Many people buy a property as an investment and get good returns by renting it out. This is one of the reasons that Tenerife is so popular is because of the fantastic climate. You will always have a good demand for your property providing that you do things right. In some residential complexes, renting is not allowed, so please find out before you decide to buy.
If you are intending to buy a property for rental purposes it is important that you talk to your agent about it first so that they can point you in the right direction. In order to rent out your property you must legally register it with the local authorities.
By sitting down with your agent and having a long chat about your requirements you will be more informed to buy in the right area and complex. They will know exactly where the best areas are to maximize your return on investment.
You will need to make sure that you furnish the property to a certain standard to make sure that your clients are happy. You do not want to go overboard with buying expensive furniture but you do want to make sure you buy long lasting good quality stuff. Talk to your agent to find out where the best furniture places are. You can save a lot of money by doing this. Many agents work closely with professional furniture companies that will come and visit your property and work with you to create a furniture pack to suite your specific needs.
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