Setting a Rental Tariff
Setting a Rental Tariff
You want to make money out of your holiday property but at the same
time you obviously want to set a reasonable rental tariff which will
attract those all important booking enquiries.
Getting the Price Right!
A little bit of market research will go a long way here. It won’t take
you much time and effort and it’ll be worth it in terms of the number
of bookings you’ll secure if you get the price right.
Look in local agents’ windows to check out the rental prices of
comparable properties in your area. Scan the classified ads in newspapers
and magazines and look at holiday properties on-line to see how they’re
presented and what prices they’re fetching. Compare the prices of our
wide range of properties before making your decision on price.
Bear in mind that Internet holiday hunters expect to pay less when they
book a holiday property direct from the owner than they would if booking
through a holiday agent. So you need to have an idea of what the agents
are charging and what level of commission is built into their prices.
Some high street agents have been known to charge more than 50% commission
on each booking - so that leaves you with plenty of scope to under cut
them when you advertise on the Internet.
The prices you decide to charge will need to reflect a variety
of factors including:
* location - coastal/inland/top tourist spot
* size of the property/number of beds
* proximity to local beaches
* availability of a swimming pool (private or communal)
* transport links - proximity to an airport with charter flights
* general standard of the property and its facilities
* availability of a garden
* local attractions
Vary your rental prices according to high, low and mid-season. You’ll
be able to charge a higher price over Christmas, New Year and Easter.
“Test the water” at one price level then, if you feel you’ve pitched
your prices either too high or too low you simply change them.
The Black Art of Buying Property in Cyprus™ ®
The Cyprus Informer™ ® ©
http://cyprusinformer.eu
