✅ How to monetize an empty apartment and what to do with the house?
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Have you considered how much money you are losing by having an empty home?? Below we inform you of how you can take advantage of it:
1. Alquiler de larga temporada
2. short term rental
3. Rent to students
4. tourist rental
⭐ 1. Long-term rental:
It is an ideal option for owners who have a second residence. The apartment is fully rented as a habitual residence. This can be furnished or unfurnished, and the contract must be a minimum of 1 year, expandable up to 5. It is the most profitable and safe option in the long term.
⭐ 2. The short term rental:
Rental of temporary housing is an alternative to the owner who leaves property for a specific period of time. In this way, You can get profitability from the house the months that you are not inhabiting it. It is a perfect idea to avoid occupancy surprises when you return home. This option can be done through agencies or mobile applications for this type of rental.
⭐ 3. rent for students:
It is a quite profitable and safe way. The house can be rented jointly or by rooms. The property is used only during the school year. To do this, It is required that the house be furnished and a good internet connection. In this case, it is the parents or legal guardians who guarantee the payment of the rent. You can also contact educational centers and universities that will endorse these students, especially if they come from abroad.
⭐ 4. The tourist rental:
This economic activity requires registering as self-employed since it is considered an economic exploitation, or a business. To do this, You must have a specific license and meet certain minimum requirements. It differs from short-term rental, why in this sense, the use is not for months, but for days or weeks. To know more details about the tourist rental, go to a professional agency and request information.
According to a posted by rental insurance report, and supported by the diffusion of BBVA, have an empty House can assume an average expenditure of 2.000 euros per year.
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An unoccupied home tends to have more incidents and problems resulting from deterioration than an inhabited home. chokes, Moisture and electrical failures are the most common damages that will not only affect your pocket in the repair, but also to the community of neighbors, generating unwanted discomfort.
✅ Expenses of an unoccupied apartment.
There is certain expenses (fixed and variable) they are linked with the property
You then specify the fees having empty housing:
* The community share.
* Property tax and real estate (IBI)
* With minimum coverage home insurance, (an average of 250 euros per year)
* Supplies(agua, luz, electricity...)
* In some cases…mortgage.
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✅ In addition to the obvious danger of “squatters”, damage, theft, damage or vandalism, among others.
Do you want to avoid these dangers and make sure that your home is in good hands??
Inform you without obligation. Click HERE.
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