The month of August is coming to an end but it is far from the end of this year’s rental season in Marbella, as the long term rental season begins and promises to be a good one! Marbella continues to grow and many foreigners consider our lovely city as their first option when looking for a place to live long term. The growth of the real estate market is not only exclusive to sales, over the next few months we will see a lot of movement in the rental market and for this reason seeking professional advice is fundamental to help guide you through the questions and queries that will arise along the way. With this in mind Marbella Unique Properties have compiled a small guide (both for owners and renters) to get to know the benefits and peculiarities of the areas of Marbella for those who are newcomers as well as what obligations an owner has when renting out their properties.
Owners guide:
If you have recently purchased an apartment or you need to move out of the city and you do not want to leave your property uninhabited a long-term rental is a great option to make the property profitable.
By using a specialized real estate agency they will help position and market your property correctly as well as manage the property during the rental when you need a physical person involved. Marbella Unique Properties agents take a photographic inventory of the property that is then signed by both the owner and the tenant confirming the condition and content of the property at the time it is handed over to the tenant at the check-in. Marbella Unique Properties will also draft the rental contract (probably the most important factor when renting) whilst providing specialized help and support throughout the process.
Rental properties can be marketed both furnished and unfurnished, although properties with furniture tend to be more attractive to the potential tenant. It is advised to remove personal objects of sentimental value or high economic value that do not enter into the ‘basic package’ of furniture that is required. At the same time it is always a good idea to give the property a fresh look by painting it, redecorating and or remodelling. These suggestions can be carried out before renting unless otherwise agreed with the tenant for certain things to be improved upon during their stay.
A properties value can vary due to many factors that are taken into account when preparing a valuation such as: the type of property, the area, the furniture, whether it has been refurbished or not, proximity to services, schools, privacy etc… All these points contribute to the property’s value and final price. Please feel free to call Marbella Unique Properties without obligation, and we will help value your property and stipulate a price according to the current rental market. The presentation of the house is fundamental.
Check that the appliances and facilities are in working order so to deliver the property in perfect condition to the tenant. A great idea is to take a weekend break to Marbella, relax and during your stay check the apartment thoroughly to make sure everything is in working order.
Tenants guide:
If it is your first visit to Marbella, it is easy to get lost between its beaches and its wide range of properties. Though there are several different approaches to property searching in Marbella, one of the best tips we can give you is to have a clear list of requirements that you would like to property to fulfil which will result in a more detailed and thorough search. Obviously you will want to get an idea of what the Marbella market offers, but when looking for a rental there are basic necessities to cover in terms of number of bedrooms, area, budget, which are basic requirements that will help time save. Marbella Unique Properties will help you clarify your requirements therefore speeding up this part of the process, as well as make a quick selection of the properties available on the market that suite your specific needs.
The long-term market moves at a fast pace, if you find something that suites your requirements and you really like, move quickly to secure you don’t miss out. Marbellas long term rental property market, contrary perhaps to other cosmopolitan cities boasts a wide variety of properties for rent, not only apartments for rent but include properties such as townhouses, villas an unique mansions.
Browse our website for details on the most popular areas of Marbella and find which is best suited to your lifestyle. You will find several detailed blogs on the areas, i.e.: Nueva Andalucía and its Golf Valley, San Pedro and its new Boulevard, Marbellas Golden Mile beaches, the exclusivity of Puerto Banus and many more…
If you are moving the whole family and have small children you can consult our list of Marbella Schools.
Letters of recommendation from previous rentals are a great tool to use during the negotiation process when renting a property as it generates a bond of trust between all parties.
Once you have found your new home, remember to not make any changes without first checking with the owner or the intermediary agency and get pre-approval. Also if you have pets, make sure that you include a clause in the contract stating that pets are permitted during the rental.
Our real estate agency will help you with any problems that may arise during the rental and offer specialist technicians to assess and fix the repair correctly.
Whether you’re an owner or a future tenant please do not hesitate to contact Marbella Unique Properties if you are looking to be guided by a specialist agency for the upcoming rental season.
