How to choose your second home?
The second home.
They talk about it with stars in their eyes because for many of them, it has become the grail. A majority of French people, locked up during the long months of confinement, have dreamt of it and the figures do not lie: the exponential growth of country house sales proves that many have taken the plunge.
And each of them has asked themselves the following question: how to choose the right second home?
If you are also asking yourself this question, and you don't know where to start, our best advice is to read this article!
One thing is certain: it is essential to define your project correctly beforehand so that you don't regret anything in the future. Because you don't buy the same house to telework with friends or to spend the summer holidays with your family.
Here are a few tips on how to choose the house of your dreams.
Good to know: it's always a good idea to visit a few houses before you start, as this will help you to refine your criteria.
LOCATION AND TYPE OF HOUSE
In the countryside or in a village? Accessible by what means of transport from your primary residence? What size and how many bedrooms? Large park or small garden? With or without a pool? Turnkey house or house to renovate? High speed internet connection or ADSL sufficient?
This is the (non-exhaustive) list of questions that you must ask yourself in order not to make a mistake. It's so easy to get carried away by a crush!
Moreover, it's not just the house that counts, the surroundings are key too. To avoid any unpleasant surprises, don't hesitate to contact the town hall to find out if there are any major projects planned. No one has ever been happy to see a motorway at the end of their house!
It may seem obvious, but the final price of a house is an aggregation of many elements: of course the number of m2 and the size of the garden or park, but also the overall condition of the property (should you invest a lot of money to redo everything?), the proximity of shops, the immediate environment, the ease of access by transport, the monthly maintenance costs, etc...
Many websites can help you make comparisons, many articles can inform you about prices in the region, but the best thing is to make your own benchmark by visiting several houses. Don't hesitate to call your notary: he or she will be able to give you the prices of the latest properties sold in the area and this is an excellent starting point!
PERSONAL INVESTMENT AND MAINTENANCE COSTS
The classic mistake of underestimating the personal investment and costs of a second home can be expensive! Without needing a business plan, investing in a second home requires a precise study of the costs in order to know if you will be able to finance it without putting the knife to your throat: development or embellishment work, property tax, electricity bills, garden maintenance, repairs of all kinds, major maintenance work (a roof for example), heating the swimming pool, transport costs... all these elements can rapidly make the bill explode. (Link to the article on the cost of a second home)
THE RESALE POTENTIAL
Nobody knows what tomorrow will bring.
Even if buying a property is the project of a lifetime, it is essential to consider that the house may be resold one day. Minimizing the risks of buying a property is a key element in terms of the purchase. Find out as much as you can from the seller: don't hesitate to ask for daily and maintenance bills, reports from the latest architects (if there have been any), the work planned, the latest roof renovations, the projects underway around the house, etc. The more you know, the less unpleasant the surprises. Buying a property in the knowledge that you can sell it well is always wiser.
And if, despite all this advice, you are lazy about finding your house, you don't know how to go about it, you don't have the means to buy the house of your dreams, or you don't feel like spending your Sundays on your lawn mower, Altacasa is THE smart solution to become the owner of a second home: you buy according to the amount of time you want to spend there, and you don't have to worry about anything. All you have to do is take it easy!