How can I make money from my French house?
Written by: Graham Gilbert Date: 5 December 2006
Owning a property in France is not just a dream come true - it's also a sound financial investment.
You too can place adverts in your local newsagents, supermarket or local newspaper to rent out your property and actually finance your mortgage payments! Your dream french property can actually pay for itself!
To ensure a maximum return on your investment you must remember the maxim 'location, location, location' and buy accordingly. Buy in haste, repent at leisure.
With up to 320 days of sunshine a year, southern France is the ideal place for year round rentals with holidaymakers, golfers and long-term tenants looking for a little 'dolce vita' in our long winter months.
There are many factors which will determine the amount of rental income your property will generate. Some of these factors include:
- Location of the property
- Distance from the beach, golf course and airports
- Property size and number of bedrooms
- Local amenities (promimity to cafés, shops etc)
Making money from your property rather than leaving it standing empty does, however, entail some risks. These risks can be minimised by employing the services of a property management company who will provide reassurance and a number of important services which will add to your tenants' holiday experience, these include:
- Maintenance and Repair
- Airport Collection for tenants
- Frequent site visits to put your mind at rest while you are away
So why not unlock the full potential of your home in the sun?
We'd love to hear from you!
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