Skip to main content

Is it better to build a house for AirBnb, or to buy an already built one and rent it?

Hello everybody! I live in Greece and just recently I inherited around 160k euros. Also, I am very lucky to have some land which I can build on an small island, at the Ionian Sea which has become very popular among tourists during the last decade. The island is also very popular in the sailing community.

A lot of locals have already built plenty of houses, villas and apartments, which they rent out to tourists, on short term, for the months of May-October, and I was wondering if I doing the same would be a smart move or I would be better of buying an apartment or store and renting it out.

I have already spoken with an architect and construction companies, and with my budget and the assistance of a European Union investment program I can build a 2 bedroom house, with a pool and sea view on one of the most popular areas of the island. When it comes to buying apartments and renting, I really have no idea what to look for, (I looked around at these stats, but cant get to understand a thing https://www.spitogatos.gr/en/property-index).

What would you in my situation?

thanks

submitted by /u/benzonatatefund
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/1dfnzpw/is_it_better_to_build_a_house_for_airbnb_or_to/
Labels:

Comments

Post a Comment

Popular posts from this blog

North Carolina – “One to Buy; Two to Sell”

I realize I will likely have to contact a real estate attorney but also hoping to hear insights and experiences from others! I have a house in NC that I bought by myself in 2009, and paid off, in full, in 2022. I got married in 2023. My spouse and I have not lived in the house as our "marital residence". We have maintained separate residences even after we got married. (That a separate topic!). I am now selling this house. Realtors have told us that my husband has to sign the deed at time of transfer but I am not convinced since the house has not been our marital residence. The realtors like to use the phrase "one to buy; two to sell", which seems like a broad-stroke statement which is not applicable under all circumstances. And of course, the realtors don’t realize the details of my specific circumstances: I purchased and paid for the house in full prior to marriage Only my name is on the deed And most importantly, we have never lived in the house as a marit...
Post a Comment
Read more

Question With Tricon "Pending ID".....

My wife and i, along with 2 other peopl applied to rent a house, and our application says "Approved, Pending ID". Anyone else know what that means? Do we pretty much have the place or are we missing something? submitted by /u/Itskrueger [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1orixqj/question_with_tricon_pending_id/
Post a Comment
Read more

Making offers on houses not listed for sale.

I want to buy a home for retirement. I am looking at lots of options, mostly focusing on the locations that appeal to me. I see lots of Zillow estimates of homes that look like great deals to me. Are these estimates accurate, even though similar houses in the same area that are for sale are usually priced much higher? If so, is it realistic for me to try to make offers to owners that do not have their homes listed? Would a realtor even consider helping me do this? Or, do these values indicate that the houses listed for sale are overpriced, and I should just lowball until someone accepts? Are houses today tending to sell far below list prices, or ??? submitted by /u/chewybrian [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1o4mcon/making_offers_on_houses_not_listed_for_sale/
Post a Comment
Read more