Buying a house for rentals is worthwhile… especially at Lago Maggiore

This is the right time to buy a house on Lago Maggiore: the real estate market offers many opportunities, and the area continues to be a popular destination for international tourism

A virtual tour - and not only - among our houses for sale Lago Maggiore provokes an irrepressible desire to buy one. The beauty of the locations, the rich real estate offer, the prestige of some villas are in fact irresistible urges. But if we are not looking for our first home, do we have to give up? Absolutely not. Because in an area like Lago Maggiore, buying a house for rentals is worthwhile. Let's see why.

THE RIGHT PLACE AND TIME

The real estate market has started 2020 with a smile, continuing the positive trend. The value of real estate is growing, and is expected to grow, but today it is still possible to buy at excellent prices. Investing your own capital in the real estate sector is therefore an excellent opportunity. If further capital is needed, mortgage rates are still very convenient and encourage purchase.

So, we have a positive framework also for holiday home purchase, despite the registration tax being equal to 9% of the cadastral value of the property.

If the context is favourable, the beauty of Lago Maggiore guarantees unparalleled investment certainty. Here are the main reasons:  this territory boasts history, charm, culture, tourist attractions and is easily accessible from the main cities of the North West - Milan and Turin above all - but also by our Swiss neighbours, literally in love with the romantic suggestions of the lake. However, there is much more: Lago Maggiore charm is absolutely international.

RENTAL: LONG OR SHORT TERM?

Another reason for buying a house for rentals is the security of a guaranteed monthly income that you can rely on. 

If you choose a lease contract with an agreed fee and with “cedolare secca” (flat rate tax), then, you can enjoy two valuable tax relieves: reduction of taxable Irpef income of 30% and a further tax reduction of 495 euros for those who do not exceed 15,493 € of annual income, or € 247 for those who do not reach the annual income of € 30,987.

Since Lago Maggiore is such a loved tourist destination, this can encourage you to start with short term rentals. They are more flexible and demanding – rental management becomes a real organizing activity - but they are also more profitable. Renting tourists for short periods is a valid option for small properties as well as for luxury villas Lago Maggiore. By using different online rental services, you can in fact count on a strong accommodation rate for most of the year.

To sum up, buying a house for rentals is a safe investment, especially on Lago Maggiore.

​And for those who are looking for a first home to live in? Don't worry, Engel & Völkers is ready to help you find your villa Lago Maggiore.