Ever wondered how you can treat yourself and make an investment in one go? If so, a holiday lodge could be just the right thing for you.
Lodges are becoming increasingly popular in the UK due to their financial benefits and their flexibility. It’s not only easier to stay in a holiday lodge — it’s also easier to invest in one. Staying in a holiday lodge is a great way to explore a new area and make new friends, as well as indulge in a luxury break outside the summer months.
And with the spectre of Brexit still looming, domestic UK holidays are experiencing a resurgence, as nervous travellers choose to stay at home rather than face the expense and uncertainty of going abroad. That’s great news for anyone in the lodge business.
The benefits of staying in a holiday lodge may be obvious. But what about the benefits of buying a holiday lodge?
We list our 8 reasons why you should buy a holiday lodge and invest in your future.
Choosing your destination is never the easiest part of organising a holiday. It can be tough to strike that balance between cost, convenience, and comfort. And that’s without having to keep up with the vagaries of geopolitics to sift out undesirable destinations.
Owning your own holiday lodge means always having somewhere to take the family in the summer holidays, half terms and long weekends. You won’t have to worry about scouring through holiday comparison sites, wondering if your accommodation will be as good as it looks in the pictures. And you’ll never need to stress about booking something last minute. Your holiday home will be there waiting for you whenever you fancy a break.
You also have the option of keeping some of your own comforts there, so you don’t have to go overboard with packing every single time you visit.
Heading to your lodge can be as simple as loading up the car and hitting the road. It’s an excellent option for both planned “staycations” and spur-of-the-moment getaways.
Owning a lodge also gives you the chance to be somewhere away home while keeping that sense of familiarity. You’ll know where to go for the best meal, a cheap round of drinks and you’ll be familiar with all the activities on offer. You’ll also avoid getting burned by the popular tourist traps. After all, it’s always the locals who know the best places to wine and dine.
Lodges are especially great if you find that you can’t fit everything into a single holiday — you’ll always be back to do the rest!
One of the great things about buying a lodge is that you can pick a location you love, from Scotland to Devon — including in places where you may not be able to find conventional homes.
That’s because lodges can be built in places where regular brick and mortar homes can’t normally get planning permission. That will give you some extra stunning locations to choose from that wouldn’t otherwise be available, such as scenic corners of nature where you’re lucky to find a house, never mind purchase one.
With that in mind, you can take holidays to some unusual places or secret retreats without sacrificing the creature comforts of home. And a holiday in a lodge can often emphasise that holiday feeling in a way that a residential property can’t match.
This goes for renting out your lodge, too. Your holiday lodge investment will pay off big-time if your lodge is in a special location that people will pay more to visit. A lodge in a prime location will remain sought-after all year round, which will stabilise your investment income from season to season.
There’s nothing quite like a holiday that pays for itself, and a lodge does just that.
Once you return from your holiday, your lodge will be vacant. So it makes sense to put it to work.
When you’re not actually staying in your holiday lodge, you can rent it out to tourists and earn some money. If you’ve picked a lodge that you love and enjoy spending your free time in, then other people will love it too. Thanks to the internet, it’s easier than ever to advertise a holiday property, so you can handle the whole thing yourself, keeping your costs low and your profits high.
You could enjoy earnings from weekly rents of around £700, depending on the area and time of year. Over time, that will more than pay for the initial cost of the lodge, after which all that money goes straight to you.
That’s a great way of earning back or paying off your investment, along with seeing fantastic returns. The UK is a huge tourist spot all year round, so you can rent your holiday lodge out in any season.
And unlike more nebulous forms of investment, your lodge is a solid, reliable moneymaker. There’s no speculating here. You know your lodge will be there as a reliable source of cash and, if anything should happen to it, your insurance can pick up the slack. You aren’t going to lose your investment as a result of one bad decision.
Tired of the hustle and bustle? You aren’t the only one.
As our cities grow louder and continue to spread, eating up the countryside as they go, more and more of us yearn for somewhere quiet. To make things worse, city living speeds up the pace of life and seems to pile us high with stress. Huge numbers of people are now suffering from the burnout of city life.
