After sales serviceOnce you have bought your
French property, you can benefit from Chez Riviera's after-sales service which
offers complete peace of mind. Our team speak fluent French and will assist you
with every aspect of settling into your new property. Owning a property in a
foreign country can seem difficult to manage at first, from organising
renovations to rentals, but with our help, this can be a breeze.
The first thing we do is
change over the utilities and open a French bank account, if you have not done
so already. A direct debit facility can be set up to deal with electricity,
gas, water and the monthly charges for the management company (if you are
living in a co-ownership complex). Home insurance is compulsory in France but the rates are low when one considers it generally includes third party liability
insurance which is a must if you decide to let it. Chez Riviera will assist you
with all of this, ensuring your path to owning a French property is a smooth
one.
Renovations
Many buyers decide to
renovate their property to their own tastes, adding individuality and
transforming the property into a home from home. Renovation costs are generally
lower than the UK and Ireland and the cost can be financed as part of the
overall French mortgage. Here are some important points worth taking into
consideration when renovating a property in France:
-The quote for works
('devis') is legally binding. So no matter what happens, the price does not
increase. It is important to ensure that everything you want is in the quote to
avoid future complications.
-Tradesmen are registered in
France and must have the necessary experience, builder's insurance and a
French company.
-VAT (Value Added Tax) on
renovations of an existing property is charged at the lower rate of 5.5% as
opposed to construction of a new property, which carries the standard 19.6% VAT
rate.
Renting your apartment
Chez Riviera works with
local property management companies that offer services for both long-term and
short-term lettings. These agencies are professional and abide by all relevant
regulations.
The property management fees
on a property for long-term let is normally between 7% and 10%, while the fees
for short-term let are between 25% and 30%, which reflects the higher workload
associated with a high turnover of tenants.
For more on renting out your
apartment, click here |