In an elegant, renovated building Haussmann style, spacious apartment with dual aspect : overlooking courtyard (bedrooms and kitchen) and quiet street. Entrance hall, double living with fireplace and high ceiling, three bedrooms, large independant kitchen , laundry room, 3 WC. Cellar. Concierge. li...€1,340,000 Agency fee included 4 % tax included payable by the buyer • Net seller price = 1 286 000 €
In a courtyard with figue trees and flowers, renovated one bedroom apartment on the 4th floor of a 19th century building. Entrance, bathroom, kitchen, living room, kitchen with walk in dressing. Cellar. Light, West orientation. All windows open on the garden. Quiet environnment. Next to transporta...€447,000 Agency fee included 4 % tax included payable by the buyer
Apartment in a stone building on the 3rd floor: entrance, living room, 2 bedrooms, 2 bathrooms (one shower, one bath) independant eat in kitchen, Cellar. Parquet floor. Fireplace. Orientation : South east. Shopping area very close. Public parking in the vicinity.€1,004,750 Agency fee included 3 % tax included payable by the buyer • Net seller price = 975 000 €
In the Madeleine area, close to Faubourg St Honoré, nice building, prime area, one bedroom apartment. Good configuration: Entrance, kitchen with dining area, living, bathroom with toilets, bedroom. Cellar.€360,000 Agency fee included 5 % tax included payable by the buyer
On the 5th floor of an ancient building, bricks and stones, two bedroom apartment. Dining room, living room opening on a balcony with a view, fully equiped kitchen opening on the dining room, 2 bedrooms, one bathroom, separate toilets. Maids room, cellar.Lift Nice building, well maintained, Concierg...€1,060,000 Agency fee included 3 % tax included payable by the buyer • Net seller price = 0 €
You bought an apartment for its many qualities and its attractive price. However, your intention is not to live in this apartment. For example, you have anticipated for your children who in a few years will become students, or you have imagined this apartment as a lovely pied-à-terre in Paris, upon retirement.
But in the meantime, as the investor that you are, you wish to make this purchase profitable. Clearly, a rented furnished apartment is always more profitable than an empty one!
The benefits are many, but the main benefit is a financial one. Indeed, the furnished rental is financially and fiscally more interesting than an empty rental.
On a financial basis : According to the the property’s location and its furnishings and amenities, the rent of a furnished rental is generally 10% to 15% higher than that of an empty dwelling. On a fiscal basis : the income resulting from an unfurnished lease is called "Revenu Foncier", and is taxed on the basis of the “Micro-Foncier” (up to 70 000 € / year) or on the basis of the “Real scheme” (70 000 € / year and up).
The furnished rental revenues are considered "Industrial and Commercial Benefits" (in short, BIC), and they are subjected to the “Micro-BIC” regime (up to € 70,000 including charges / year) and to the “Real” regime above € 70,000 / year.
For example: In Paris, renting an unfurnished two-room apartment of 40 m² to 1,150 euros per month, brings 13,800 euros per year to the owner. The owner will have to declare the entire 13,800 euros of his property income.
Renting the same two-room furnished for a rent of 1,400 euros per month brings in 16,800 euros per year. The owner will declare only 8,400 euros in his income “BIC” (an advantage of a 50% discount).
But a furnished rental requests a bigger investment from the owner, financial and personal!
With Paris Rental’s assistance, small surfaces which are in high demand by expatriates on professional mobility in Paris, and which are the most profitable for landlords, will be immediately yield income. Contact "Home Management" to manage your Furnished Property Rental for you!