What defects can help me save money on a French property?

If you are planning on buying a French property and you need to get the lowest price possible because of your budget you can often negotiate on the price if the property has certain less desirable features or defects ‘défauts’ as they are called in local language.

One
If the French apartment is on the ground or first floor it is less desirable and harder to sell so you may have a chance to reduce the price.

Two
If the French apartment is higher than the fourth floor and there is no elevator you are likely to be able to negotiate since it is not so desirable a property.

Three
If there is work needed you can also typically negotiate the price.

Learn more in our French real estate buyer’s guide and course.

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French Monuments and Castles for Sale

If you desire to own a French castle in the style of Louis XIII, a castle of almost 3500 m2 of living space, 2500 m2 of extra buildings in a park of 30 hectares then there is one available right now in area of France called HAUTE-SAÔNE. Click for map

This gorgeous castle is priced currently at 12.6 million euros.

BigCastleFrance

You will find pictures of this castle here as part of an article in French on historical buildings for sale in France at this time.

If you would like speak to an English speaking French real estate agent about more historical monuments for sale contact us here.

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Real Rollercoaster in a Home

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10 Ways to have a Successful French Real Estate Property Inspection or Survey

If you are planning on buying or selling French real estate you need to be aware of the property inspection or survey.

In France, French property inspections are rare right now. In some countries such as Canada and USA buyers will rarely invest in a property unless they have the property inspected to make sure they know the condition of the building and any potential or current defects.

The future is that many more sales of French properties will rely on the report of the inspector or as it is called in English the surveyor’s report.

In France you can hire an English speaking chartered building surveyor (inspector) to check a property you are planning to buy.

Sellers can potentially receive a better report of their property by using the ten following ideas to improve the property.

NOTE: The French building inspector / chartered building surveyor is hired by the buyer and paid by the buyer so if you are a property owner do not expect the inspector to discuss with you after the inspection the condition of the home since he is not paid by you, if you are the seller.

One
Prior to an inspection make sure you have replaced all blown light bulbs, filled cracks in the walls, repaired door handles and fixed any loose doors, window etc.

Two
Remember to check and fix the roof, repair leaks in pipes and gutters. Get professional help when needed.

Three
Check and repair the inside and outside walls of the building and repair and paint professionally.

Four
Check for and repair any moisture issues, do not try to hide the evidence the inspector will find it with his moisture detecting device.

Five
Review the results of the diagnostic reports and any thing that is not at ‘norm’ get it repaired. Make sure you have a certificate from the repair person or have the diagnostics done again to confirm the problem is fixed.

Six
Repair any steps or carpet or tiles that can be a safety hazard

Seven
Make sure the necessary heat or smoke detectors are working.

Eight
Make sure your heating or air conditioning and hot water system is functioning properly.

Nine
Check for leaking pipes throughout the property and make necessary repairs.

Ten
Make sure the septic field, if you have one, is inspected by an official inspection company and that the company gives you a certificate to show the work is done.

If you would like to locate an English speaking French property inspector or Chartered Property Surveyor simply contact us here for guidance to help you find one in your area of choice.

If you want to learn 50 ways to improve the potential sale price of your home check out this guidebook.

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Paris Real Estate Market update November 2014

Olivier Marin, chief reporter for Club Immo reported today on Explorimmo the latest news from French notaries on the condition of the Parisian Market.

According to Parisian notaries, there is a continuing decline in the value of properties in general in Paris, overall a 4 percent decrease over two years.

Notaries anticipate that the average price per meter squared in the capital of France will soon drop below the symbolic 8000 euro / m2 threshold, the first time since 2011.

In contrast, there have been 100,400 pre-owned homes sold in the Ile-de-France during the first 9 months of this year which is + 3% year on year but way lower than the records of pre-2008 records.

Get right up to date on the current Parisian real estate market by having an exploratory private consultation with an English speaking French real estate agent based in Paris.

We can help you contact the right real estate professional in Paris today. Contact us here.

Listen to this update in a French video from Explorimmo here

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Note: Details on our 110 Tip electronic French real estate buyer’s guide plus checklists is here.