Owning a holiday home not only offers freedom and flexibility for your own getaways, but can also be a great opportunity to enter the tourism industry.
Did you know, if your lodge or caravan is in a desirable, scenic location, then you can potentially profit from subletting? Plus, it can help towards the running costs of your holiday home.
Intrigued? Then read on to find out more about subletting your holiday home.
What is subletting?
When you sublet your lodge or caravan, you are essentially renting the property to someone else for a short period of time. This can range from a few days up to two or three weeks, and usually at a time when you’re not planning on using it.
Some holiday parks offer a managed letting service as part of the ownership, like the lodges with Away Resorts, for example. This usually makes the process easier, and the service can offer to manage all the bookings for you, enabling owners to earn income to contribute towards their running costs.
Earn from your holiday home
The amount you earn from your sublet isn’t set in stone, and differs from place to place, and type of holiday home. But, of course, you’ll want the best letting income possible. This is where your chosen holiday operator can help, if you wish to employ their managed letting service.
If you’re considering buying a lodge or caravan, with subletting in mind, then location is a key factor to consider. People can and will pay above and beyond for the best holiday park locations — whether that’s the serenity of a lush green forest or waking up to the sunshine and breeze of the coast.
Picking the right spot can greatly impact the amount you’ll earn from your sublet — which is an easy task, as you’ll find plenty of lodges and caravans across the UK situated in amazing destinations.
When to sublet your holiday home
You may have chosen to own a holiday home for your own adventures, or also for the purpose of subletting. Either way, the timings of your bookings are important.
Most people will plan to go away during the school holidays, bank holiday weekends, or during the summer months of July and August. If you use the property yourself, you may wish to keep your holiday home free during these peak booking times.
How to prepare your holiday home for subletting
When subletting your holiday home, you will have to start thinking with your guests in mind. Your property should look and feel welcoming, and provide the best holiday experience for your visitors.
Keep things clean and tidy, and consider a neutral décor which is inviting, comfortable and creates a positive atmosphere.
Rules and regulations of subletting
Having guests stay at your lodge or caravan can be fun and exciting, and a welcome bonus income from owning a holiday home. However, there are some considerations, especially when it comes to health and safety regulations.
Your property should have up-to-date and relevant certificates, to be eligible for subletting. Appliances should be well-maintained, furniture should be fire retardant and sturdy, and you should carry out a fire risk assessment. Make sure there are fire alarms fitted in the property, and a fire blanket fitted in the kitchen.
Depending on the holiday resort, the park operator may be able to help with the detailing of the certifications.
Entering the business of subletting can be an amazing experience, and with this guide, you’ll know everything there is to know about renting out your holiday home.
