The idea of owning a holiday home can be exciting! Having your own home away from home to escape to whenever you’d like, for a weekend away from the daily hustle or for a place to make memories with your loved ones.
Lancelin, our small coastal town just 1.5 hours north of Perth, is the perfect location for that special holiday home. So, if you’re considering buying a holiday home in Lancelin, we’ve compiled a list of just some of things to think about:
Budget & Finances
Before you start your search for a holiday home in Lancelin, you need to establish a budget. Holiday homes can vary in price depending on their location, size and condition. Determine how much you’re willing to spend, factoring in the cost of maintenance, insurance and ongoing expenses.
We don’t want to scare you off BUT it is important that you’re mindful that the short-term accommodation market is seasonal. This means that if you are reliant on the income generated, you will need to ensure the homes is available for rent in peak periods such as school holidays, Christmas, New Years and Easter.
By ensuring sufficient rental availability in the summer months, the income generated during this time will carry you through the quieter winter period as the demand drops. Nevertheless, if you’re not reliant on the income, one of the top benefits of short stay is that you can still enjoy your holiday home, while also generating some additional income when you aren’t using it.
On that note, we also advise our owners that cheaper is sometime not always better. Yes, we have demand for cottage style homes and budget-friendly home, but we also have our larger multi-family friendly homes that are very high in demand. These homes sometime generate more income and in the long term, can be more profitable, as they cover the mortgages for the owners more than our cheap and cheerful homes.
Location
When it comes to holiday homes, location is everything. With its stunning beaches, crystal-clear waters and proximity to Perth, it’s not hard to see why Lancelin is a popular destination for holiday makers. Lano is also home to a variety of outdoor activities; from surfing, to fishing, sandboarding and 4wd driving – the options are endless. Can you see why it’s a popular spot for adventure seekers?
When choosing a holiday home, consider its proximity to the beach, the Dunes and town centre. Holiday-makers love to park up & walk around town!
Property Management
If you’re planning to rent out your holiday home when you’re not using it, you’ll need to consider property management, especially if you don’t live nearby or don’t have the time or expertise to manage the property yourself. This is where we come in. We understand that you want to achieve better returns on your short-term holiday rental while also having peace of mind. That’s why our goal is to help you achieve both. We handle everything from advertising and bookings to cleaning and maintenance.
Some of our benefits here at Lancelin Beach Breaks:
- We take the time to screen your guests.
- We’re on the ground, so any issues your guests may have – we’re here to help! Run out of gas unexpectedly? No stress, we’ll drop a bottle around! Don’t know how to work something? Don’t fret, we can pop in and show them!
- From booking, screening, cleaning, and sorting payments – we handle it all, giving you greater peace of mind.
- Best of all, we always ensure your house is clean with fresh sheets prior to your arrival and we strip and clean the linen on your departure so that you truly get to have a break!
Find out more about our property management service here, or get in contact and have a chat with us, we’d love to hear from you!
Property Inspection
Before you sign on the dotted line, it’s essential you have the property inspected. This will help identify any issues that need to be addressed before you take ownership. An inspection can also help you negotiate a better price, especially if there are significant issues that need to be fixed.
If you’ve got your eye on a home, feel free to have a chat with us – we can advise its suitability for short-term accommodation and what the ROI would be like. We can also advise you on what you may need to do or consider prior to purchasing the home, so that you are making an informed decision with all potential costs included.
In summary, buying a holiday home in Lancelin can be a smart investment, but it’s important to do your research and make an informed decision. Consider the location, your budget, property management, financing and property inspection before you make a purchase. With the right approach, you can find the perfect holiday home that will provide years of enjoyment for you and your loved ones.