A lot of people plan to fund their new lives in Spain with some sort of rental business and I always encourage them to go a little further and offer activity holidays. There is an almost unlimited choice of places to rent but a much smaller selection of people offering specialist vacations and as a consequence the prices you can charge are much, much higher. Some of the ideas that have been successful include mountain biking, walking, horse trekking, motor bike touring, language classes, photography, bird watching and of course painting. There are more but you get the idea. The big question is where to establish the business! It’s a choice of Pueblo or Campo for you!
Most people’s dream of country holidays usually involves a big country house with lots of accommodation on site. The reality for most people is that if you don’t have a huge budget this is unlikely to be a viable option. Big houses are expensive and planning permission to create extra accommodation is increasingly difficult to get.
The almost unlimited availability of accommodation. In a country house your accommodation is all you have. In the village if demand is strong you rent extra property as the need arises. Keeping the profit but without the responsibility to maintain units that will only occasionally be needed, for example in peak season. And this also means you never have to turn anyone away!
Catering. There are bars and restaurants in villages where your clients can feed themselves. In the country it will be down to you!
Entertainment. An obvious follow on from 2.
Even if you are happy to cater for and entertain guests the availability of back up is always welcome.
The cost of extending a successful business is cheaper. Village houses are comparatively cheap, especially in the present market, so picking up annexes and overflows as opportunities present themselves will be affordable. Selling them on should the need arise will also be easier as you can sell of individually whereas a country house requires one rich buyer.
Extending your business by buying extra houses means your growth won’t be blockd by planning restrictions.
OK, the village house option isn’t as romantic as rose cottage or even olive tree finca but if you are after making a good living it is often the way to go. Either way if you have some business plans then please get in touch to talk about them!
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