Guides and Tips
Second home or holiday let: making a successful investment
5 min read
Buying a second home or a holiday property can be as much a pleasure as it is an investment. Here are the keys to making your project a success in the 7th arrondissement, the 2nd arrondissement, the 3rd arrondissement and Allauch.
A dual objective: usability and performance
A second home is first and foremost part of a life plan. However, a property in a good location and well-equipped can also generate income from holiday lettings for part of the year, thereby offsetting some of the running costs.
In sought-after areas such as the 7th, 2nd and 3rd arrondissements and Allauch, tourist demand can be high during the high season: a well-located holiday cottage or furnished holiday let will attract its target audience.
Estimating rental potential
The return on a seasonal property depends on the rate per night, the occupancy rate during the season and the running costs (maintenance, cleaning, management, taxes). A realistic calculation, based on individual assumptions, is better than a promise of a return.
Marius Duclos can help you make a realistic assessment of this potential, based on the reality of the local market rather than on national averages.
Things to check before buying
Beyond simply falling in love with a property: its location and accessibility, its actual condition and any necessary renovation work, its energy efficiency, as well as local regulations (registration with the local council, holiday let requirements, co-ownership rules or town planning regulations).
Anticipating these issues helps to avoid unpleasant surprises and ensures the project’s long-term profitability.
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Common Questions
It depends on the location, the rate, the occupancy rate and the service charges. In a sought-after tourist area, with a suitable property, the potential can be attractive — provided the return is estimated realistically.
