'Buy to Rent': Long-term profitability
Madrid is a city that offers many opportunities to investors looking to acquire real estate assets to later put them up for rent. This option is attractive to those seeking to diversify their investment portfolio and who are looking for a conservative investment alternative. Investors have control over their assets and have the peace of mind that they'll obtain a predictable return.
'Buy to Rent' in 3 steps
Success in the "Buy to Rent" strategy depends to a large extent on the appropriate choice of real estate asset. It is important to carefully research and select the piece of real estate, considering factors such as location, size, property type, and the local market. It is essential to choose a rental property that is in strong demand and is in a convenient and attractive location.
Properly renovating and maintaining the real estate asset is key in a Buy to Rent strategy. Renovating and updating your home the right way increases demand and reduces the time it takes to rent. It is also important because it contributes to lengthening the lease period and reducing vacancy periods.
The risks associated with any profitable investment, be they non-payments, utility bills debts, vacancy periods, deterioration of the furniture, etc. can be foreseen to a certain extent. The areas selected for making a profitable investment have a track record that helps to anticipate and limit risks.