Sell ​​an apartment or rent it? We clear your doubts.

A common question when you have an empty apartment is whether it is better to rent or sell. Some people are clear about it because they have plans for the near future in that empty apartment. For example, moving to it or having a child occupy it. In other cases, it is important to assess the two options to decide the appropriate one. Whatever you decide, at Tajarat properties we can help you with the sale or rental of your home.

Evaluate the expenses of the house to decide if you are interested in renting or selling an apartment.

Keep in mind that an empty home involves expenses that can be very important.

  • Fixed expenses. Mortgage expenses, if any, the IBI and other municipal taxes such as the garbage or water rate are some of them. In addition, the minimum cost of supplies such as electricity. And the share of the community of owners to which it belongs. Always keeping in mind that these expenses can go up but rarely go down.
  • Other expenses. Possible works or spills in the community of owners, for example. And works and reforms for the proper maintenance of the house and that it does not lose value, among others.

You must bear in mind that selling an apartment frees you from all those expenses. And it supposes an increase of your patrimony that you can use as best you decide. However, if you prefer to rent your apartment, you must take them into account to know how much clean money you would have left per year, once all the housing expenses have been satisfied.

Know and value the main advantages of putting an apartment on sale in Burgos compared to renting.

What are the advantages of selling a flat in Burgos? Among other:

  • Once you sell the apartment, you ignore everything related to it, its maintenance and care. This is especially relevant in vacant multi-owner homes, as the rent will rarely cost money to compensate for paying attention to the apartment.
  • The deposit of a significant amount in your checking account. To do with it what you see fit. For example, finish paying the mortgage on your current home or buy another home that interests you more because of its characteristics or location. Or save it for the future, invest it in your business, etc.
  • Saving the annual expenses already mentioned.

In return it also has some disadvantage. Among them the possible renovation works for sale. Or the costs that it generates until the sale takes place.

Most relevant advantages of renting an apartment in Burgos compared to your purchase.

Once the advantages of selling a flat in Burgos have been assessed, you must know and assess the advantages of renting it.

  • It does not entail the expenses of a home sale. This means that signing a rental contract has a very low cost. And if you do not have cash it is a better option.
  • When you find the perfect tenant, it does not because you worry either. Renting a flat for real estate in Burgos with us increases the chances of finding the right profile for your home.
  • It supposes a recurring income month by month that can help you with your ordinary expenses in an easy to manage way.
  • You keep ownership of the apartment. Not so much for its possible revaluation or not, but also for a possible future use.
  • As drawbacks, keep in mind that you will need home insurance. And that you are responsible for fixing possible damage to the home.

By evaluating this information, you can decide if it is better for you to sell an apartment in Burgos or rent a flat in Burgos. Whatever you decide, we help you do it in a profitable and safe way.

Rent to own everything you need to know.

Renting with the option to buy is a modality that is increasingly chosen by sellers and buyers of real estate. Although it applies mainly to homes, there are also commercial premises that offer this possibility.

In the wide catalog we have a selection of properties that present this possibility. For this reason, we tell you on our blog what rent-to-own is and its advantages and disadvantages.

What is rent with option to buy?

Renting to own a property is an option that has grown in popularity in recent years. Consists in a mixed or double contract in which one of them is a contract of sale and the other a rental contract. The first to run is the rental for a specified time.

When it concludes, the lessee has the right to buy it, although he does not have the obligation to do so. If you decide to make the purchase, the amount you have already paid in the form of rent to the landlord / seller of the property must be deducted from the price agreed in the contract.

Main advantages of renting with option to buy.

For the potential buyer, one of the main advantages of renting with the option to buy is to see what it is like to have that property. At the user level, this allows you to know the reality of the property, if it presents problems of use or if it is or not as you thought. And, in the case of a first home, even knowing what the neighborhood is like and if you feel comfortable in it.

At a monetary and fiscal level, the purchase is insured for a certain price if you wish. It does not matter if market fluctuations raise the price in the area. In addition, you can purchase it at any time during the rental, it is not necessary to reach the end of the term to do so.

