You have decided to invest in real estate and you are wondering what is the best alternative? Note that the investment in the old is much more interesting and more profitable than an investment in the new and this for multiple reasons. You can then proceed to the purchase of an apartment present in an old building and make it a sure source of money for a quiet retirement. Before renting the apartment you have just purchased, carry out all the necessary renovation work and optimize your income. More details on this.
Real estate investment allows you to increase your income and gain financial independence at the same time. However, like any investment, it requires in-depth market research. According to experts in the field, investing in the old is much more interesting than investing in the new. Admittedly, it is necessary to plan for additional expenses for the renovation, but the latter are quickly amortized. Buying to rent can therefore be an excellent investment. Find out why!
Note that most old housing is located in the city center and thus enjoys a strategic location compared to new housing. After renovating your apartment in an old building, you can be sure that once you put it up for rent, potential tenants will flock to it. The rent, meanwhile, will be two or three times higher than that of an apartment located on the outskirts.
By investing in the old building and carrying out renovation work, you can take advantage of an attractive tax advantage depending on the extent of the work. Among the schemes to which you can claim are the common law scheme, the old Borloo or even the popular Borloo. Depending on the amount of the future rent for your apartment, you can benefit from subsidies from local authorities.
Once you’ve finished renovating your apartment, you can easily raise your rent knowing you won’t have to wait long to find a tenant. Indeed, the majority of people who are looking for an apartment to rent prefer a location in the city center. Thus, they will have no problem with the means of transport. Nor will they have to travel miles to do their shopping or to deal with administrative paperwork. For your part, you will benefit from a certain ease in finding a tenant, because people prefer to live in town even if it means spending more on rent.
Note that by buying an old apartment, you have the opportunity to renovate it and decorate it in your image. By bringing a modern touch to your apartment, you can set a high rent and still see a large number of potential tenants asking for a viewing appointment.
In order for your investment in an apartment to be profitable, focus on many criteria before buying, starting with the location. This criterion is essential to be able to set a high rent. Also calculate in advance the scope of the work in order to estimate your expenses and identify the tax benefits to which you may be entitled.