That’s one reason why quiet country breaks are growing more popular as tourists move away from holidaying in big cities and toward more rustic retreats. Here they can finally catch some peace and quiet away from busy and loud locations. And they’re happy to pay for it, too.
Lodges provide that quiet rustic getaway, without having to forfeit comfort. They also provide an escape from the everyday stresses that life brings.
Buying a holiday lodge means you’ll always have that little slice of escapism to hand. The basic rules of supply and demand also mean that you’ll have a ready market of people wanting to rent your lodge for as long as modern life keeps getting people down — which isn’t a trend likely to reverse anytime soon.
Have you ever looked on jealously as your colleague left for their fourth holiday that year? Buying a holiday lodge could be your response.
Owning your own holiday lodge is a more economical way of having multiple holidays throughout the year without sacrificing a sense of luxury.
While many people struggle to fit even one or two holidays a year into their budget, with your own holiday lodge, you can have several holidays. And the more you use it or rent it out, the more economical it becomes — whether you count it by the enjoyment it brings you or the money it brings in.
The same economics make it great for potential renters, too. If they’re looking for a luxury holiday on a budget, your lodge will be the perfect choice. We’re all trying to do more with less, so your lodge will be an attractive prospect for budget-conscious holidaymakers.
It’s also much cheaper to own a holiday lodge than it is a brick and mortar holiday home. With a lodge, you know it won’t be burning a hole in your pocket during the offseason.
The word “lodge” conjures up just about anything but a heavy-duty piece of design. So it’s no surprise that holiday lodges are low maintenance investments, thanks to their simple design and low-cost materials.
Lower cost of materials used in holiday lodges usually means that repairs are lower cost relative to other comparable investments. Certainly this is the case with residential property.
Lodges are generally newer, meaning they are less likely to run into unexpected problems. These are issues which could include outdated plumbing, wiring, asbestos. Fixing a problem can lead to the discovery of new ones, particularly in an older property.
Lodges sidestep most of those problems thanks to their simple construction. And being newer, they’re also less likely to experience age-related problems in the first place.
When repairs or other major work, it takes away from the returns on your investment. And that’s without mentioning the stress that comes with any major repair project. With a lodge, you can get more return on your investment, compared to a more expensive property.
Overall, you can spend less time fixing and more time either enjoying the property yourself or collecting rent on it.
If you’ve ever bought or sold a home, then you know the process isn’t exactly stress-free.
Buying a residential property, even for holiday home, comes with the same red tape that accompanies any house purchase. It can be a long and arduous process, full of unforeseen complications and nasty surprises. It can take only the slightest thing for a purchase to fall through, bringing you straight back to square one.
In a worst-case scenario, that can make buying a residential property for investment more hassle than it’s actually worth.
But buying a holiday lodge is much less complex and quicker than buying a residential property. Thus saving a lot of headache and money when making your investment, which can’t be a bad thing at all.
Unlike residential properties, most lodge transactions don’t include the land the property sits on. This means most lodges are also exempt from stamp duty.
We’ve already laid out a good number of reasons people will pay more to rent in a lodge. From the prime location to the holiday atmosphere to the comfort and convenience away from home.
Those are a few reasons you can earn more money renting a holiday lodge than a simple buy-to-let. This is especially true in peak seasons such as summer holidays, school half terms and Christmas or New Year.
People are willing to pay more for a luxury break in a great location. This multiplies earnings potential and leads to larger returns than renting out a home or apartment for the same reason. As a result, you’ll likely see a return on that investment quicker than you think.
The low cost of investment also acts as the ultimate fail-safe. Not seeing the kind of returns you were hoping for from your lodge? Sell up and find a new one, easier than it is to do the same thing with a buy-to-let home. You can even follow the trends to snap up a new investment in an up-and-coming destination. This would allow you to ride the popularity wave for maximum returns.
Sounds good? If you think you’re ready to invest in your holiday lodge, search our available properties.
We have some wonderful lodge parks including;