As the 2017 caravanning season comes to a close, you may have begun considering what you’re going to do to maximise the use you’re getting out of your caravan next season. Considering the possibility of letting out your caravan next season to maximise the cost-effectiveness of your investment could be a good idea to get a good return from your static caravan.
Whether you’re thinking of letting to friends and family, or a wider market, there are some things you should consider before renting out your caravan.
The first thing you will have to check before you consider your rental opportunities is whether your individual park operator allows third-party lettings on their site. Some sites do allow you to let out your caravan to family and friends, however, some can impose restrictions for bookings which are not made directly through them so checking this early on can ensure there are no complications later on.
Once you’ve decided to let out your caravan, it is important to plan how you are going to advertise your rental property. One advantage of letting through your holiday park is that these responsibilities will be taken care of for you. However, if you do choose to do your own advertising, this can be done easily on a number of rental caravan websites, social media or word of mouth.
In order to get the best price for your caravan, it is important to conduct some research and check what others are charging for their caravan throughout the year. Taking into account the make and age of the caravan, as well as location, will allow you to decide the best price point to advertise your caravan at and ensure you get the best value from your rentals.
Ensuring you have a well-stocked caravan can help to make your let as warm and inviting as possible, from supplying items such as cutlery, mugs and a kettle to clean bedding and towels, these are the things which will make your guests feel welcome during their stay.
Dependant on whether you’re letting out your caravan yourself or using an external company to manage your caravan lettings, you’ll have to consider how you’re going to clean your caravan in between your visitors.
Wear and tear
Static caravans can depreciate in value quite quickly, so it’s important to maintain them well. Renting out your holiday home can open it up to excessive wear and tear, which will push the potential resale value down further. Think of it like a car – the more usage it gets, the less it’s eventually worth.
If your caravan isn’t getting the use it deserves, then holiday lets could be a good option for you to get the return you need on the cost of your caravan. However, if caravan rental isn’t for you, then could even sell your caravan with one of our experienced agents and get a lump sum in your bank account the same day we come to pick up your caravan.
Request a free valuation today for more information.