Tomkat Posted November 12, 2003 Share Posted November 12, 2003 We've finally sold our UK property and will be looking seriously for our new home in France in the new year. We're looking for a house in the Haute Vienne suitable for chambre d'hote. I've been trying to get an idea of what the likely takings (if any!) would be. I know it's a bit like string and it's length but, assuming we do get some customers, I'm sure we can make something. I've trawled the forums for ideas and have come up with the following:-2 rooms let at 40 euros each per night, say for 5 nights a week for a max number of 8 weeks per year. Allowing for running costs etc I reckon we could clear about 1500 euros per year once we get established.What do you think, too optimistic/pessimistic? We will both have private pensions coming in so any profit from the b&b would be a bonus. We'd be doing it more for the fun rather than to make a living.Also I'm not sure whether we should engage a UK solicitor for our purchase. I don't anticipate any problems but I suppose it's peace of mind. Any help/recommendations would be helpful. I was thinking of using a firm based in Ipswich who have been mentioned on the forums. Anybody had any dealings with them, good or bad? I think they're called Prettys.Any help would be much appreciated. Link to comment Share on other sites More sharing options...
Miki Posted November 12, 2003 Share Posted November 12, 2003 >We've finally sold our UK property >and will be looking seriously >for our new home in >France in the new year. >We're looking for a house >in the Haute Vienne suitable >for chambre d'hote. I've been >trying to get an idea >of what the likely takings >(if any!) would be. I >know it's a bit like >string and it's length but, >assuming we do get some >customers, I'm sure we can >make something. I've trawled the >forums for ideas and have >come up with the following:- >>2 rooms let at 40 euros >each per night, say for >5 nights a week for >a max number of 8 >weeks per year. Allowing for >running costs etc I reckon >we could clear about 1500 >euros per year once we >get established. I think you have been very realistic to be honest. It even makes me wonder if it is worth even doing for that amount of return. It is very hard work and with all the improvements you will more than likely have to make to the property you buy it needs very careful consideration indeed I feel. You will ideally need both rooms to be ensuite, so, added to your own bedroom and maybe another bedroom for family use another bathroom, you may well be looking at a 4 bedroom 3 bathroom house and that will not be so cheap at the end of the day, will it ?>>What do you think, too optimistic/pessimistic? >We will both have private >pensions coming in so any >profit from the b&b would >be a bonus. We'd be >doing it more for the >fun rather than to make >a living. OK, even if it is just "for fun" will the outlay be worth it ?>Also I'm not sure whether we >should engage a UK solicitor >for our purchase. I don't >anticipate any problems but I >suppose it's peace of mind. >Any help/recommendations would be helpful. >I was thinking of using >a firm based in Ipswich >who have been mentioned on >the forums. Anybody had any >dealings with them, good or >bad? I think they're called >Prettys. >Any help would be much appreciated. Personally I would not bother with help from the UK when buying in France, if you need halp, there are plenty of people in France who can oblige but do try to get someone who comes reccommended. Most French bilingual immobiliers will assist you without the need or the expense of and, in my opinion unecceesary expense, of UK based "law firms".Good luck but "for fun" I am not sure about working for that, the money perhaps.....................Miki Link to comment Share on other sites More sharing options...
Alan Posted November 14, 2003 Share Posted November 14, 2003 I agree with miki comments I think you have been very realistic. In the first 2 years you may only just cover your costs . Its hard work but I find it enjoyable to do and you certainly meet a cross section of people . Some can be right pains in the neck but you just have to smile and get on with the problem in hand. Other are a delight and we have made a lot of friends. With only 2 rooms you must also not rely on this for an income but if you want to work for your hobby then good luck Link to comment Share on other sites More sharing options...
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