Buying a property for business

Buying a property for business

Letting out your Italian property

If you have decided to buy a property in Italy for business purposes the following information will be helpful. One of the possible options is to let your Italian property. This is a way of recovering some of the cost of buying and restoring your house, but to be successful you need to ensure that the house is located in a popular area and is geared to the sophisticated needs of renters. You should not assume that you can make a light renovation of an old property and receive good income.

Offer more facilities

The main clientele in the Italian market are middle-class British families, Americans, Germans and Scandinavians, and they have high expectations. The more facilities you offer, therefore, the more you will be able to charge and the greater number of clients you will attract.

Information pack

Buying a property for businessIt is wise to prepare an information pack on the house and the area with concise instructions on how to reach a house and include maps and diagrams. Prepare a list of nearby restaurants, supermarkets, banks, pharmacies, worthwhile sightseeing trips and other local tourist attractions such as water theme parks for children. Also prepare a list of emergency numbers such as local hospitals, dentists and visiting doctors.

Advertising

If you are planning to try and rent your property yourself it will be worthwhile to create a website so that potential clients can take a virtual tour to see if this is where they want to spend their holidays. You can also advertise you property on another website. That will be less expensive and you won’t need to update the account by yourself.

It is recommended to look at the contracts offered by professional letting agencies and use them as a guide of your own. If you want to specify conditions such as no smoking or no pets, make that clear in the contract. You should ask for 50 percent of the cost as an advance deposit and ensure that the remaining 50 percent is paid a maximum two weeks before arrival.

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