CRT : Making
Your Second Home Profitable
THE TRANSFORMATION OF THE SECOND HOME MARKET
For several years, we have seen a fundamental and growing trend in France for renting out second homes on an occasional or seasonal basis. The rise of operators such as Airbnb and Abritel HomeAway has changed owners’ habits. A study carried out by Harris Interactive in 2016, found that a third of second homeowners have turned to seasonal letting.
In general, the decision to rent out a second home from time to time arises simply from a desire to pay for the annual upkeep and energy charges. However, some second homeowners begin to rent out their properties in the hope of maximising their rental income.
Nevertheless, because of the distances involved, to save time, to simplify customer exchanges and for safety reasons, homeowners are increasingly turning to a single operator, capable of providing a turnkey management service for their second home (finding rental customers, managing the reservation schedule, handling arrival and departure inventories, management, taking care of cleaning and linen, and, for some properties, providing a dedicated concierge service).
Based on this observation, Terrésens group developed a new generation of second homes that meet two objectives, namely, to preserve all the pleasure and freedom involved in owning a second home, while simultaneously increasing its value by sometimes renting it out.