If you have bought a home on the Costa Blanca and are thinking of making it profitable through rent or you plan to acquire it with this objective, you will undoubtedly be wondering how you should approach this project so that it offers you the best benefits. Today at YER, we give you three tips to successfully rent your home on the Costa Blanca.
First of all, allow us to clear up the doubt that usually comes to most owners who are deciding whether or not to rent their home on the beach: will it offer me the benefits I expect, or will it be nothing more than a bottomless hole that I will not get to profit?
The answer to this question, in fact, is simple: any home located on the Costa Blanca offers an unrivaled possibility of obtaining a return, as long as the rent is managed in a timely manner. And now, let’s go with our three tips to successfully rent your home on the Costa Blanca.
Reform or not reform?
The current housing situation is what will allow us to answer this question. In some cases it will simply be necessary to polish some details, while in others it will be necessary to disburse a variable amount depending on the current state of the property. But in general, if you think that it would not convince you as a tenant yourself, refurbish it.
We recommend that you address this dilemma under the advice of a specialized agency, such as YER – Your Essential Realty. Our agents can tell you what things are worth reforming and what things are not, depending on whether a change will allow you to raise the rental price of your home or not.
Set a fair price
There are many factors that can influence what is the best price for a home, but usually the first thing that is done is to calculate how much will be the monthly, quarterly and annual cost of renting that home. Based on that figure, decide what your benefit will be and compare the final price with the rest of the homes for rent in your area.
Believe it or not, the goal is not to put a price so low that you get one hundred percent of occupation throughout the year (since you may be losing tenants who would pay more), but to determine a price that guarantees 75% of occupation approximately that allows you to play with the high and low seasons (varying the price depending on the season and occupation).
Let yourself be advised by professionals
One of the best tips we can offer you to rent your home on the Costa Blanca is to get advice from a real estate agency in the area, such as YER – Your Essential Realty. Our agents know the real estate market in the area like the palm of your hand, and they will know how to manage your rent in the most profitable way for you.
There are many other questions and doubts that can arise when renting your home, but as long as you trust our professionals, your investment will be virtually assured.
Join The Discussion