Big Skies is the only agency to offer cohesive advice and end-to-end service to the holiday let market, whether you are looking to buy or sell a holiday let in Norfolk.
We are here for every step of the journey, from purchase, through holiday let management & marketing, all the way through to selling, when the time comes.
Big Skies Estates is part of the Big Skies family and is the only estate agency to specialise in the sale of second home investment properties that also generate income as holiday cottage businesses (Furnished Holiday Lets or FHL’s). We focus specifically on the North Norfolk coastal area and have successfully marketed properties from Dersingham in the West all the way around to Sea Palling in the East.
We have a unique database of buyers looking to purchase holiday lets in Norfolk, so if you are looking to sell your current holiday let, we are likely to know someone who will be interested.
Generally, second home buyers in Norfolk fall in to three categories: The largest being those looking to invest in a second home for family use which can also generate a second income from holiday letting; those looking for a second home for private use only; and an increasing number of more investment focused buyers who are interested in particular in the Return On Investment (ROI) that holiday cottage properties can generate.
Selling Your Holiday Let Business
This is where Big Skies comes in. We understand that each property in North Norfolk is unique and therefore requires a unique marketing strategy. We include a specific section on Holiday Let Income in our marketing both on our website and on the major portals – Rightmove / Zoopla / On The Market and we use actual letting figures within it.
Where you have a much-loved second home that also generates some income as a holiday let but perhaps you, your family and friends like to come and stay often; we will work with you to create the perfect marketing and sales strategy.
Managing the Process of Selling a Holiday Let with Ongoing Bookings
Traditionally there has been a concern amongst owners of Norfolk cottages that operate as holiday let businesses about whether to continue to take holiday bookings whilst marketing their property. There is a balancing act between ensuring the property appeals to the widest number of buyers and it continuing to generate an income for you, the current owner.
If your cottage is working hard for you and generating a great income then we can help you sell it to the right buyer who will want to keep on all your forward bookings. Often these buyers are looking for turn-key properties too, so there is no need to worry about what to do with all the furniture after the sale and another opportunity to increase the value of your investment.
Buying a Holiday Let Investment (FHL)
Big Skies Estates is the only estate agency to specialise in the sale of second home investment properties that also generate income as holiday cottage businesses (Furnished Holiday Lets or FHL’s). We focus specifically on the North Norfolk coastal area and have successfully marketed properties from Dersingham in the West all the way around to Sea Palling in the East.
We work with second home buyers who are looking to invest in a second home for family use which can also generate a second income from holiday letting; those looking for a second home for private use only; and an increasing number of more investment focused buyers who are interested in particular in the Return On Investment (ROI) that holiday cottage properties can generate.
For many buyers making the dream of a second home on the North Norfolk coast a reality can only be justified if the property can generate some income to offset costs or indeed provide a reasonable Return On Investment (ROI). We understand this and offer a completely unique approach to the marketing of our properties that either currently operate as a holiday let business (Furnished Holiday Let or FHL) or have the potential to be one.
For more information on how the nuts and bolts of holiday letting works, visit our Let With Us pages.
Unlocking Holiday Let Potential
With our unique background in holiday lettings, we can offer an insight from the outset into the actual letting history of the property. We include a specific section on Holiday Let Income in our marketing where we will use actual letting figures.
Often, we can negotiate the sale of holiday let cottages as turn-key properties, including most of the furniture, fixtures and fittings. This means that there is no need to change any existing marketing photographs and helping to ensure a seamless transfer of forward bookings.
Holiday Let Investments
Investing in a property as a Furnished Holiday Let (FHL) is becoming increasingly popular. There are a number of reasons that it is an attractive investment option. These include:
- The likelihood that the property will be in a desirable area and therefore increase in value.
- FHL Businesses can be more attractive from a tax perspective than traditional Buy to Let investments (for more information, see our Guide to Furnished Holiday Lettings & Tax from Price Bailey Chartered Accountants)
- The ‘Staycation’ is becoming increasingly popular and is only likely to become more so.
- You can use your holiday home, come to stay and enjoy the area.