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Spain has historically opted for brick as a refuge, but it also serves to take advantage of it and complete a salary or pension if working life has been left behind. Buying low and selling high is the maxim that everyone believes they master. And it is in the details where the difference is between making money or ending up ruined. Here are some…
The basics. Living on income is the dream of many. Build a base that later generates income to stop worrying about salary or pension. Real estate can be the route. From buying to resell to building a rental portfolio, the first lesson is that you have to know where to do it or what is the best time (Podcast).
Reform and invoice. One of the preferred ways to invest is to buy, reform and resell. But between taxes, hassles of reforms and scares, if you do not do it well it can be a ruin. For some a face lift is enough. These are the cheap reforms that increase the price of a home the most. You can even set aside the works and bet on home staging, minor repairs and decoration to increase the value by spending little.
Squats and mess. The market is not heaven. Investing brings problems. For example, inquiokupation, the phenomenon of tenants who stop paying their rent, is on the rise. Or taxation, with taxes even if there is no income. Inheritances are also a source of fights, even between brothers. Dividing the houses is the worst idea. “Never leave property to distribute to your children,” she warns herself.
With less too. And if there is no money to buy a house? There are always alternatives. Flats with tenants can be cheaper. Or you can review the flats that the Treasury auctions, although they are cheating… There are more striking tips, such as selling our flat with a mortgage to get liquidity and invest (Podcast).
More than floors. There is life beyond the home. The most common is to opt for storage rooms or garages, where again the profitability will depend on the area. In these cases, taxation does not forgive either, and the VAT will have to be paid except in one case. Niches like residential, logistics, and solar also hide diamonds.
There are measures that have results that are as unexpected as they are unusual. It turns out that something similar to a baby check of several thousand euros, more than the birth rate, raises the divorce rate… The investigation concludes that children do not come hand in hand with banknotes.
If the marriage breaks up, one person keeps the sofa, the other the table, there are fights on TV… Maybe it’s time to visit Ikea to replace the lost crockery. That you know what is most common: a dish is what the chain sells the most. It is revealed by its top manager in Spain here.
