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Gite Owners
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25/02/2008, 16:10
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JJ

Joined on 01/01/2005
Charente Maritime
Posts 247
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I would tend to agree with Cerise, the market is a saturated one, especially in the Charente and Charente Maritime. But that does not mean you cannot be a success.
We had plans to have at least 3 gites, or a complex, but in the end we had to settle for one gite, however, it has been very popular averaging 26 weeks per year. Mind you, it does not provide enough income to live on.
The main reason for our success is that the gite is big enough for a small family of two adults and 3 children, yet also ideal for couples, so bear that in mind. Also, one gite and one pool is a very popular option, although that may not be feasable in your case.
Also, do not cut corners on fixtures and fittings, there are still loads of gites out there with tatty secondhand furniture wondering why they are not getting many bookings
We are now in our 4th season.
Good luck.
JJ
www.gites.gb.com
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26/02/2008, 17:00
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Ian

Joined on 04/07/2007
Posts 388
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I think you are being quite conservative/realistic hoping for 10 weeks a year. With a concerted multi-lingual marketing effort and delightfully photogenic gites, (with obviously appropriate pricing) you could find yourself closer to 20 weeks and after a few years touching 30 (the repeat bookers boosting your strike rate). I got 22 weeks in my first year with one gite (have subsequently bought 2 more and the trend has continued.)
I think you have had good sound advice here. One other point I would add - if it's not too late - is to consider your exit strategy i.e. how you will sell your business or disperse your real estate assets when you have had enough. Gite "complexes" will be much harder to sell than 4 seperate properties (your house + 3 gites) and by having seperate gites you can choose to sell them piecemeal should you wish to "downsize" too.
The very best of luck.
Holiday and Property Guide for Nice and the Cote d'Azur
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26/02/2008, 18:28
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Ian

Joined on 04/07/2007
Posts 388
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Very true - I don't know the charente market or weather patterns. There are many parameters one has to take into account.
It is more than just a question of setting your prices right. Charente is wonderful and sunny ... but perhaps for not so long as Nice.
Holiday and Property Guide for Nice and the Cote d'Azur
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01/03/2008, 7:44
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Cendrillon
Joined on 19/10/2007
S.E. England & S.W.France
Posts 410
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Location / access
Appeal
Marketing /advertising
Price
Many things to consider.![Smile [:)]](/cs/images/emotions/smile.gif)
Cendrillon
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01/03/2008, 11:08
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jon
Joined on 29/12/2007
Gironde
Posts 328
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Cedrillon where are you in SW France.....all very encouraging?
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01/03/2008, 11:09
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jon
Joined on 29/12/2007
Gironde
Posts 328
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Itf where are you.....interested in all theis positive renting?
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01/03/2008, 17:43
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nimportequoi
Joined on 15/11/2005
Posts 506
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Cendrillon wrote: | Location / access
Appeal
Marketing /advertising
Price
Many things to consider.![Smile [:)]](/cs/images/emotions/smile.gif) |
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Totally agree, Cendrillon.
Jon, Brittany.
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France Forum » Owning/Running ... » Gite Owners » Re: Gites.
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