By Tim Stephens, of Chesterton Humberts in Norwich
A holiday cottage in the UK can ensure that the family have an opportunity to have a break at any time. The property can cover its running costs, save on expensive hotel bills and still provide an experience. Think laterally when purchasing, are there all year round activities nearby?
Additional income at any time is useful, but particularly in times of recession. As well as buying a home and a roof over your head, why not buy an asset that can bring in an income? It is a luxury to tie so much capital up in a property constructed of bricks and mortar without making the capital work for you. Don’t forget that some expenses can be offset against the income.
*Tim’s on 01603 661199.