For a few years, investment has been the order of the day, it is no longer an activity that a few do, people are looking for ways to get more out of their money. And why deceive ourselves, so that we can have money to fall back on when retirement arrives. There are many ways to invest; from investment funds to real estate. Today we bring you some keys to buying an apartment to rent and being able to get profitability out of it , and we will also give you some key tips to rent the property .
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Buy apartment to rent
As with any major operation, everything has its advantages Chinese Overseas America Number Data and disadvantages . When we talk about entering the world of investment and buying a house to rent , it is essential to take stock and see if it really pays off for you. Every investment has its risk, but if we can minimize it, the better.
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Advantages of buying an apartment to rent
One of the great advantages, without a doubt, is the profitability that you can get from the apartment. But to do this, it is important that you choose the property and the area well, if you know what tenants are looking for it will be easier to obtain profitability sooner.
Specifically, in Spain the profitability of a rental home during was 6.5%. If we look at the communities that are most active, Murcia heads the list, followed by Navarra, Valencia and Catalonia. Regarding the municipalities, we find GandÃa, Lleida and Algeciras as the most profitable to invest in housing.
Furthermore, as the owner of a rented property, you have a deduction of 60% of the income generated and you can deduct all expenses associated with the property from your income.
Finally, having a fixed monthly income can be a great help or plus for your economy, even becoming a second salary for some homeowners.
In summary:
Profitability of almost 7%
Deduction of 60% in the Income Tax return.
Fixed monthly income.
Disadvantages of buying an apartment to rent
The drawbacks are:
Buying a property has many expenses and costs.
You will have to deal with tenants and possible problems such as non-payment of rent.
You have to do a good prior market study to ensure good profitability and have it rented continuously.
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How can I rent my home?
Now that you have more information to evaluate whether to buy an apartment to rent, it's time to move on to the next step: how can I rent it?
Prepare the home
First of all, once you have bought an apartment to rent, you will have to prepare it. Here you will have to assess if it needs any renovation to revalue it, if you prefer to furnish it and charge more rent or if it is ready with a coat of paint.