INCREASE YOUR SECOND HOME'S PROFITABILITY BY RENTING IT
06-05-2019
LEARN HOW TO MAKE YOUR SECOND HOUSE MORE PROFITABLE
Do you own two properties? During good weather periods, many families move to their village house or their country house, where they can enjoy a quiet place away from the city hustle. However, other owners opt for another very interesting option: rent their additional residence to obtain extra income. Do you want to increase your second home's profitability by renting it? In this post, we'll give you some tips to keep in mind.
1- THE AREA
It is very important to know very well your village house's or your country house's location. The better the environment is, the more possibilities you will have to rent it. For example, a characteristic to be remarked is if the house is in a natural place, surrounded by vegetation or if it is inside an emblematic locality; These data can be a great claim to awaken the future tenants' interest.
2- WHICH PRICE CAN I FIX TO RENT THE HOUSE?
It is essential to be coherent when setting a rental price for your second home. It is highly advisable to compare the properties' rental prices in the area so you can define the minimum and maximum price. The better your offer is the more interest will show the tenants and you will get your extra income faster.
3- SOME POINTS TO KEEP IN MIND
If your property is in good condition you will get a bigger claim to occupy it. Try to improve the possible flaws before rent, for example, paint the walls again, check the windows' and doors' insulation and don't discard the possibility to reform the estate if you want to increase its attractiveness.
4- CONTRACT TEMPORALITY
There are many interesting options to rent your house, depending on how and how much do you want to increase your second home's profitability. You can rent your village house or your country house during the week, while you are in your habitual home, you can also offer it for months, something very common especially in summer periods or long festivities such as The Holy Week; on weekends; or offer an open-ended contract, a very effective way to keep your second home in good condition if you can not visit it regularly.
Have you thought about to increase your second home's profitability by renting it? Keep your property always in good condition and receive additional income periodically. A very interesting option and every day more frequent.