The Benefits of Using Your Home As A Holiday Let In The Winter

Many landlords we speak to use their properties as holiday lets during peak season, but don’t realise their potential in the winter. The off-peak season can also offer significant benefits for those looking to make greater returns from their property investment.

In this article, we’re exploring the benefits of turning your home into a holiday let, and the unique advantages and opportunities that the winter months have to offer.

Reduced competition

The off-peak season typically sees less footfall from tourists to the area, which means you may be able to offer more competitive rates due to reduced demand, attracting more people to choose your holiday let. This in turn, can lead to higher occupancy rates and therefore more income from your property.

Consistent occupancy & income

While your volume of bookings may be slower in the winter months compared to the summer, your holiday let can still be a success and generate a steady income in off-peak season.

We recommend staying up-to-date with your competitors’ and their pricing, so you can apply strategic pricing to your property to help attract guests during the winter who may be looking for a more affordable option.

By using your property during the winter for holiday lets and longer term stays, the income generated can help to pay for maintenance costs, your mortgage, and see you enjoy a greater return from your investment.

Demand for winter staycations

With costs increasing for holidaymakers going abroad, and therefore more and more people looking for a staycation to enjoy a home-away-from-home, the demand for winter holidays at home is increasing.

With a holiday let on the south coast and Bournemouth offering plenty for families and friends to enjoy during the festive season, your property can offer a cosy retreat for those looking to getaway this winter.

Discover how to prepare your holiday let for the winter here.

Maximising your return

It’s important to note the tax benefits that can come from running a holiday let. You may be eligible for tax deductions related to rental income, such as mortgage interest, property taxes, and maintenance costs.

The other huge benefit of owning a holiday let, is the passive income it can provide. And with minimal effort if you choose. By opting to use a holiday let management company, you can hand over the day-to-day management of running your holiday let. This means you get to enjoy the benefits of this additional income stream alongside your time and freedom back.

At Grandeur Property Management, we’re dedicated to helping our clients transform their property into a holiday home and manage the operations of their holiday let. From the organisation of cleaning and maintenance in between guests, to marketing your holiday let online to ensure high occupancy, we’ve got it all covered.

While the summer months may be the traditional peak season for holiday lets, the winter months offer a unique opportunity to continue maximising your return from your holiday let. Including higher occupancy rates, reduced operating costs as guests stay for longer, and a continued income stream. With conscious planning and preparation, and with the help of a specialist property management company, you can reap the rewards from running a successful year-round holiday let.