Apartment hunter for a pied-a-terre for a rental investment

Found!

Discover a search conducted quickly by Gaëlle Loheac, apartment hunter. Nathan wants to buy a Parisian pied-a-terre from his mother, to facilitate his business trips since she lives in the suburbs. When he retires, he wants to turn it into a rental investment. Our expert will have to take these two objectives into account, to find the property that will please both the son and the mother!

Why are they asking for help from an apartment hunter?

Nathan and Nadine take personal steps, but quickly notice that they encounter several difficulties: either they arrive too late, or they misidentify the ads and travel for nothing. After two to three months of unsuccessful research, they come to the conclusion that they need professional help.

How do they choose the HOME SELECT network?

After identifying a few real estate hunting companies in Paris, they set their sights on the HOME SELECT network, which they consider to be a serious and promising site. This feeling is supported by an acquaintance who praises the work of the network that he requested several years ago. Upon receiving the contact request form, Jean Mascla questions Gaëlle Loheac about her availability: a specialist in the coveted sector (the 9th arrondissement), she makes contacts and organizes a telephone appointment.

What are Nadine's criteria and Nathan's?

If Nathan buys the property that he is going to rent out later, the apartment must absolutely appeal to his mother, Nadine. In other words, the emotional aspect will influence the search, but the rental yield remains to be considered in the background. Gaëlle will therefore have to systematically check how much the property can be rented for before each visit.
On the phone, Nadine explains to our apartment hunter exactly what she is looking for: a two-room apartment upstairs, bright, with a quiet room, with a surface area of 35 m², in a building with an elevator from the 2nd floor. While the budget is consistent, the location is extremely limited since it only covers the 9th arrondissement.

How is Nadine's research organized?

At the end of the telephone appointment, the two women organize a meeting with Nathan to orchestrate the signing of the mandate and go over the key criteria. Once officially requested, Gaëlle sets up the HOME SELECT application and activates her 9th arrondissement network. The idea is to look for properties and to be the first to visit them.

How did the first visits go?

Thanks to her contacts, Gaëlle gets a visit to an off-market property with very good potential once the work has been done. Located in the 9th arrondissement, with its own condominium, it costs €10,500 per m², which is reasonable for the sector. But, despite the bargain and the attractiveness of the apartment, Nathan and Nadine do not want to follow up, because since it does not offer a good view, they do not feel good there.
Gaëlle quickly understood that it was necessary to focus her search on warm and pleasant properties to seduce Nadine, just like looking for a main residence. She even manages to know that they can slightly extend the budget envelope for a “crush”, while remaining reasonable.
For another visit, our apartment hunter takes them to the top floor with an elevator of a property located in the 9th arrondissement, offering a very clear view. Unfortunately, the living room is too small: Nadine is used to living in a certain space, so it is essential that the layout of the property be well worked out — namely, a small bedroom, but a larger living room.
The next visit immediately seduces Nadine: a condominium in the process of being redone, a living room of 20 m² and a small bedroom. But as Nathan was only able to free himself the next day, the opportunity passed right under their noses! In fact, the real estate agent in charge of the property received an offer at the price from the first day of marketing.

How did Gaëlle find Nadine's future home base?

One morning, Gaëlle receives a call from one of her contacts: he has just received a new file that Nadine and Nathan may like. Without waiting, our real estate hunter blocks a visit and informs his customers.

What are the advantages of this 2 room apartment?

In the 9th arrondissement, Rochechouart district, the apartment belongs to a small old condominium. If it is located on the 1st floor of a corner building, it is extremely bright, as it has a lot of windows overlooking a street with a small hallway. With a surface area of 40 m², it houses a kitchen with glass roof, which communicates with the living room for a total of about twenty m². Completely redone, it is displayed at a price slightly above Nathan and Nadine's budget, but remains consistent with the surface area greater than that requested.

Did Nadine have a crush?

Just with the photos and the address of the property, Nadine is already very excited about this apartment, even evoking a crush! The next morning first thing in the morning, interest was confirmed! Presented off-market, they leave the visit and sit down at a café to write the purchase offer. As the proposal is at a price and is the first, the file is immediately accepted!

Was there work to be done?

Tastefully redone, Nathan and Nadine had nothing to do, except for a little bit of paint. The bathroom amenities were impeccable and the kitchen was already fully equipped.

“Double objective satisfied! ”

The difficulty of this research was to combine the criteria - more emotional - of the mother and the necessarily reasonable purchase in relation to the price per square meter of the son. Not to mention that the search area was extremely small. Gaëlle is therefore delighted to have been able to find them a property that meets all these requirements!

“I feel really good there! ”

After doing some decorating work, Nadine is all the more happy that she feels really good in this apartment. However, she knows well that, without our real estate hunter, she would not have been able to get it...