Can I Buy A Villa For Sale In The Costa Blanca And Rent It Out?

Along Spain’s sunny southeastern coast is the Costa Blanca region, which has attracted international tourists for many years. More and more have returned to find property for sale in the Costa Blanca. Are you looking for a vacation home? Are you also hoping that your home will provide income? There are several things that you should consider before making your final decision.

Property Rental in the Costa Blanca

There are several types of rental agreements, but Costa Blanca’s reputation as an ideal place for family holidays means it attracts tourists worldwide. This means that the holiday rental market can be profitable during high seasons when schools are closed. Looking for a villa for sale in the Costa Blanca will enable you to offer more spacious family accommodation. However, holiday apartments and bungalows for sale in the Costa Blanca will have communal facilities, which may allow you to have lower overheads because you will be sharing the annual community costs with your neighbors. It will be essential to check that the community allows residents to rent out their property and to ensure that a tourist license exists or already exists before choosing a holiday home for sale in Costa Blanca.

Holiday lets: location, facilities, and upkeep.

The location of your holiday home is essential because most holidaymakers will want to stay somewhere close to the beaches, shops, restaurants, bars, and other facilities. The sort of property you now need to consider when looking for a home for sale in Costa Blanca is more expensive than it used to be if you buy the best possible location for holidaymakers. When deciding upon the rental price for your customers, you should consider the cost of cleaning, laundry, maintenance, and general upkeep of the property, pool, gardens, etc. This is particularly the case with holidays, when the high seasonal turnover means cleaning and laundry are more frequent.

Winter and long-term rentals.

Another option is to rent your property out during the winter to those who would like to enjoy the mild and sunny winters in Spain for 3 to 6 months. With this, a tourist license is not required, but ensure you are careful about insurance, references, etc. Buying a property in the Costa Blanca to rent out can be worthwhile, but you should get advice to protect both yourself and your tenants.

Longer-term rentals of a year to five years to ensure a regular income should be approached with caution to ensure you understand all the laws that apply to protect tenants from eviction. When looking for a villa for sale in Costa Blanca, we always recommend that you consult a local lawyer, but this is even more advisable when considering it as a rental investment.

Taxes and ongoing expenses.

Some expenses might take you by surprise when you find a property for sale in the Costa Blanca. Property tax will be paid when you buy your home, although this is usually lower in Spain than in some other countries. Remember to look into the price of cleaning, maintenance, and repair of possible damage! Even the best tenant might have an accident, and wear and tear will occur when a property is always in use. However, you won’t be the first person to do this, so do speak with other residents to find out what they do and whose services they use.

Conclusion.

A holiday home for sale on the Costa Blanca, which you buy to rent out for others to enjoy, can be a good decision. However, you should ensure that you can enjoy the rewards of your investment. Stay current with legal and tax requirements because these can change, and then you can sit back and enjoy!!!