Choosing The Right Villa In Mallorca For Investment

In todays economic world of uncertainty, what better way to generate revenue

, than investing in a villa for sale in Majorca?

With the advent of the buyers market, there has never been a better time to purchase villas or houses in Mallorca. Property prices in Majorca are currently excellent for those seeking to maximize on capital growth. Purchasing a detached villa in Mallorca, can be a highly pleasurable form of investment, giving you the opportunity to really appreciate your acquisition. There is no doubt that Mallorca has proven itself to be unceasing in popularity, both as a holiday destination and for residential, all year round living. Mallorca is an ideal location for investment in holiday villas for sale. Anyone seeking an instant return on their funds has the prospect to generate immediate rental income from their villa, as well as the assurance of a guaranteed substantial capital appreciation over the coming years.

Viewing villas for sale in Majorca - How to maximize your capital appreciation

Buying an investment property in Mallorca is completely different from purchasing a villa for personal and private use. During the selection process, it is vital that you view villas for sale with a business head rather than with your heart. Of course, it is possible to find a home in Mallorca that suits both your sentimentality and your bank account, but you must always make the business approach your priority.

If you are selecting a villa in Mallorca for capital growth, then you must think about attributes that will be an asset when you come to resell the property. Location is always key and you should look at villas in popular parts of the island - such as the coastal areas and holiday resorts. The south west of Majorca offers the benefit of all year round living, making it the most sought after by residents and tourists alike. This part of Majorca is within easy reach of the city of Palma de Mallorca and also boasts close proximity to the airport, keeping travelling time to a minimum.

Views are definitely a huge advantage. Villas for sale in Majorca with sea views are always preferred, although a good mountain or golf view can be equally desirable. Any reasonably priced villa that is for sale and in need of reform can be a great investment opportunity. There is always a high demand in Mallorca for stylish and well finished properties. As long as you style your villa reform to suit your intended market and remember to stay within budget, then you should have no problem capitalizing on your venture. If the villa is in need of work, has a prestigious postal address in Majorca as well as attractive views, then it should be snapped up immediately, as these are all the key ingredients of a winning investment.

Buying a villa to make the most of the Mallorca rental market

If you are buying a villa, specifically to rent out, then it is crucial to select a house that suits your target market. When looking at villas for sale in Majorca and choosing a property, all of the above factors remain important but there are also further considerations to take into account. Your villa guests or tenants will want to be within easy reach of facilities so you should consider travel times from the beach, restaurants and shops. Holiday makers do not always like to drive everywhere so any villa for sale that offers walking distance to the beach and other facilities has a definite positive edge. When renting villas in Majorca, there are some simple undeniable facts that you can bear in mind.

The first fact is that it is a good idea to select a villa for sale in Mallorca with an optimum number of bedrooms and bathrooms for your budget. As a rule of thumb, the more bedrooms that villas offer, then the higher the rental fees. 3 Bedroom houses in Majorca will suit one family renting at one time, whereas larger villas of 5 or 6 bedrooms suit 2 families or more. It is also significant to note that whilst 5 or 6 bedroom villas generate a higher summer income, 3 bedroom properties tend to rent at a greater capacity through the Mallorca winter months. Before you begin looking at villas for sale, you should consider this fact carefully, as it is important to know from the outset, exactly what type of rental market you are looking to attract.

The second undisputable fact is that the more luxurious the villa, then greater the rental fees. Any upgrading carried out on the property results in elevation of income. You should try to equip your villa in Mallorca with all the comforts of home. Luxury items like flat screen televisions, comfortable beds and stylish finish make a huge difference to your villa and your income. Attractive gardens and own swimming pools are also preferred qualities. All rental villas should be well maintained and serviced, so you should look for a reliable property management company in Majorca that can offer a quality service to care for your investment in your absence. Remember you need to put money into your villa in order to get the best revenue in return, so it is not a good idea to cut corners where your tenants and services are concerned.

You should always use a gestoria (accountant) in Mallorca to handle your finances and tax returns. If you are using your new villa as a business and earning money from it in any way then we always recommend paying your taxes legitimately and having your accounts processed annually in Majorca by such a professional. It is vital to keep your head above board where the authorities are concerned - you do not want any nasty surprises further down the line. The councils and tax offices in Mallorca can be heavy with their fines and penalties if you do not process your villa earnings in the proper manner. A good gestoria will know the tax system inside out and be able to process your tax returns in the most efficient way possible.

by: Philippa Jolley, Unique Mallorca

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