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Because of Richard's job (vicar) we live in a vicarage, and so kept our own property in Shropshire when he went off to train. We have had good tenants there for 5 years but they've just told us they have bought their own house and will be moving out soon.
But that does give us the opportunity to try something different. We could find new tenants but the kitchen needs doing up, which might be a bit difficult as we live a good distance away. We could sell and buy a property in Nottingham which we could let out to students at the Theological college we went too - the college acts as agents. That would quite likely leave us money over to buy a Camper van or even a canal boat! (w00t) The third option is to buy a cottage much nearer to where we are, let it as a holiday home for around 6 months of the year, and the rest of the time use it ourselves as an 'escape' from the parish on Richard's day off, or for a short break.
So I was just wondering if anyone has experience of running a holiday cottage and the pitfalls. It would be good if anyone has any tips out there. :thumbsup: We are very much at the process of thinking things through and I thought it was worth asking on here.
But that does give us the opportunity to try something different. We could find new tenants but the kitchen needs doing up, which might be a bit difficult as we live a good distance away. We could sell and buy a property in Nottingham which we could let out to students at the Theological college we went too - the college acts as agents. That would quite likely leave us money over to buy a Camper van or even a canal boat! (w00t) The third option is to buy a cottage much nearer to where we are, let it as a holiday home for around 6 months of the year, and the rest of the time use it ourselves as an 'escape' from the parish on Richard's day off, or for a short break.
So I was just wondering if anyone has experience of running a holiday cottage and the pitfalls. It would be good if anyone has any tips out there. :thumbsup: We are very much at the process of thinking things through and I thought it was worth asking on here.