Home Away - Carlton Palmer's Property Services
Home Away - Carlton Palmer's Property Services

I suppose this all began when I bought a holiday retreat: somewhere that was easy to get to, but still off the beaten track. Because the place was lying empty most of the year, letting was the next natural step. Before long, I realised this investment was out performing the stock market, and on top of that, bringing in a tidy annual income. More properties followed, and the word began to spread. Here are some of my experiences arranging properties for family, friends, friends of friends...

Home Away - Carlton Palmer's Property Services

LOCATIONS AND LANDING PADS

Last year I was approached by a couple of developers who had clubbed together and wanted to make a £5 million investment. One home each, and the rest to spent on whatever would bring in the highest return.

So far it was straightforward. We discussed the exact brief of what they were looking for: style, size, amenities, seasonal temperatures, taxation systems, security, translation services etc.

It's when I brought up the topic of ideal door-to-door travelling time from the UK, that the helicopter came into the brief. You expect to have details of an ideal price range - but the flight range of a Bell 206B-3 twin turbine helicopter! This was a first.

After coming back with my recommendations; including photos, architectural schematics, floor plans and refuelling points - we arranged a viewing in southern Spain.

My client's were delighted and signed up right there and then for the 20% deposit and full payment on completion. I, however, will never be flying in a helicopter again.

TIME SHARES VS FRACTIONAL SHARES. NO CONTEST

A few years ago some mates of mine were looking for a holiday home in the south of France. With a budget of £40,000 each, they thought the only solution would be a time share apartment.

I scouted round St Tropez and came up with a fantastic penthouse overlooking the marina. Now, instead of having a place for a couple of weeks a year and nothing to show at the end of the lease. They are sitting pretty on an investment which they own, has doubled in value, and they can let out for the weeks they are not there.

THE DEVIL'S IN THE DETAIL

Many of the properties I deal with, are new developments abroad. Although the plans might look great on paper, it's in the small print where many people get caught out.

Before I can make any recommendations, I have a team of experienced solicitors poor over the finer details of the contracts. What are the penalty clauses if the project isn't completed on time? If it's a Buy To Let investment, will they compensate for loss of potential earnings? Has planning permission been granted for further developments in the area which could effect the value in years to come?

It's little details like this, that make a big difference to my clients.