Magazine

Real estate is one of the investment alternatives available, with its own risks; one of the possibilities is to invest in tourist homes. Tourism has grown in recent years, which may influence the demand for tourist homes, without this guaranteeing results.

However, it is necessary to take into account certain elements that will help you assess the right place for your real estate investment.

The first thing you should keep in mind is to choose a good area with stable tourist demand. To that end, the location of the home is an essential factor; try to make sure it is in an area with little seasonality and with all services (shops, green areas, public transport, monuments, parking, etc.).

Next you should take into account the characteristics of the home, that is, aspects such as the number of bedrooms, whether the property has an elevator and a garage, as well as the age of the home, its condition, and whether it is located in a residential area with a pool, green areas, etc.

Investing in tourist apartments that have a pool and green areas can be a reason for the guest to pay more for their stay, because this provides added value. But you must keep in mind that such apartments also have higher homeowners’ association fees, so you must be careful to set the rental price correctly so that it does not harm the desired return.

In addition, if you invest in an older apartment, you must take into account the renovation costs and how adaptable it is for obtaining the tourist license. We recommend that you read the regulations of each autonomous community before buying the apartment. One option is to look for homes that are already in tourist operation with the license in order. 

Stay up to date on the regulations in force for making changes to your apartment; the LOE (building planning law) contained in Law 38/1999 of November 5 will let you distinguish which works require an architect and which only require a technical architect

Make sure that the area where the home is located has access to electricity and gas supplies.

Last but not least, put yourself in the place of the tourists who will want to rent your apartment; this will let you know what they would like to find in a tourist apartment and what amenities to provide.  Generally, people look for a home in good condition, with a modern style, with furniture and soft colors, well equipped, clean and located in a central area. This can help your investment perform better, with no guarantee.

If you prefer not to manage the property yourself, on our real estate investment platform, Brickstarter takes care of operational management: searching for the apartment, attracting guests and maintenance. That way you take part in a real estate investment managed by professionals. Every investment involves risk and must be suited to your situation. 

Past or estimated returns do not guarantee future returns. Investing involves a risk of total or partial loss of the invested capital.