Tips offered on generating money from a second home

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Tips offered on generating money from a second home

Advice on how to make money from a second home has been given by the Times.

Writer Norman Miller said that giving a second property a facelift could bring in an extra £3,000 to £12,000 a year.

Such homes can be rented out to people needing a "staycation", or holiday within the UK.

James Ellis of Norfolk Country Cottages told the paper that inquiries about renting second homes in Suffolk and Norfolk have increased by 30 per cent this year.

According to Debbie Skyrne of Cornish Horizons, the décor of such a home should be practical "while adding character and flair".

The paper also quoted Leonard Rees of Welsh Cottages, who said that homes which do not ban smokers can attract 15 to 30 per cent more income.

He also observed that 72 per cent of his clients need somewhere that welcomes pets.

Nick Nairn told last weekend's Sunday Times that bad press afforded to second home owners is not always justified.

Mr Nairn, who owns a second holiday house in Fife, said his family contributes to the local area.

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