Buying to rent
We are often asked if it is a viable business proposition to buy a house in Spain and use the income from rentals to fund that house.
In general we would say that the income from rentals should pay for the upkeep of your house and perhaps give you some spending money at the end of the year. Buying with hope of funding a mortgage from rentals as well as keeping it running is not a good idea. However, if one is prepared to work hard at promoting one´s house, advertising on one or more of the many villa rental or holiday home websites, or even better, open a website for the house, then it is possible to make a modest living from the property.
In the summer, a house with a pool can command a forty per cent greater rental price than a house without.
Costs to be considered are as follows;
Electricity
Gas
Telephone
Local rates
Water rates
Insurance
Maintenance from a maintenance company
Pool cleaning
Cleaning before and after visitors
Gardener if needed