1 Bedroom Apartment In Courseulles-sur-mer, Calvados Area

Management and Charges

The current management company handles most of the rental charges related to the co-ownership, which means less hassle for you as an investor. The main expenses you’ll need to account for are management fees and the ALUR contribution. These are specified in the lease, and understanding them upfront allows for better financial planning.

It is also noteworthy that the management company is not under any financial difficulty, which is a positive aspect for maintaining the property’s condition and ensuring smooth operations. Financial stability in management can lead to reliable service and upkeep over time, which is essential for maintaining rental income.

Tax Considerations

This resale property falls under the French ‘LMNP’ (Loueur en Meublé Non Professionnel) tax scheme. This classification is beneficial for investors, as it allows for certain tax advantages when renting out furnished properties. Investors should consult with a financial advisor to fully understand the implications and benefits of this classification for their specific situation.

Financial Details

Keep in mind that notaire fees are applicable and are considered separate from the sale price. These legal fees can vary, so it’s wise to factor those into your budget when considering this investment opportunity. Transparency about associated costs is crucial for potential investors, as these can affect overall profitability.

Contact Information

If you’re interested in this rental property in Courselles-Sur-Mer, or if you’re looking for more details on properties for sale in Normandy, feel free to reach out. Our team is here to assist with any inquiries you may have and provide guidance on making informed investment decisions in the real estate market.