OFFSHORE INVESTMENT
With over 20 years working in real estate in the holiday destination of Marbella on the Costa del Sol in Southern Spain , I have been fortunate to have helped hundreds of people buy their dream investment property . In this article I want to guide you through a few things to think about when choosing a property for rental and offer you some tips for maximising rental income .
HOW TO CHOOSE AN INVESTMENT PROPERTY
If your main purpose in buying this property is to generate rental income you need to be thinking with your head , not your heart .
Normally the two gauges used to assess the suitability of an investment property will be a ) the potential for capital growth and b ) the potential for rental income . If the figures stack up and there is likely to be a quick and easy exit strategy in the event of needing to sell , then personal taste needn ’ t play a part in the decision-making process .
Make sure your agent knows you ’ re planning to generate rental income from your property and that you discuss the most popular property types and the most popular locations for rental , to ensure you make the right decision .
Location is key ! The closer to the beach and amenities it is the better , as it will tick more boxes for more people . Easy access to the airport , and to public transport , will also give you an advantage over more isolated properties . Once you ’ ve chosen the right location you need the right space and facilities on the development to give you more selling points to set you apart .
Problems can arise if buyers are looking to purchase a holiday home which they intend to use
192 SEPTEMBER 2022 SA Real Estate Investor Magazine