Taking Time for Thanksgiving
Thanksgiving…Just Another Day for Parisians
November 27, 2008
Bonjour French Property Insider Subscriber,
Traditionally the French Property Insider publishes 50 issues a year, allowing us to take a break for a couple of weeks each year. We’re taking our second break this week in order to travel, cook, drink, and celebrate the Thanksgiving holiday with our families and friends. This issue is a recap of upcoming property events and French Property Insider information. We encourage you to take advantage of our archives and other articles written for past issues and enhance your knowlege and understanding of living and investing in French property. On the other hand, you can take a break as well and travel, cook, drink, and celebrate the Thanksgiving holiday with you families and friends. A
Traditionally the French Property Insider publishes 50 issues a year, allowing us to take a break for a couple of weeks each year. We’re taking our second break this week in order to travel, cook, drink, and celebrate the Thanksgiving holiday with our families and friends.
This issue is a recap of upcoming property events and French Property Insider information. We encourage you to take advantage of our archives and other articles written for past issues and enhance your knowlege and understanding of living and investing in French property. On the other hand, you can take a break as well and travel, cook, drink, and celebrate the Thanksgiving holiday with you families and friends.
Abientt and Happy Thanksgiving!
Production Manager, French Property Insider
Email: [email protected]
P.S. Look for a new and exciting issue of FPI next Thursday!
Volume VI, Issue 48, November 27, 2008
In this issue:
* How to Prepare for Paris’ Paliers
* French Property Fractional Offerings: Updated List
* Today’s Currency Update from Moneycorp
* Hot Property Picks: Beautiful, Bountiful Beaujolais
* December’s Notaire Property Auctions Almost Here
* Hot New Leaseback: SAINT HENRI
* French Property Mortgage Assistance
* Parler Paris Apartments — Les Portes de Notre Dame
* Parler Paris Aprs-Midi: When We Meet Next
* Managing Your FPI Subscription
There are 70 steps up to my Marais apartment. I counted them the first time climbing them when visiting the apartment in the summer of 1997 before becoming its inhabitant. The stairs date back to the 17th- century and have a particular formation that tells tales of its former life.
The building was once a "htel particulier" (or townhouse), where the wealthy, aristocratic French lived when visiting Paris from their chteaux in the countryside. The women had wide skirts, so the stairs are wide to accommodate them, and the rise of the stair is short, so the climb is easier. Still, with each level, the turn of the stairwell is different.
From ground level "0" ("Rez-de-Chause") off the courtyard where the horses and carriages were kept, the stairs turn at right angles twice to arrive at Level "1" ("Premier tage"). This level housed the reception rooms and from this point, the stairs circle up two-thirds of the way, then turn a sharp right to the "palier" (landing) of Level "2" ("Deuxime tage") where the bedrooms ("chambres") existed. From this point, the stairs narrow sharply and take again two sharp turns, leading to Level "3" ("Troisime tage") where the servants lived. This is where my apartment is — once made up of many little rooms, now 70 square meters, all overlooking the street, with smaller windows than the two levels below me.
The American lifestyle I was used to consisted of one flight of stairs in our two-story Los Angeles home, and previously in our apartment, like most, had elevators. So many stairs were not part of my every day life, with the exception of attending "Step Reebok" classes that were invented to simulate the healthy advantages of using steps!
For all the years of living up 70 stairs, I’ve had a love-hate relationship with them. People visiting the apartment have often remarked about why we haven’t added an elevator, which many buildings have done, in spite of the big expense.
The configuration of the steps don’t allow for an elevator, plus their 17th-century character is not something any of us would want to destroy. Plus, the stairs have always offered clear advantages and disadvantages, which I’ve come to see now as "blessings in disguise." Thanks to the stairs, I’ve developed nice
muscles in my arms and legs, better shaped
‘buns’ and I get a good natural cardiovascular work-out. I’ve never been healthier, and I have the 70 stairs to thank.
When looking to purchase an apartment in Paris, stairs are a big concern. If you
purchase an apartment beyond the third floor without an elevator, renters may not be very willing to climb them. If the apartment is too low, it may lack light, particularly if the windows overlook a narrow street or courtyard. If the apartment is on a high level with an elevator, and the elevator is malfunctioning, everyone may suffer, including your rental returns! If it appears the homeowners association is willing to install an elevator, expect a big assessment and a battle from the owners on the lower levels who don’t want to pay for an asset they don’t think they will use or need! (Foolish on their part — as it ALWAYS increases the value of the property!) Either way, consideration of the stairways are an important aspect when making an important property purchase decision, particularly in Paris in older buildings that lack elevators.
