We put together this vblog in the hope to help other owners who are undecided in what to do with their Marbella Holiday property. This one is if fact part 2 and if you missed the introduction you can find that here. As of writing we are in the first quarter of 2012. The news in saying the prices of homes are still dropping and the banks are in no mood to lend any money for the purchase of properties, especially if they have a number of their own properties still their books. As an owner it has become clear that, its going to be a long wait, to achieve the heyday prices of 2005 if one is hoping to sell. Options are to rent out your property. Either long term or as a holiday home. The latter still meaning you still get to enjoy your property.
Incase the VBlog introduction we outlined what will need to be achieved to be able to let a property that needs some work to be able to put on the Marbella Holiday rental market. In this case the owner didn’t have a big budget , especially as the idea was to the let the property in the first place to help with the running costs
So it was to start with, out with the old furniture before we could really get started. One thing we did find out is that there is no value in Second hand furniture when selling, in fact we spoke to a number of house clearance companies that just weren’t interested. In the end we had to give the furniture away, but in reality to have to have hired a man, or men rather men and lorry we would have been quite expensive. So it was a break even deal, I feel.
The apartment is around 145 m2 3 beds and two baths , and hadn’t never really been finished. Plus we had , an installed air-conditioning unit that was in place but low ceiling and caballing was still unhidden. Glass with wholes in for the air-conditioning pipes that needed to be replaced. Blinds that were tiered or broken and needing repairing – replacing. Broken floor tiles needed to be replaced and the old grout in some places needed to be removed and reapplied . A water pipe that protruded dangerously from the wall and for some reason every tap in the apartment was loose.
Below is a list of the local companies that helped us out and that we can happily recommend.
Persisol Sl Marbbella fixed the blinds
Crisur Cristaleria Sl fixed the windows
Instaladora Ortiz Sl fixed all the plumbing issues
Xxxxxxxxxxx Moved light fitting and placed sockets
Leroy Merlin supplied the painting materials and curtains + Fittings
Jeans Emporium has so far been the main supplier of the new –second hand furniture.
All in all for a very reasonable price CMH.Properties has managed to help an owner out of a tricky position, of not knowing how to go about a small renovation project with the plan of letting to the public.
The owner now has a property that their clients will be very happy to stay in and will still be able to enjoy the property with money to spare.
The main marketing video VBlg you will be able to find here and here once completed
We thank you for reading this far and hope to hear from you soon if you have any questions or need help in discussing , a similar project