Author: The ESREA France Team

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How to Prepare Your French Property for Sale

Belvedere France

Many owners of French real estate are reluctant to do any work on their property before they put their French property for sale.

In fact, we have read that as little as 1 percent of French real estate owners invest money in a property before marketing the property. In addition, the 1 percent is typically investors who understand values.

Here are 3 important things to consider.

One
Invest with the greatest impact
Repair water leaks, insulation leaks, broken door, window and closet handles. In addition, faulty or broken electrical outlets need to be replaced.

Two
Tidy Up the Property
It may be appropriate to add some paint or plants to enhance your real estate and it is definitely important to tidy up the property. Find 50 specific tips in this 64 page guidebook.

Three
Make some Renovation
Sometimes it can be wise to do some renovation of a property but there is no guarantee the work you do will be liked by a future potential buyer. Get professional advice about your home before you invest in changes that might involve a lot of work. You want to make sure your investment has a positive return.

If you are planning to sell soon get yourself a copy of our guide book 50 Tips on How to Sell your French Property for the Best Price. 

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What French property defects can help reduce the purchase price?

English speaking French real estate agents

As beautiful as French real estate is there are defects that can help a buyer negotiate a price reduction:

One
A French house or apartment in a noisy location due to proximity to a main road or a train track

Two
A French apartment or house that is poorly insulated which leads to high energy consumption and increased ownership costs.

Three
A apartment or house that has a lack of Sunshine which leads to the need for increased lighting inside the residence.

Four
A French apartment on the uppers floor of a building without an elevator that can challenging for young families and older people to live in.

Five
A French apartment that has high monthly charges which increase ownership costs.

Typically, it is not just one of these items that can help a buyer achieve a less expensive purchase. It is usually a home or an apartment that has a number of these issues.

Make sure you read this article about what happens when you buy a property with defects.

If you want to learn more details about the above noted defects and more specifically what details to look out for we can help you connect with an English speaking French real estate agent in your area of choice. Contact us here.

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Mobile French Real Estate in a Box Cubitat from Canada

Did you ever want to take your French Real Estate with you where ever you go?

Well, you can’t really but a Canadian company is building a mobile cube that is in essence all your home in a 10 m2 cube: bedroom, bathroom, living room, kitchen…all you need and you just need a space to plug it inside.

Find out more by watching the below video or visit UrbanCapital.ca

Maybe someday you will be able to take your French real estate with you where ever you go.

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Seven tips for investing in French rental real estate

Hotel Martinez Cannes Film Festival

When you invest in French rental real estate there are many things you need to consider.

Here are seven:

One
Know your Purpose
Are you investing to generate income for your retirement?
Are you investing to have a French property to give to your children?

You need to decide on your purpose and then find out the tax consequences of your goal as a starting point.

Two
Know the Location
Make sure you know that the location you are investing in is an area with long term rental demand.

Consult government rental statistics.

Three
Know the Right Property
Make sure you don’t just pick a property because it is cheap. Make sure the property has features that make it desirable to rent.

Four
Know the Right Rent
Once you have chosen the appropriate property you need to make sure that the rent you can charge matches your goals before you buy the property!

So before buying consult a real estate rental professional for advise and consult government reports.

Five
Know the Rules of Renting
Make sure you know the rules relating to how you treat renters and how you can protect yourself again non-payment of rent.

Six
Know the Costs of being an Investor
Make sure you account for all the costs in the maintenance of your investment property. Including all types of taxes, monthly charges, repairs etc.

Seven
Know your Sale Price
It is very difficult to anticipate how the market will be when you sell your rental property. However, it is important that you invest in a quality product so that when the day comes to sell, if you need to, you can easily sell your French investment property at a profit.

For more advice on French real estate in your area of choice we can help you contact an English speaking French real estate agent. Contact us here today.

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