Contents
• Why invest in a UK holiday home?
• What are the financial benefits of owning a holiday home?
• Why should I choose a UK holiday home over a holiday home abroad?
• What do I have to consider if I want to let my holiday property?
• How do I purchase my dream holiday home?
Why invest in a UK holiday home?
Having your own home-away-from-home is the perfect way to spend quality time with your loved ones, with your holiday accommodation guaranteed. Just imagine the ease of having an idyllic holiday base you can go back to again and again throughout the year.
If you were to purchase a holiday home in the UK, this would mean no more airport check-ins or waiting for your holiday to begin, leaving you to enjoy pure holiday bliss. With your new holiday home, you can have frequent holidays where you can spend the week, or a long weekend and save in the long-term.
Before buying your holiday home in the UK, make sure to research and find a location that has attractive activities to suit your lifestyle. It might be that you're interested in the community and building relationships with fellow holiday homeowners or watersports activities.
In Dorset, Silverlake offers everything from lakeside watersports to premium facilities like the Hurricane Spa with its outdoor heated pool; all based on-site within a thriving nature reserve teeming with wildlife.
Whether you have plans to let the property out, or are using the property for your family, there will never be a dull moment when there’s always an activity to do on your doorstep, all year round.
What are the financial benefits of owning a UK holiday home?
Family investment
Your holiday home can also be rewarding financially as well as personally. As a family investment, it can be the perfect piece of paradise for your family to hold on to and offer many years of treasured holidays.
In addition, as property is a tangible asset that can be passed down as an inheritance, it means there are financial opportunities for the next generation too.
Earning passive income
Investing in property is a smart method to earn passive income easily.
Managing a holiday home has never been easier, especially with support from our official, on-site rental company, Habitat Escapes. Investing in property and opening for lettings is an effective way to start receiving additional income and tax benefits.
Tax advantages for holiday lets in the UK
There are attractive benefits to those who purchase a holiday home in the UK, some of which are additional tax benefits for buying a holiday home. For example, investing in a Dorset holiday home at Silverlake offers substantial stamp duty savings and a lower tax bill if you purchase a freehold plot. However, this would not be the case when you buy a furnished holiday property outright elsewhere.
Why choose UK holiday homes vs abroad
Holiday homes have in recent years surged in popularity. If you’re planning to invest in a holiday home, consider the benefits of a UK holiday home over abroad.
Convenience and reduced travel are big factors if you’re looking to get away to your holiday home regularly. If you’re looking to let your holiday home out and boost your income, there is a huge demand for UK holidays right now and there are several financial benefits that come from choosing a holiday home in the UK versus abroad. With the current holiday market being this way, what better opportunity than to take advantage of the popularity and invest in a property where you can make money over time?
Compared to abroad, you can also expect no hidden costs or potential foreign taxes decreasing your holiday letting income.
This means more peace of mind and extra savings for your holidays!
Considerations for holiday letting in the UK
Letting your holiday home out is a great opportunity to secure a passive income if you fulfil all your responsibilities to maintain your holiday property.
Here’s what you should consider when investing in a holiday property for letting purposes:
Council tax and business rates
If you own a holiday home you use for personal use and non-commercially, council tax is payable. However, if you use your holiday home for letting purposes you pay business rates instead.
Meet the guests’ expectations and more
Silverlake offers an attentive and thought-out holiday experience, which is the best way to get repeat guests, great reviews and free word-of-mouth marketing.
Travelling to your holiday home regularly
You may have to visit your property more regularly for maintenance checks to ensure everything is working, up to standard inspection and ready to receive guests. Are you willing to travel frequently to your property for maintenance reasons alone?
If you let through our on-site rental company, Habitat Escapes, we offer an exceptional maintenance team that can manage all of this for an easy hassle-free process at your holiday property.
Seasonality fluctuations
There may be varying influxes of passive income ranging with the season, as well as how many guests you receive regularly being a factor of potential slow income. Silverlake’s range of diverse attractions ensures a year-round flow of visitors, which helps keep the local economy stable and consistently enriches tourists’ overall experience regardless of the season or weather conditions.
Take the first step to owning a holiday home today
Take the first steps to experience luxury holiday living and book a call with the Silverlake team to discuss the benefits of holiday home ownership in the UK further. We understand the stress that comes with property planning and are happy to guide you through our investment process towards your perfect holiday home. If you have holiday letting plans or plan to invest in a family holiday home, the decision to invest will be the best answer for you.
Here at Silverlake, we pride ourselves not only on being an investment-worthy estate, but also on being a sustainable community that works to minimise effects on the environment and grow with it. You can be confident that your investment into a Silverlake holiday home is ethical, as we work hard to assist the local community and protect our surrounding wildlife.
Investing in a holiday home here will not only bring in a potential return on investment but also offer exclusive access to one of the UK’s most sought-after locations for holidaymakers.
Ready to buy your dream holiday home? See what luxury lakeside properties are available now at Silverlake Estate, Dorset.