A person’s real estate is made up of different assets, not just the main home. What does the real estate heritage correspond to? We explain how to value your property to make it grow. Also discover the specific cases of SCI, life annuity and rental management.
What does immovable heritage mean?
All of a person’s real estate assets are considered to be real estate assets. This heritage is distinguished from financial and professional heritage. It is one of the non-financial assets.
It generally consists of a main residence and can be supplemented by secondary and / or rental residences. Buildings, condominiums, building land as well as forests, fields and agricultural plantations are part of the real estate heritage.
The real estate can be used as a dwelling, but also as rental or professional premises (office, business, etc.).
How to promote your real estate assets?
To value your property and make it grow, you need to know its exact location, the quality of its construction and, if necessary, the rental demand.
Some investors prefer building land for their main or secondary residence. This acquisition is not subject to real estate VAT, but only to registration fees which amount to 5.09%. Note that the home must not be a furnished rental. Building land can also be used to build apartment buildings or not.
Forests, fields and agricultural plantations are good investments because they are profitable. They can be bequeathed.
Real estate, the case of SCI
The real estate civil society is a specific legal structure. By opting for an SCI, the managers aim to manage a property together. The SCI can own one or more homes bought or brought in by the partners. The real estate company can rent real estate or make it available to one of the partners free of charge. The choice of an SCI has advantages. The transmission of real estate assets is made easier. This legal status is also advantageous from a tax point of view.
Real estate, the life annuity
The life annuity turns out to be a particular system for the sale of real estate. By resorting to life annuity, the owner makes one or more of his assets profitable. Usually, this is a retirement supplement. The purchaser, for his part, builds up real estate in peace. The constitution of the annuity is established when the notarial deed is signed and ends on the death of the seller.
There are several kinds of life annuity. The occupied life annuity is the best known. The owner sells his property while continuing to live there. On the contrary, in the event of a free life annuity, the buyer can live there immediately. There is also forward selling, defined as seller credit. The seller occupies the home for a period defined in advance. He vacates the premises on the day of the signing of the deed of sale.
The life annuity also represents an interesting income in terms of taxation.
What is rental management?
Real estate rental management concerns the following real estate: apartments, houses, commercial and professional premises, buildings, parking lots. An agent is appointed for the management of the property of the owner. This representative is in charge of choosing the tenant, drafting the rental contract, checking home insurance, sending due notices and paying rents.
Why invest in real estate?
Investing in stone can be wise because real estate enjoys a very good return. It is one of the most reliable investments. The value of a home can also double over time. Well managed, real estate heritage is passed down from generation to generation.
To build real estate assets, you have to choose the property on which to invest carefully. Before buying a home, take into account several criteria such as the price of the property, its geographical location and its proximity to shops and services, its year of construction, its rental potential.