If you’re considering buying a holiday lodge, one of the things you might be thinking about is how you can make money from your investment.
There are plenty of benefits to owning a holiday lodge – and the great news is that there are also many ways to make holiday lodge ownership profitable. In fact, here at Wold View, we’ve got over 50 years of experience running leisure estates, which means there’s nothing we don’t know about holiday rentals.
So, if you would like to find out more about how you can make your holiday home profitable, read on for our top tips and expert advice.
5 ways to make money from your holiday lodge
1. Consider renting your lodge out
Once you have decided to make a luxury lodge purchase and have taken ownership of the keys to your second home, renting is the most common way to make it profitable.
One option is to rent it out yourself – however, this can be incredibly time consuming and ultimately could up being more effort than it is worth.
An alternative option is to market your lodge through us here at Wold View. Our flexi rental scheme means that it is completely up to you how much you wish to rent your lodge and how much you want to retain it for personal use.
We’ll take care of everything else for you – plus we’ll only take a small percentage to cover changeover and admin costs, which means you can still make a substantial profit!
2. Seek expert advice
Another benefit of enlisting the help of holiday lodge experts such as Wold View is that you can make the most of our years of inside knowledge that makes all the difference when it comes to having a successful renting experience.
For starters, the wealth of ‘know-how’ that we have under our belts could save you precious amounts of time and money. We are privy to the latest news within the rental market and are aware that due to various circumstances, there are many prospective holidaymakers looking for short breaks in the UK.
3. Strike whilst the iron’s hot
There is no better time to own a lodge in the UK. The potential to earn money is at an all-time high, and the current cost of living crisis and the after-effects of COVID-19 have meant the growth of the UK holiday home market has remained healthy.
Furthermore, the instability of the pound has caused the staycation trend to thrive, and UK holidaymakers are expected to find better value in holidays at home rather than abroad in 2023 and beyond.
Holiday home rentals account for a whopping 49% of holiday search requests in the UK and over half of adults in the UK prefer staycations to travelling abroad. The unprecedented growth in home travel is not expected to dwindle in 2023 but remain steady, meaning there is an inflated demand for quality holiday homes.
4. Choose the perfect location
The current data on holiday homes in the UK predicts there is a call for UK holiday properties, with many holidaymakers looking at online holiday rental specialist sites like Airbnb.
The latest figures show that holidays in the countryside are the most requested and the Lincolnshire Wolds is an undiscovered area of the UK, meaning it has the potential to meet this requirement.
Where better for the holidaymakers who are looking for somewhere unique and unspoiled to make a beeline for the Lincolnshire Wolds this holiday season?
5. Use our exclusive homeowner’s rental scheme
If you are looking for a truly bespoke service and want to work with a hands-on team, our exclusive homeowner’s rental scheme could be the perfect solution for you. Plus, with a guaranteed 10% gross return on investment for five years, it’s a sure-fire way to make money from your holiday lodge!
When you use our exclusive homeowner’s rental scheme, your property will be listed on our site and with our customers, allowing you to reach a more unique audience.
Our website is built for people just like you who know the value of a holiday lodge in the Lincolnshire Wolds. People who visit our website have either already holidayed with us before and are therefore more likely to book again, or they are aware of our first-class facilities and are in the final stages of booking their luxury lodge.
In addition, you can also take advantage of our email newsletter, and the word-of-mouth of other owners on the estate looking for extra lodges. Plus, because we allow some of the lakes to be used for fishing competitions, we also have a direct-to-source option for group bookings, who often require more than one lodge.
Finally, when you use our homeowners’ rental scheme, we will also organise cleaning and the replenishment of any items, as well as a smooth check-in and checkout process. All you have to do is book the days you, your family and friends want to reserve your lodge!
Ready to get the ball rolling?
Making your lodge profitable couldn’t be easier, so speak to one of our team members today about how you can start your investment process ready in time for the 2023 season.
We have a selection of fully furnished luxury lodges, all with picturesque views across the lakes, a private decking area, and your own personal hot tub ready and waiting for you to view – so why not come and take a look for yourself today?