Houses Rent London

If you are considering buying a house, Guest House or flat, why consider buying in London? 
London is one of the busiest resorts in Britain, attracting millions of visitors each year with its famous Big Ben, Tower of London and Buckingham Palace to name a few. In addition many people still visit London for conferences, concerts, shows and events making it an “all year round” resort.

How long a season is in London? 
It is fair to say that is a 9 month season, leaving you the possibility of three months off each year (as well as time during season) if you so choose. You can however take bookings all year if you prefer to cater for a 12 month business period as there are continually shows and events happening here.

Who comes to London? 
A recent study found that a typical person in the UK will visit London three times in their life.  Once as a baby, another as a young adult and again as a parent, thus the cycle continues.  Some people return much more as there is something for everybody in London.

More property for your money. 
The price of property in London is noteriously expensive compared to other parts of the country but the trade possibilities much better (if you do things properly!). This makes London an increasingly popular even if it is your first purchase.

Why people are increasingly attracted to running a B&B/Guesthouse/house
There are many reasons why more and more people are following their dream of running a B&B including some of the below:

Escaping from the rat-race of workplace politics and the daily grind of the long commute, as you work and live on the same premises.
Meeting lots of interesting people.
Your business expenses can be minimised as your own home doubles as your business premises.
You gain independence and an enjoyable way of life.
You may be able to have time off during the off season.
Your future is in your own hands.
Unlike a rental business, where income is classed as an investment, the B&B is a true business occupation giving the owners tax relief advantages when it comes to claiming expenses.
You have the great satisfaction of knowing that every bit of effort you put in is contributing to the value of your business investment.
You are building an asset for the future which should have a substantial re-rent value when you eventually come to retire.

Is a house, Guest House or Bed and Breakfast very hard work?
Like all small businesses, success is governed by approximately 20 per cent inspiration and 80 per cent perspiration - there's no substitute for hard work and initiative! It is up to you to ensure that you run the business and the business does not run you. By defining your opening and closing dates, you can factor in plenty of “you” time if you do things properly. Some people choose to open only weekends and holiday periods throughout the whole year leaving them time off during the week. Some people prefer to open most days for a defined period of the year and then close for a number of months. It depends what will suit your lifestyle. What matters is that when you are open you run your B&B on the premise of excellence - excellent customer service, clean, comfortable and safe accommodation with a high standard of catering and you can hardly fail!    

Take advantage of all the free advice out there
If this is the first time you have worked in this type of industry don’t feel too daunted. There is plenty of free advice out there and there are many useful associations you could join to keep you in the know. For more details have a look at the following sites as examples of the help available:
http://www.landlordzone.co.uk/b&b.htm
http://www.bizrent.co.uk/housebuyingguide.html
http://www.tourismsupportbureaulondon.co.uk/