Castles fascinate young and old alike. They attract the attention of people who want to invest in real estate with a rich history. Since the price drops for this type of property, wealthy people are no longer the only ones interested in castles. Here’s everything you need to know to get a good deal.
Buy a castle in France
France has many castles. The latter occupy a full place in French culture. They bear witness to the glorious past of the royal families of France. They have been around in the real estate market for a long time. The most prestigious castles are registered or classified on the list of historical monuments. The castle craze isn’t just for the wealthy. The chateau market has become accessible since the fall in prices. There are different elements to take into account for a successful castle purchase project.
The cost of buying a castle
Price is an essential factor when it comes to a real estate investment. When it comes to the castle, the price is not fixed. Thus, it varies from one castle to another due to the many parameters to be taken into account, such as size, presence of equipment, period and even the condition of the building. Trading is a logical step in this market. Do not hesitate to negotiate to try to acquire a castle at the right price. Don’t forget the maintenance cost and the charges that influence the price. If you buy a castle registered or classified as a historic heritage, you are entitled to public subsidies or a tax exemption system. The purchase of this type of property should not be motivated by the need to generate profit at the time of resale. Indeed, the gain is minimal when selling a castle. The ideal is to make your investment profitable with lucrative activities. But, this should not prevent you from reselling your property as soon as you feel like it. Note that the purchase of a castle is above all a matter of passion for the architectural heritage of France.
The location of the castle
France has nearly 40,000 castles. This rather special market is still accessible to all those who want to treat themselves to these architectural wonders. The Loire Valley is one of the regions most specified by lovers of castles. Choose the region that is right for you to have a castle, because it is a long-term investment.
The castle is often part of the real estate heritage of its owner over 7 to 10 years. It doesn’t stay long in the hands of one owner. So, depending on the means at your disposal and your preference in terms of location, you can find the castle that suits you best.
Take into account the cost of the work
Maintaining a castle is an expense item to be taken into account when buying. You should understand that the cost of the work can increase the price of the property. Estimate the amount of work first before signing anything. Indeed, it may be higher than the price of the castle itself.
Insulation, plumbing, roofing, frame, or the condition of the facade and walls can add to the cost. Be careful to take the time to analyze anything that might incur additional expenses once the castle has been acquired. The support of a professional will help you make the right decision.