Buy to Rent: Adapt for a Successful Investment with your conciergerie in Bordeaux

Buy to rent: your concierge service in Bordeaux helps you make your investment a success

These days, many budding investors are reluctant to launch their real estate projects. And for good reason, the current dynamics and the increase in housing market prices only amplify the concerns of buyers about the future of their property. Whether it is for your main residence or whether you want to buy to rent, it is quite normal to ask questions. OUR Bordeaux Concierge helps you understand the legislation governing your rental projects and how to adapt to inflation to make a successful rental purchase.

Legislation around the rental of property

Two majority laws encompass the links between landlords and tenants in France: the Mermaz law established on July 6, 1989 and the Alur law published in March 2014. These two laws define, among other things, the right to housing, the legal interactions between the landlord and its tenant, but also the new urban planning standards. The Alur law, for example, aims to simplify access to housing by regulating abusive practices to facilitate the regulation of the real estate market.

But what are, concretely, the obligations of the owners? You must, as a landlord, make decent housing available to your tenant. You must also compile a file with a list of regulated documents and maintain your accommodation at your expense even if it is inhabited by the tenant (for work not covered by rental repairs such as maintenance of roofs, common areas or more facades). You can find the list of works at the expense of the lessor on the government website.

Since August 22, 2021, a new law applies to housing and has a strong impact on the future of rental properties. The climate law obliges owners to protect themselves against the energy expenditure of their accommodation with the aim of eliminating “energy sieves” from the French rental sector. Thus, to respect the carbon neutrality objectives set in 2050, the government aims to prohibit the rental of the most energy-intensive housing. According to this, housing classified as "G+" is now prohibited for renting, since January 1, 2023. Your concierge service in Bordeaux therefore draws your attention to the energy class of your investment before any purchase. Renovation costs can sometimes be very high.

Adjust for inflation before buying to rent

Hundreds of investors succeed in their bets by buying, selling and renting properties with dexterity. However, the current situation is far from frightening only individuals. Rental market professionals must also adapt to new standards and rules to succeed in their projects.

Prioritize the profitability of your property

We can never say it enough, the profitability of your property must be the objective to be achieved, your goal at all costs. Or precisely no, not at any price. The success of a good investment is worked well before the purchase and is decided from the first signatures. To do this, carefully study the environment of your future purchase. The attractiveness of the neighborhood, area or region is essential for a rental property. You will certainly have more chances of renting an apartment in the Saint-Pierre district than on the edge of the ring road.

During a first investment, your Bordeaux concierge advises you to opt for accommodation of a reasonable size. The influx of students being important in a city as dynamic as Bordeaux, you will not go wrong by choosing a studio or a T1. The size of your accommodation will impact your expenses, your risk taking and your charges. It is therefore a simple point that should not be overlooked.

Study the real estate market and the dynamics of rental investments in your area. Even if you are keen to buy in your town of birth, are there enough rental requests to be sure of making your home profitable?

Consider the options available to you

As said before, the profitability of a property is calculated well in advance of your project. The real estate market fluctuates, but it is possible to find good opportunities at any time. To turn an opportunity into a real bargain, you can influence the deal in different ways:

Consider state aid. This sometimes allows a very interesting tax exemption with the Pinel law (for new housing) or significant aid for the renovation of old houses.
Study your different loan offers. Don't stop at your historical bank. Ask for quotes, be patient, stand firm. A good presentation of your project will allow you to reassure certain advisers. The first investment is the hardest, but proving the profitability of your rental property will open doors for you.
Opt for rental management. YourHostHelper is aware of the difficulties affecting rental management. This is why we recommend that you be accompanied by professionals in the field to get your project off the ground and get the most out of it.

Opt for the support of your concierge service in Bordeaux

If laws such as the Climate Law interfere and raise concerns about their negative impact on rentals, this is not the case for tourist accommodation. Indeed, the regulation of energy classes and the ban on “energy colanders” for hire do not, for the time being, concern accommodation for holidaymakers. Airbnb rental is therefore a good alternative while you improve the consumption of your accommodation.

Your Bordeaux concierge helps you collect the best possible rental income while centralizing your expenses. Indeed, by choosing the support of our rental agency YourHostHelper, you are assured of the proper management of your apartment. Your concierge service in Bordeaux takes care of all the needs of your rental investment to allow you to benefit from the advantages of your rental without worrying about the disadvantages.

Although the context may be perceived as less favorable to investments, your Bordeaux concierge invites you to think about your project further upstream to find real opportunities. Indeed, it is still possible to do good business and access profitable goods despite the rise in prices. Inflation is scary, but investing in real estate is always interesting provided you wait to invest in the right housing. Buying to rent requires real reflection and an in-depth comparison of the environment, the market and bank credit offers. Within your Bordeaux concierge, we will be happy to help you invest in your rental property to make it an excellent purchase.