There are many advantages to buying a ski house, including the fact that it is a great investment opportunity! After a ski-free season, many vacationers are looking for private accommodation, such as ski chalets. So, now could be a great time to buy.
The writers of The luxury ski show introduces you to their main things to consider when looking for a ski house to rent.
Choose an attractive neighborhood all year round
Where to buy your property? You can choose an area with a long season to give yourself the longest time possible to earn income. Beach resorts such as Zermatt in Switzerland and Tignes in France might be good options.
You can choose to choose a “two season” resort. It would be a place that offers activities in the summer, like mountain biking, hiking, etc. Many seaside resorts offer summer activities and if they are close to attractive tourist spots, like the Italian lakes, even better!
Calculate your rental yield
It is also a good idea to look at the rental yield in different areas. A good place to start would be to look at the average rental prices over the past year and compare them to real estate prices. If the properties are affordable but the return is low, it may not be worth the investment.
To calculate the yield, divide the annual rental income by the value of the property. Then multiply it by 100 and you get the rental yield percentage.
How are you going to find clients?
If you are renting your ski from home then you need to think about how you are going to find customers. Will you be competing with many other establishments and hotels? Does the demand for housing mean that you are likely to find clients easily? It would be worth doing some research on this.
You can use an established agency to find clients, which is probably the easiest route. Usually this will result in a slightly lower income as the agency will take a cut. However, the process will also take less time for you.
On the other hand, you could handle everything yourself. You could put your property on portals like Airbnb which means you would handle inquiries, registrations etc. It would be more work, but you will have more control and more money in your pocket.
What will the interior look like?
Think about how to decorate not only for yourself but also for your guests. It may be best to go for neutral colors that most people would like and are easy to maintain. On the furniture side, it is better to avoid breakable and expensive objects, opting instead for things of character that are easily replaced.
A lot of luggage is usually needed for a ski vacation, so make sure the storage space is generous and practical. The little details can go a long way, for example, a dedicated snow boot area near the entrance could make your guests’ lives so much easier!
Luxury ski show virtual event
Have questions about buying a ski property? Hear from the international snow and ski experts at The luxury ski show virtual event.
The only online event of its kind, you can visit the showroom, lounge and seminar theater from the comfort of your sofa. The event will feature international real estate agents, lawyers, currency specialists and IFAs, among others.
Whether you’re looking for the perfect ski property, the latest mountain trends, or expert advice, you’ll find it here.
Whiskey on tap investment guide offers all the essentials