The profitability of a property is an important factor when investing in real estate. If you are considering buying a home in Moraira, it is important that you take into account the different ways in which you can obtain an adequate return from your investment. In this text, we will offer you some tips and strategies that will help you maximize the profitability of your home in Moraira.
First of all, it is important that you take into account the location of the property. Homes located in areas with high demand, such as near the beach or in popular residential areas, usually offer higher profitability. In addition, it is important that the property is in good condition and that it has the appropriate amenities and services to attract potential tenants. Clients who come to our real estate agency in Moraira we always advise them so that whatever their objective with purchase, they always get the best possible investment.
If you are looking to buy a villa or a villa in Moraira, or any other type of property, you should know that depending on the factors of the good we can get one profitability or another. If the idea is to obtain profitability by renting the property, we must take into account some factors such as:
As we have seen, it could also be considered another important factor and is the rental price. If you set a proper price, you are more likely to find tenants quickly and get adequate profitability. However, it is important not to set too high a price, as this can deter potential tenants and make it difficult to obtain tenants.
There is the possibility of renting the villa, chalet or apartment for long periods, with a fixed rent that should be similar every month. This type of return is a fixed income which does not bring with it many difficulties or headaches. Depending on whether it is an apartment, a villa or a luxury villa, the profitability that you could get monthly to the property can range between € 900 and € 2,000.
You can also consider renting your property as holiday accommodation. Moraira is a popular tourist destination, which means you can earn a significantly higher return by renting your property as holiday accommodation rather than residential housing. However, it is important to keep in mind that the vacation rental requires more effort and attention on your part, and that it is necessary to comply with certain legal and fiscal requirements and have a control of entries and exits. The good part of this type of profitability is that it is higher, and that in season not as high as May, for example, depending on the type of property, you can get a return from € 90 per night, up to € 300 or even more. Let's say that for a week of accommodation we could get an average of € 1,500. In high season if the property is large and has different factors, the profitability could reach up to € 3,000.
Another way to increase the profitability of your home is to improve and modernize it before renting it. Well-maintained homes with modern features often attract tenants willing to pay more. In addition, it is important to provide good service to the tenant, which includes responding quickly to their needs and fixing any issues efficiently.
There are different styles that attract many types of tenants in the Costa Blanca area, from more modern styles to more rustic and Mediterranean styles. If you want to increase the value of your property in order to get more profitability, you can also consider the option of hiring our construction and renovation team in Moraira. Contact us and we will do a study of the possible improvement.