.
• A group house with four or five bedrooms facilitates larger groups of adults and outside the season can work very well for contractors.
• A large guest house can cater for events or can be used in the serviced accommodation market.
• Serviced accommodation is where you visit regularly to provide a change of linen and towels etc. This allows you to keep up with maintenance during winter so you have fewer problems when the property is relinquished. 

BEST MOMENTS

‘There are certain things that a particular type of home are going to give you. I’ve basically looked at holiday homes from a point of view of six distinct types.’ 

‘What we did find is we had to learn how to make the most of the property during the winter, and that can be a tricky one.’ 

‘A large apartment, for instance, a three bedroom apartment can have quite high heating bills particularly if it is one of the large Victorian properties of which there are plenty in Scarborough.’ 

‘It’s a conversion that was done in 2004 but it’s a large Victorian building so we’ve got big plate glass windows which are lovely from the point of view of being in here in the Summer, but in the winter it can mean that the heating bill is quite high.’

‘When you look at it it doesn’t have a very large footprint but actually has the feeling of a very large flat.’ 

‘The two bedrooms have a habit of going first. Once the two bedroom flats have sold out  the people who are looking for a two bedroom flat for four people are left in a bit of a quandary because they can’t find anywhere. So they’re looking at nice one bedroom flats.’

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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