Five Tips on How to Buy a Chalet in Europe
Are you planning to buy a ski resort in Europe? Do you wish to spend your holidays skiing in the beautiful Alps? Are you ready for some serious investments near the snowy Alps? The need for chalets and luxury ski resorts has increased drastically in the past few years. There are so many contemporary buildings in and around the sloppy regions. However, the demand for luxury properties is quite prominent. If you are looking for striking Alpine resorts, here are few things you should keep in mind. These tips will help you make a wise decision and bag a great deal.
So, are you ready to get started?
#1 The Right Location
Investors who wish to buy a ski property in Europe are definitely spoilt with too-many options. Whether you want plenty of the Alps or a high-altitude run, there are many properties to choose from. However, you should remember that the location plays a very important role on the cost and worth of your property. The right location will cut down your mortgage rates and increase the property’s rental potential. If it is going to be an Alpine chalet, you should look for destinations that enjoy high demand. In Europe, the demand of snowboards and skiers is ever-changing. To survive, your chalet should take up these changes.
#2 Dual Seasonality
When you buy a chalet Courchevel, you should go for dual seasonality and altitude. Resorts should extend its facilities throughout the year. This means, it should appeal mountain bikers and hikers during summer too. In simpler words, your property must encourage dual seasonality. It should attract tourists every season and every season!
#3 Long Term Returns
Before you invest on any chalet Courchevel, you should think ahead of time. According to experienced real estate agents, you should not stress only on present conditions. Think about how the property market would change in the next ten years. Try to predict the resale value of your ski property. Buying ski apartments and chalets tend to be a generational affair. Nearly 40% of the buyers are between 40 and 50 years of age. Only 30% of the buyers are between 50 and 60 years of age. Families consider chalets as an investment and a striking lifestyle opportunity. This is why you should take into consideration its worth after a decade or two.
#4 Low Rates of Interest
Europe is a great place to borrow money. The continent offers historically low rates of interest. Variable mortgage interests span between 1 and 2 percent. Doesn’t this sound too good to be true? Unfortunately, a lot of investors fail to take advantage of these interest rates. If you are planning to buy a chalet Courchevel, remember that present mortgage rates are very low and advantageous to buyers.
#5 Hiring a Currency Broker
Last but certainly not least, you should come in touch with an experienced currency broker. The professionals can help you save tens of thousands of pounds on your property. Some investors decide to raise money at their home town. Well, borrowing funds in Europe comes with its very own benefits. (It is up to you to use these benefits)!