{"id":12878,"date":"2023-10-20T16:26:00","date_gmt":"2023-10-20T15:26:00","guid":{"rendered":"https:\/\/firmalex.com\/?p=12878"},"modified":"2023-11-09T19:17:08","modified_gmt":"2023-11-09T18:17:08","slug":"buying-a-property-to-rent-in-spain","status":"publish","type":"post","link":"https:\/\/firmalex.com\/en\/2023\/10\/20\/buying-a-property-to-rent-in-spain\/","title":{"rendered":"Buying a property to rent in Spain"},"content":{"rendered":"\n

Buying a home to rent in Spain can be a good option if you want to earn a regular monthly income in a type of operation that is usually quite profitable. However, certain drawbacks must also be taken into account when carrying out the transaction.<\/p><\/blockquote>\n\n\n\n

What to consider when buying to rent<\/h4>\n\n\n\n

It is important to take into account some factors that will influence the profitability of the operation, such as the price at which the home is purchased, the related expenses and the total investment made.<\/p>\n\n\n\n

The price of the house<\/h5>\n\n\n\n

It is advisable to know the average price <\/strong>of other similar homes in the same area to acquire the property at an appropriate price according to the market and location.<\/p>\n\n\n\n

Zone and communications<\/h5>\n\n\n\n

The supply and demand of housing <\/strong>in the area where the property is located, the communication and the <\/strong>nearby services greatly influence the price that will be paid for the rental and, therefore, the profitability that can be obtained from it.<\/p>\n\n\n\n

Housing type<\/h5>\n\n\n\n

Some types of homes, such as apartments, flats or three-bedroom chalets with extras such as a terrace or pool, have a higher demand and rental price <\/strong>than other types of properties, so it may be a good idea to opt for this type of home.<\/p>\n\n\n\n

Rental price<\/h5>\n\n\n\n

Like the purchase price of the home, an analysis must also be made of the average price <\/strong>paid for the lease according to the area where it is located, the meters available and the characteristics of the property. In this way, it will be possible to estimate the price that tenants will pay for that apartment or house.<\/p>\n\n\n\n

Expenses in the purchase of a home<\/h5>\n\n\n\n

In addition to the agreed price for the purchase of the home, other expenses directly generated by the purchase must also be taken into account,<\/strong> such as taxes, registration or notary, as well as expenses that will have to be paid periodically,<\/strong> such as the IBI or the community. These expenses influence the profitability of the operation since they must be deducted from the income received from the lease.<\/p>\n\n\n\n

Investment<\/h5>\n\n\n\n

The expenses of all the interventions that are necessary in the property, <\/strong>such as reforms or furniture, must be added to the amount of the purchase to know the total investment in the home. In most cases it is more advisable to choose a property that does not have to carry out major modifications.<\/p>\n\n\n\n

Risks of buying to rent<\/h5>\n\n\n\n

When calculating the profitability of the rental, it must be taken into account that some unforeseen events may occur, <\/strong>such as not renting for some time or that the tenants do not pay. To minimize the risks, it is possible to take out rent non-payment insurance.<\/p>\n\n\n\n

Advantages of buying a home to rent<\/h4>\n\n\n\n

Currently, the option of renting a home is the preferred one for most people, among other things, due to the difficulties in accessing financing for the purchase of a home. Therefore, buying a property to rent in Spain has the following advantages:<\/strong><\/p>\n\n\n\n