For the owner, the rent with option to buy allows to obtain money for his property from now on without giving up its subsequent sale. In addition, an initial premium is usually received, which is good insurance against a possible default.

It should also be noted that in the event that the tenant decides not to make the purchase, the initial premium is left to the seller. He continues to be entitled to tax benefits for the rental of his home.

Disadvantages of a property rented with the option to buy.

Like everything in life, rent-to-own has not only advantages, but also some disadvantages. It is important to know them to assess whether it is the right option for you or not.

In the case of the owner of the property, if the tenant ends up giving up the purchase, they will have lost important time without having gotten rid of it, even if they have received a rent for it.

Nor will you be able to sell the home for a price higher than what is stipulated in the rental contract with the option to sell. Nor accept a superior offer from a third party during the time that the property remains rented.

The main drawback for the tenant is that, if he decides not to buy, he will lose the amount of the premium paid when signing the rental contract with the option to buy. In addition, at the fiscal level the burden is important.

You must pay the tax by ITP within a maximum period of 30 days from the signing of the contract. Although if it does not do so subsidiarily, it falls on the lessor. Likewise, you must pay the Patrimonial Transfer Tax.

You can value this option taking into account the advantages and disadvantages of renting with the option to buy for both the owner and the buyer. Ask us whether you are a seller or a buyer if you are interested in this contractual modality.

Rent to own everything you need to know

Renting with the option to buy is a modality that is increasingly chosen by sellers and buyers of real estate. Although it applies mainly to homes, there are also commercial premises that offer this possibility.

In http://www.skymarketing.com.pk/lahore-smart-city/ we have a selection of properties that present this possibility. For this reason, we tell you on our blog what rent-to-own is and its advantages and disadvantages.

What is rent with option to buy?

Renting to own a property is an option that has grown in popularity in recent years. It consists of a mixed or double contract in which one of them is a contract of sale and the other a rental contract.

The first to run is the rental for a specified time. When it concludes, the lessee has the right to buy it, although he does not have the obligation to do so. If you decide to make the purchase, the amount you have already paid in the form of rent to the landlord / seller of the property must be deducted from the price agreed in the contract.

Main advantages of renting with option to buy.

For the potential buyer, one of the main advantages of renting with the option to buy is to see what it is like to have that property.

At the user level, this allows you to know the reality of the property, if it presents inconveniences of use or if it is or not as you thought. And, in the case of a first home, even knowing what the neighborhood is like and if you feel comfortable in it.

At a monetary and fiscal level, the purchase is insured for a certain price if you wish. It does not matter if market fluctuations raise the price in the area. In addition, you can purchase it at any time during the rental, it is not necessary to reach the end of the term to do so.

For the owner, the rent with option to buy allows him to obtain money for his property from now on without giving up its subsequent sale. In addition, an initial premium is usually received, which is good insurance against a possible default.

It should also be noted that in the event that the tenant decides not to make the purchase, the initial premium is left to the seller. He continues to be entitled to tax benefits for the rental of his home.

Disadvantages of a property rented with the option to buy

Like everything in life, rent-to-own has not only advantages, but also some disadvantages. It is important to know them to assess whether it is the right option for you or not.

In the case of the owner of the property, if the tenant ends up giving up the purchase, they will have lost important time without having gotten rid of it, even if they have received a rent for it.

Nor will you be able to sell the home for a price higher than what is stipulated in the rental contract with the option to sell. Nor accept a superior offer from a third party during the time that the property remains rented.

The main drawback for the tenant is that, if he decides not to buy, he will lose the amount of the premium paid when signing the rental contract with the option to buy. In addition, at the fiscal level the burden is important.

You must pay the tax by ITP within a maximum period of 30 days from the signing of the contract. Although if it does not do so subsidiarily, it falls on the lessor. Likewise, you must pay the Patrimonial Transfer Tax.

You can assess this option taking into account the advantages and disadvantages of renting with the option to buy for both the owner and the buyer. Ask us whether you are a seller or a buyer if you are interested in this contractual modality.