Thinking of buying

Blue Med Invest
Post reply   Start new thread
New - Old :: Old - New

Pages: 1 |

Roda Golf And Beach Resort forum threads
The Comments
07 Aug 2019 21:07 by Burnpark Star rating. 3 forum posts Send private message

Hi, 

We are thinking about buying on Roda Golf and wanted to get some advice from current owners please.

The place looks lovely but we would have to rent to help cover the mortgage. Do people do long term rent in the winter for 6 months and is it easy to rent in the summer? 

Any other advice on the resort would be appreciated.

Thank you




Like 0

Spam post or Abuse? Please let us know

09 Aug 2019 10:33 by scollins Star rating in London. 51 forum posts Send private message

Hello,

I own an apartment on Phase 3 ( around the other side of the golf course from the main entrance). There is a demand for winter rentals but rent levels tend to be lower for winter/lomger term rentals. If you need rental income month in month out  to cover mortgage  the location of your chosen apartment will be important. I don't have any scientific research to support this but i think apartments closer to the main entrance and road acess ( ie Phases 1 and 2) might be easier easier to rent out as access to a car is fairly necessasry  in phases 3 and 4.

Good luck!



_______________________
Scollins


Like 0

Spam post or Abuse? Please let us know

09 Aug 2019 13:22 by Burnpark Star rating. 3 forum posts Send private message

Thank you so much.

We have seen a property on phase 1 which is a bit more expensive, but the benefits in terms of location makes sense.

 

 




Like 0

Spam post or Abuse? Please let us know

09 Aug 2019 16:16 by Jarvi Star rating in Halifax UK. 664 forum posts Send private message

09 Aug 2019 18:37 by Burnpark Star rating. 3 forum posts Send private message

10 Aug 2019 07:52 by Jarvi Star rating in Halifax UK. 664 forum posts Send private message

Burnpark

I am not an owner on Roda golf, however If you are relying on rental income to help to pay the mortgage you are leaving yourself in a precarious position. 

What happens if you get no rentals or not enough to cover the mortgage? Have you factored in the Spanish Income tax that you would have to pay on your rental income?  Not sure about Roda but some Golf complexes are like ghost towns in the winter months, and I would check to see if the community is in debt, as I know of one golf community that is 1 million euros in debt and I think that all community owners are liable. What would you do if the community fees increased say by 25%? (ours has just increased by 50% due to bad debtors)  I am not trying to scare you, but you need to go into this as fully informed as possible.

 


This message was last edited by Jarvi on 10/08/2019.


Like 3

Spam post or Abuse? Please let us know

Pages: 1 |
Post reply   Start new thread


Previous Threads

Flies - 2 posts
Illegal airport transfers - 0 posts
Roda Village - 1 posts
Transfer from corvera airport - 1 posts
Mortgage floor clauses - recommendations on reclaim overcharged interest - 0 posts
Repair to patio furniture - 0 posts
Penthouse required Roda 25th May - 0 posts
Gas Supply - 1 posts
Missing person - 0 posts
For Sale - 0 posts
Fold up sun lounger taken phase 3 pool 1 - 0 posts
Mini-market - 2 posts
Ridiculously cheap car hire?? - 3 posts
Pathway to golf club house - 1 posts
Apartment wanted19/8 - 4/9/18 - 1 posts
Shuttle Bus - 1 posts
Shipping goods back to UK - 0 posts
Air conditioning repairs Roda Golf - 2 posts
Pool Wristbands - 1 posts
Double booking - 0 posts
Insurance recommendation, please - 1 posts
Roda Golf - 3 posts
Additional charge on Commundad - 4 posts
Long Term Rental Properties Needed - 2 posts
Double Booking - 2 posts

6 posts were found:


1 |
Our Weekly Email Digest
Name:  
Email:
   


This site uses cookies. By continuing to browse you are agreeing to our use of cookies. More information here. x