Garage, box, parking ... Investing in a car park is an attractive investment, even if it is slightly less profitable today than ten years ago. LaVieImmo.com an update.
Parking face still high on the desired niche products by investors. A modest initial investment, low loads, a simplified legal system are its main assets. If the product is less profitable than it was ten years old, it is still attractive on certain growth markets, you need to know identify.
Christine Vassal-Largy, director of the real estate division of the consulting firm Thesaurus wealth management, describes the car as an element " accessory but essential " Wealth management " perfect in a logic of diversification, it also allows households who do not have the ability to borrow in large amounts to realize a real estate transaction "
What price?
The price of parking varies widely across districts, municipalities and parking difficulties met there. But as with any real estate classic is the location that determines the first cost. A square in the city center, in an area where the lack of parking out, will be worth more than another in a remote area. Similarly, the positioning inside the car influencing prices upwards or downwards. The seats in the first basement, close to the exits (elevators or stairs), are the most popular. Closed boxes also worth more than those open spaces or outdoors.
Another important point is the size and height of the car ceiling. Even in the city, you can travel by 4x4. It would be a shame not to an entire class of tenants for lack of space!
What profitability?
Right now, the yield is down. The reason ? The multiplication of public car parks and the development of public transport in major cities. Today, fashion is the restriction of the use of the car. Couples who had two vehicles often have more than one, and many young people prefer to rent a car when they need it rather than buy one.
The other point not to be overlooked is the tax cost of the operation. First, at the time of purchase, you will go before a notary and pay him fees as for the purchase of housing. Then, a parking space is also subject to property tax. We must therefore take between one to two per year rent at the rates of your city, your department and your area. You will be subject to local tax if the place is dependent on your home. This is not the case if it is over a kilometer from your home.
What tax?
Warning ! Your rental income for a parking space are subject to income tax. If they are less than 15,000 € (2042 ), you have the choice between the real system and the micro-land of the regime. This entitles you to an allowance of 30%, work and charges incurred are included in the standard allowance and can not be deducted.
The option for the actual speed, it allows you to deduct the amount of rent all charges related to housing and assumed during the previous calendar year. Just make the right choice!
However, if your income exceeds EUR 15 000, the actual speed will apply automatically.
What lease sign?
When the box-garage is not related to the main housing of the tenant, under the general law of things agreement contracts, not the law of 6 July 1989 on the empty locations.
The rent is set by agreement between the parties, and no minimum or maximum duration of the lease is imposed by loi.Cependant, to secure the transaction, it is better to sign a document with future tenants, mentioning there the rent, the deposit and the lease term. Then, be sure to ask for a deposit because of the damage are always possible. Finally, do not forget to specify the breakdown of the lease terms and the length of notice; both for you and for the tenant.