How much does a second home cost?
Did you know that on average, French people spend only 40 days in their second home?
Only 40 days! When you know this, and you know the heavy financial burden that a country house represents, the question of buying alone or with others makes sense.
But how do you assess the real costs of a country house?
Follow the guide!
When you buy
Think, list, anticipate!
In addition to the price of the property itself (which has risen sharply in the last two years, after the covid), there are potential renovation or refurbishment costs, depending on the condition of the property you are buying.
A word of advice: before buying the house, make sure that the technical elements of the house are up to standard and maintained so that you don't end up with major unexpected expenses.
- The complete DPE (insulation of the house, asbestos and lead diagnostics, analysis of the electrical system, and recommended work).
- The condition of the roof and its waterproofing.
- The maintenance of technical elements (heating, hot water, air conditioning, ventilation, sanitation).
- The list of works carried out over the last 5 years and the works to be carried out over the next few years.
Do not hesitate to ask all the necessary questions to the owner but also to the real estate agent who has a lot of information on the sector and the market and whose role is to advise you.
The incompressible notary's fees of 7.5% are added to this initial amount (they are never included in the listed price of the house).
Devil is in the details!
Moving, furnishing, equipment... Whether you're by the sea or in the mountains, you'll need to equip your kitchen, buy bedding, buy some tools, possibly invest in a lawnmower, etc. And that's not counting the 1001 little things you'll need to add to the house to feel at home. All in all, this can quickly add up to a certain amount. It's not easy to anticipate everything: to make sure you don't forget anything, go through each room and ask yourself what you're going to put in it.
The icing on the cake?
An incompressible budget that is often underestimated, recurring operating costs are numerous for a second home. Once again, before you buy your property, ask the current owner for details of the annual costs.
Here is a non-exhaustive list of costs to ask about:
- Property or house taxes
- Energy (electricity, water, heating)
- Machinery maintenance (water heater, boiler, swimming pool, lawnmower etc.)
- Garden maintenance
It is estimated that these costs represent between 2 and 4% of the value of the house annually, depending on the energy characteristics of the house and its surface area.
What if THE solution was to invest together to share these costs?
This is what Altacasa proposes: you invest according to the number of days you want to spend in your country house (1/8 share = 44 days), and you share the costs of renovation, equipment and maintenance with the other owners! Altacasa takes care of everything, and all you have to do is enjoy. A dream house at a lower cost: what could be better?