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Once you have bought your fabulous holiday home, you will
appreciate that there are a number of running costs that have to
be met.
If
you have bought your new home for your exclusive use and do not
intend to rent it out to others, then you are not likely to be as
concerned about the running costs as others.
If
however you have bought your home as an investment with the
intention that it pays for itself, then there are a number of
costs that you will need to cover from the rental income
generated.
We
can give you further information and a specimen costs structure
which will demonstrate how a house can be used as the basis for a
business to pay the expenses and generate income. Don't forget,
either, that your rental income will be paying the purchase cost
of your new home if you market it in a successful and considered
fashion.
The following monthly running costs can be met from your rental
income:
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Mortgage Repayments |
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Property Taxes |
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Utility Bills (Water,
Electricity) |
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Swimming Pool Maintenance |
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Cable TV Charges |
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Home Owners' Association fees |
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Insurance |
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Telephone Rental |
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Management Fees |
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Cleaning Between Guests |
Please get in touch if you would like further details with
calculations based upon current levels of purchase price, interest
rates and monthly expenditure.
Remember too that our sister company, Florigroup (click
here for website) can assist you in finding guests to rent your
villa. Florigroup pays you a deposit on booking with the balance
of the rental paid 4 weeks before the date your guests arrive at
the property. Our rates are consistently higher than those paid
by management companies and tour operators who will pay you an
uncertain level of rent in arrears.
You will also need to consider advertising your villa to attract
clients to your house. There are many forms of advertising
available to you in newspapers and periodicals, on the internet,
(we can recommend a good web builder who will produce an excellent
small web site for the exclusive marketing of your house), in
brochures, or a vast array of other outlets. We would be pleased
to assist you with the marketing of your property.
You will find that many guests will want to return year after year
to your property once they stay in it. People are creatures of
habit and if they find a place they like they will go back to what
they know. Repeat bookings will account for a good proportion of
your bookings after the first couple of years. |