The Benefits of Renting Your Ski Property in Val Thorens
After purchasing a second home in the Val Thorens, it is important that you maximise the enjoyment you get out of your property. The best way to ensure long term enjoyment and minimal stress is to rent out your property when you aren’t using it.
We speak to many proud new property owners in Val Thorens shortly after their property purchase. We regularly see the same two reasons people don’t want to rent:
- They don’t like the idea of other people in the property as they want to keep it nice for their loved ones
- They are worried about damage/wear and tare to the property
When you rent your property you generate income that you can reinvest into your property, that will make it much nicer and enhance your enjoyment. Many owners keep their possessions in a locked cupboard, along with personal linen and towels. Their cleaner will get the property ready for them and you won’t have any idea anyone else has used your property.
Following on from this if you reinvest the rental returns you won’t notice the wear and tare. A good rental agent will take a security deposit to protect against any misuse of your home. If properties weren’t looked after there simply wouldn’t be a rental market.
On the reverse side there are many benefits, not just financial, however, let's start with the financial benefits. A ski property is a great asset that can generate you revenue. Not utilizing this is a mistake, your financial position could change.
We regularly meet property owners that have never rented their property. They use it for a few weeks each winter. After a few years the property becomes tired and the owners do not reinvest into the property. When they come to sell they struggle as the property isn’t in line with the rest of the market and they regret not spending more on their property. The most luxurious properties in the alps are all rented, if the ultra wealthy rent their ski properties there is no real reason you shouldn’t.
When you rent your property we advise you hire a cleaner and a property manager. They can get the property ready for your arrival. Which makes your holiday more relaxing as you don’t have to sort it out when you get to the resort. Often cleaners will not take on properties where they won’t get regular work so renting is one way to help secure a reliable cleaner which maximises your enjoyment.
You can reinvest the returns on better ski equipment, flights or lift passes again enhancing you and your family's experiences.
Lots of our property owners love getting positive feedback from clients. Knowing that your property helped make beautiful life long memories for another family is really nice and will put a smile on your face.
There are also tax incentives for new property owners, if you rent your property to holiday makers. There are even schemes where you can claim back the TVA (VAT of 20%) on the property if you rent it out!
Overall renting eases the financial burden, makes your property more enjoyable and helps people create lovely memories with their families.
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