Home Property Ways to reduce the costs of a holiday let

Ways to reduce the costs of a holiday let

by LLP Finance Reporter
10th May 23 4:10 pm

Amid the cost-of-living crisis, holiday homeowners may be looking for ways to reduce the costs of running a holiday let while still ensuring a profitable return.

Sykes Holiday Cottages have found that the average cost of running a holiday let is £11,500, including things like council tax, utilities, cleaning costs and property maintenance, with this dependent on the size of the property and its location.

To help holiday homeowners, Bev Dumbleton, Chief Operating Officer at Sykes Holiday Cottages, has shared her top three tips that focus on cost effective changes without compromising on offering guests a great experience:

Remind guests to save energy

We all know that turning off lights not in use or switching off the heating when you’re heading out can help save energy and keep costs down. However, when you’re on holiday these daily habits can be easy to forget.

A gentle reminder in a welcome pack upon check could be an effective way to keep your bills within a reasonable budget, encouraging holidaymakers to be more energy aware during their visit.

Also, where possible, try switching the light bulbs in your holiday let to LED bulbs. Not only do these last longer than a typical bulb, but they also use significantly less energy and could reduce your bills.

You could also install a smart thermostat for as little as £100 in your holiday home so that when your guests check out, you can turn down your property’s heating to make sure it isn’t fully running if no one is there.

Ensure your property is well insulated

Draft proofing your property can be an affordable way to ensure it is well insulated and not losing heat unnecessarily.

Pick up foam or brush strips from your local DIY store, or order online through Amazon, and apply these to any doors which lead directly to the outside of your property.

You could also look to insulate your roof. The Energy Saving Trust estimates that insulating a roof or loft on a detached house in the UK typically costs around £395 and can help to make your energy bills much more affordable for the foreseeable future.

Partner up with an agent

Partnering up with a holiday letting agent, like Sykes Holiday Cottages, can help to ensure your holiday home is booked year-round.

As well as helping you maintain your property to a high standard, agencies like Sykes also have years of experience when it comes to marketing to maximise bookings. They will always promote your property online and can offer advice on how to attract more bookings if required.

While there are varying levels of commission for these services, working with professionals will help to ensure your second home investment is working as hard as possible for you.

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