Considering a La Charente gîte or investment holiday property?
Act now! You may benefit from reduced out of season purchase prices if you act quickly. If you can adequately communicate in French, then it may be advantageous to go direct to the seller and avoid agent’s fees, if the fees are pushed to the buyer.
Look for personalised ‘AV’ signs on properties if you are in La Charente. If you are in the UK and unable to look for personalised ‘AV’ signs, then sign-up for our Property Alert for ‘AV’ properties which we have identified for their investment potential.
More importantly, you need to be ready for the holiday season and to start your investment property’s ROI. Remember, notaries can take up to three months to process a property transaction. In addition, the notaries’ fees should be added to your purchase price and included in your yield calculation. If you wish to maximise your yield, then you need to start your investment holiday property search now if you aim to start seeing a return from your investment property this summer.
If you are considering purchasing an existing holiday home or gîte, ask to see the accounts for the previous years as you will be purchasing an ongoing business. In addition, ask to see the bookings for this year which may give an indication of your potential investment property’s performance. If no bookings have been taken for this year, then try to negotiate a price reduction to compensate for any loss of high season return on start-up.
More importantly . . .