Winter is coming, and with it plenty of tourists looking for a large distraction to celebrate the end of a year and bring in another well. As a shrewd investor looking for an opportunity, this time is ripe with potential. While the nature is slowly dying and hibernating around you, tourists are just getting started. If you have the right means, you can ride this wave, and make yourself a tidy sustainable profit to replicate each winter.
We’d like to suggest some handy tips to help you do this, and to make the most of your investing strategy.
What do people want more than anything in the winter months? Time off work to relax and unwind with their family. For this reason, temporary accommodation is always an incredible opportunity to place your investment in. Finding an excellent location is the first step. You need somewhere which has a high population all year round, but has access to, or is at least near facilities such as ski slopes, indoor skiing rinks and potential Christmas event hosting. Somewhere out of the way, such as The Lodges in the North Carolina mountains.
Unspoiled views are currently some of the most popular areas you can advertise accommodation, because people often want a quiet retreat in the depth of the cold season. Here you can rent out the properties you purchase through a service such as AirBnB, or manage them through a letting company. Consider how hands on you would like to be towards this process, and that will help dictate your level of involvement from the start.
If you’re not looking to own or manage homes directly, you may consider getting into property maintenance. During winter people often take the time to reconsider how well their property is running, and add the instalments when need be. This is because winter is the harshest season, and any issues with insulation, structural weakness or other general maladies are sure to be felt more intensely. Investing, overseeing or covering winter costs for a percentage of profit can help you gain a solid foothold in property maintenance this winter, and from there your pursuits can develop.
People are much more likely to part with their cash if they feel it’s in the pursuit of an experience, especially when trying to make a day of it with their families. For this reason, it’s important to invest in events worthy of commission. People often enjoy the Christmas market phenomenon. There’s simply no better time to get a catering event off the ground. This is fantastic, because they are singular projects you can invest in and manage, allowing you to move onto the next pursuit. For this reason, consider investing in food, drink and maybe even beer festivals. You can staff these events with temp agencies, or more importantly people from the local community. Not only will you make a pretty penny, but you’ll be doing real good for the local area.
With these simple tips, you may progress in the direction of winter profits. Why let them elude you any longer?