How can you maximise your investment in a second home in the mountains ?

April 24, 2024

Property is one of the least risky areas in which to make a major investment. That said, investing in this area is no guarantee of success. You could lose money or earn only a meagre income. If you dream of maximising your investment, you need to take certain steps when you buy your property. When buying a second home in the mountains, here are the essential steps to follow to make the most of your property purchase.

Choosing the ideal location

Location is one of the most important factors in maximising your property investment. For a second home in the mountains, it's advisable to opt for an area that offers easy access to outdoor activities while preserving a certain level of tranquillity. This will enable seasonal tenants to reach the ski slopes in the resorts easily. As a result, your property will be in greater demand and will appreciate in value over the long term.

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When you arrive to recharge your batteries, this type of location allows you to enjoy the peace and quiet, away from the hustle and bustle of the resorts. Agence Saulire specializes in real estate in Meribel and can help you find this type of rental. Contact them and tell them exactly what you want. You'll be satisfied in no time. As well as finding the right property to buy, this agency can also help you with the rental management of your property. So even if you're not present, you can be sure that your property is in safe hands.

Selecting the type of property

To maximise your return, you also need to make sure you choose the right type of property in which to place your garden. The options range from individual cottages and flats to houses and condominiums in residential complexes. Cottages often offer more privacy and potential for personalisation. Flats can offer additional services and facilities such as swimming pools, spas and gyms.

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Assess your needs in terms of space, amenities and property management before making a decision. Remember, you shouldn't base your choice on personal taste if you plan to rent your property on a seasonal basis. You need to find out what type of property tourists rent most as soon as they arrive.

Improvements and renovations

Once you've bought a property, you should also invest in improvements and renovations. This can significantly increase the value of your second home in the mountains and encourage more visitors to rent your property.

So identify the areas most in need of improvement, and consider upgrades that match current market trends. The areas most often touched up are often the kitchen, bathroom or living areas. Features such as fireplaces, balconies or panoramic views can also add value to your property. If the property doesn't have any of these, don't hesitate to carry out work to add them if possible.

When renovating, make sure you comply with local renovation regulations. This means, for example, obtaining permits before starting any work. Entrust the work to qualified professionals for the best results.