Thinking of buying a property in a Ski resort
Discussion
Hi,
Cheers for replying
It's going to be a home in the long term but in the short term we'll be renting it out but we'd go there for a couple of weeks in Summer and Winter (possibly the odd long weekend).
The good thing about Chamonix is we've gone over in the summer and winter, both times it was great. Other places we've only been during winter.
With that in mind we're not interested in a lease back property.
Looked at a few places online but they seem to be lease back for the most part. Whats the deal with Lease back? It seems like a lot of cash for a place you'll be able to use rarely.
Cheers,
Cheers for replying
It's going to be a home in the long term but in the short term we'll be renting it out but we'd go there for a couple of weeks in Summer and Winter (possibly the odd long weekend).The good thing about Chamonix is we've gone over in the summer and winter, both times it was great. Other places we've only been during winter.
With that in mind we're not interested in a lease back property.
Looked at a few places online but they seem to be lease back for the most part. Whats the deal with Lease back? It seems like a lot of cash for a place you'll be able to use rarely.
Cheers,
Good Morning!
Cheers for the replies! I had a look at Gruffy's thread (I reached page 6, will look at the rest today), not what we're looking for, just haven't got the time to do a project property.
I guess in a perfect world we would be able to get a place within the budget we have but I think it will be a stretch to get a 2 bedroom apartment (mandatory) in a resort that would be busy enough in both Summer and Winter to generate some income.
Here's something we liked the look of but it's a bit out of reach budget wise and we've never heard of that location (but I imagine there's hundreds of resorts I've never heard of)
https://propertysaleaustria.co.uk/wp-content/uploa...
Suite 102 floor plan
Also if I'm honest I'd rather get a place in France a) If we wanted we, could hop in the car a go out there (but you could say that about Austria too) we did Chamonix in 8.5 hours from Calais. And b) not too painful a transfer from Geneva Airport 1.5 hours
@Chandrew
What resort? Just curious as when I went to Chamonix in early September 2015 it looked mostly open.
Cheers for the replies! I had a look at Gruffy's thread (I reached page 6, will look at the rest today), not what we're looking for, just haven't got the time to do a project property.
I guess in a perfect world we would be able to get a place within the budget we have but I think it will be a stretch to get a 2 bedroom apartment (mandatory) in a resort that would be busy enough in both Summer and Winter to generate some income.
Here's something we liked the look of but it's a bit out of reach budget wise and we've never heard of that location (but I imagine there's hundreds of resorts I've never heard of)
https://propertysaleaustria.co.uk/wp-content/uploa...
Suite 102 floor plan
Also if I'm honest I'd rather get a place in France a) If we wanted we, could hop in the car a go out there (but you could say that about Austria too) we did Chamonix in 8.5 hours from Calais. And b) not too painful a transfer from Geneva Airport 1.5 hours
@Chandrew
What resort? Just curious as when I went to Chamonix in early September 2015 it looked mostly open.
Cheers for the responses chaps,
So in summary...
Visit a place before buying. This is why I like the idea of Chamonix, been a couple of times and it seemed quite lively both Winter and Summer so good rental potential when we're not there, which will be 95% of the time
4 months a year dead zone. Yeah I figured there would be periods in the year that a resort is just too quiet to generate income. Good to know
taxe d’habitation & taxe foncière. Been looking into this and it varies from region to region for taxe fonciere but I read Chamonix was around 7%
Was initially thinking of getting something similar to the Kristall Spaces but for a resort I know (or have heard of) it's around 150k over what we would want to spend.
Still it's very early days as we won't be selling till October
So in summary...
Visit a place before buying. This is why I like the idea of Chamonix, been a couple of times and it seemed quite lively both Winter and Summer so good rental potential when we're not there, which will be 95% of the time
4 months a year dead zone. Yeah I figured there would be periods in the year that a resort is just too quiet to generate income. Good to know
taxe d’habitation & taxe foncière. Been looking into this and it varies from region to region for taxe fonciere but I read Chamonix was around 7%
Was initially thinking of getting something similar to the Kristall Spaces but for a resort I know (or have heard of) it's around 150k over what we would want to spend.
Still it's very early days as we won't be selling till October
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