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Original poster

buying a house to run as a B & B - anyone got experience?

11 replies

sparklemagic · 27/04/2006 11:36

just wondered if there were any B & Bing mumsnetters out there, or mortgage clever bods....if I were to buy a house specifically to run as a B & B, would mortgage companies offer me enough to actually buy the place? For a B & B we would need a bigger house than our salaries could buy - but obviously it would be providing an income...anyone know how it works??

Help!

OP posts:
zippitippitoes · 27/04/2006 11:51

have you contacted your local business link? they do short courses in start ups and will help you with a business plan which is what you need if you want to borrow money to set up. I haven't had any expereince with b&b but it is a business too.

Original poster
sparklemagic · 27/04/2006 12:00

am right at the beginning of thinking about it zippi - not even heard of business link! Blush

thanks - useful to know!

OP posts:
bubblerock · 27/04/2006 12:02

Hi Sparkle - I have a B&B, where are you looking at buying?

bubblerock · 27/04/2006 12:19

How many rooms would you be looking to let out? You would need to make sure that any house that you think of buying would be suitable as a B&B - there are so many regulations! You would need all fire alarms/extinguishers, emergency lighting, electric checks, licenses if you wished to sell alcohol/play music. Extra costs include insurance, business rates (as well as domestic).
It would definately be easier to take over an existing business (fancy one in Blackpool? Grin Wink)

Original poster
sparklemagic · 27/04/2006 12:22

Hi bubble - we're looking around the gosport / lee / hillhead areas of the south coast...anywhere near you? Not going to be stepping on your toes I hope?? Grin

btw, can you tell me what sort of B & B you have - do you enjoy it? How does your day run? And - ahem - if it's not too indelicate, is it a good erner for you????

TIA!

OP posts:
Original poster
sparklemagic · 27/04/2006 12:22

earner, I mean!

OP posts:
zippitippitoes · 27/04/2006 12:25

is that Portsmouth (just being nosey)

bubblerock · 27/04/2006 12:26

Sparkle - email me so i have your email addy and I can let you know more bubblerockjl25 at aol.com

I'm popping out for a bit but I'll be back soon and I'll try to answer any questions Grin

We moved oop north as we couldn't afford down south!

Original poster
sparklemagic · 27/04/2006 12:30

yes Zippi, near portsmouth!

OK bubble, will e-mail asap though might be this evening as am off out too! Thanks for the offer!

OP posts:
bubblerock · 30/04/2006 11:47

Sparkle - how old are your children?

Linnet · 02/05/2006 21:51

Bubblerock, you mention that there are lots of regulations to consider, is there a website where these are listed?

Sorry I'm just being nosy as running a b&b is something that I have also wondered about over the years.

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