19 Feb 2017 6:45 PM:

Have done a lot of research this weekend to further my knowledge and help me decide whether buying a property at HDA will work for me and my family. I must admit everything has been very positive so far, I've drawn up some financial plans which take into account all the outgoings (fees, taxes, utilities etc), and in theory it all adds up. In order to make it viable I would need to rent out for around 12 weeks a year minimum.

Now here's where the problem begins, I've researched into the availability of other apartments for 2017, and the ones I have found on booking websites appear to be available throughout the year (e.g. They have no bookings.)

This has thrown a major spanner in my plans, as if they cannot rent out their apartments then the likelihood is that I won't either.

I'd like to hear from anyone who can counter my theory, or who has experience of renting out on this site. 

Tom

Community thread: Apartment

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17 Feb 2017 4:59 PM:

Thank you Tom, much appreciated. 

'The boss' is in Tenerife until next Weds, so will show her the info when she returns and hopefully we can arrange to come over for a viewing in the near future.

 

Thanks again, have a good weekend.

Community thread: Apartment

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17 Feb 2017 11:07 AM:

Thanks for the reply Tom, I'll check out the link.

I'm waiting on some information from Blue Med on what the currently have available, prices etc.

Still a lot of research and due dilligence to do before I make a decision, but feedback so far seems very positive.

Im in a fortunate situation to be mortgage free at 34, my thinking is to take a 10-15 year mortgage out on a property at HDA, and hopefully have it paid off before i'm 50.

I'm positive it will work for us, I guess its just about having the 'balls' to do it. 

Thanks again

Community thread: Apartment

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16 Feb 2017 8:52 AM:

Good morning from sunny Wales!

I'm looking into the possibility of buying a two bedroom apartment at HDA, it looks fantastic and being a keen golfer right up my street. I have two youngish kids and a busy work life, so our visits would be restricted to 3-4 weeks a year at most. our visits would be limited now,but at the current prices i feel it would be a great investment for us to use for years to come.

I was hoping to be able to rent the apartment out for part of the year, in order to help cover the monthly costs associated.

I'm not out to make huge profits but feel even 10 weeks a year rented out would go a fair way to covering costs. 

Does anyone on here do similar? I'd love to hear of any pitfalls, tips etc.

Also how do you go about exchanging keys to tenants? And are there cleaners available to hire when required?

Thanks in advance, Tom

Community thread: Apartment

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