The condition of the stairwell has been abominable all the years I’ve lived in the building. As a result of climbing them many times a day disgusted by the dirt and peeling paint, I spearheaded a movement to have them renovated. As it turned out, the owners in the other three buildings on the courtyard were in agreement for their own dilapidated stairwells and by a vote, it was decided to proceed to renovate them.
It was an expensive endeavor and the assessment was painful to bear, but the improvement to the property well worth it. There is no question that its condition adds value to the property — any appraiser will agree with this.
For the last two months, the workers have been repairing the cracks, wallpapering with a special cloth, preparing to repaint and then refinish the ancient wood stairs. Climbing and descending has become an obstacle course, but never mind — the finished product is sure to please us all.
Over the years, I’ve learned how to maneuver the stairs so that they have become a pleasure rather than a burden. These can be taken as helpful hints to anyone who must climb more than one flight:
1. Never leave the apartment without checking to make sure you have everything
you need. If you get to the bottom of the stairs and realize you’ve forgotten your umbrella, you may not be so thrilled to climb them again and end up wet!
2. If you have a large mailbox on the ground level, you can use it to house a few items you’ve purchased or have been carrying so that you won’t have to climb the stairs just to deposit them at home.
3. Simply roll heavy suitcases up (backward) and you can roll them down (forward), one step at a time. It takes time, but it’s not a weighty burden. Just be sure you always have rolling bags!
4. Have your groceries delivered (most of the grocery stores will do this for a minimum spent or a small fee).
5. If you don’t have them delivered, then never buy too many at a time. Instead
of bottled water, buy a filtered carafe and never carry those heavy bottles up again.
6. OR buy a good grocery cart — the best has three wheels on either side that ‘jump’ the steps easily. The one I have has been a life- saver. (I first saw these in Venice where going up and down the bridges over the canals could have been a nightmare for shoppers, but wasn’t!…made by Rolser, see http://www.rolser.co.uk for more information.)
7. Never run up or down your stairs. Never. That is unless you don’t care about killing yourself. If your stairs are as highly polished as mine, then you could easily do exactly that if you take them too quickly.
8. Use the time you spend on the stairs to breath deeply and relax, think about pleasant things and reflect on your wonderful life in France. And don’t forget to thank the stairs for keeping you slim, trim, and healthy.
Fractional Property Offerings from French Property Fractional
If you are interested in traditional fractional ownership properties currently offered by our Fractional Ownership partners, see below:
Paris: La Rsidence Luxembourg
Paris: LE PALACE DES VOSGES
|d>||Paris: LE PETIT TRESOR
|Paris: CHEZ LA TOUR
|Languedoc-Roussillon: MAISON BLEUE
|Meaux: CHTEAU LIVING FRANCE
TODAY’S CURRENCY UPDATE
Visit the FPI Web site and click on the link on the left panel or click here for Currency Convertor by Moneycorp: Moneycorp Currency Conversion Tool for up to the minute conversions of all major currencies.
Compare currency values easily and quickly by visiting:
Charts: http://www.Moneycorp.co.uk/members/charts.asp. The charts are updated every ten seconds.
The prices shown are "inter bank" exchange rates and are not the rates that you will be offered by Moneycorp. Your rate will be determined by the amount of currency that you are buying. Please speak with an Moneycorp dealer or your consultant for a live quotation.
Each week French Property Insider features a range of properties which we believe are on the market at the time of writing. These properties are featured in order to give readers a sample of what is currently available and a working example of prices being asked in various regions of France and districts of Paris.
As we are not a real estate agency. These properties do not constitute a sales listing. For those readers seriously interested in finding property in Paris or France, you can retain our services to do the whole thing for you. For more information, visit http://www.adrianleeds.com/frenchproperty/consultation.
***Quiet Country House: 2-bedroom, approx. 180m
Ideally situated for access to ski resorts, this 250 year old stone farmhouse is surrounded by mountain landscapes and would be a superb investment for winter and summer visitors alike.
Renovated to a high standard, this cosy house has internal exposed stone walls and wooden, beamed ceilings. Its surrounded by a typical alpine garden with traditional shrubs and bushes.
Its total living space of 130 sq.m includes a good-sized living room, separate
kitchen, two large bedrooms and an ample bathroom. Also there is an 80 sq.m
attic with great potential for conversion to further living space.
Outside is wonderful terrace for soaking up the sunshine and enjoying the outstanding mountain panorama. Another big plus is a generous- sized garage plus a useful workshop. There are a number of attractive small towns around the area providing a cross section of bars, restaurants and other amenities.
Asking Price: 420 000 + 2.5% Finder’s Fee
***Renovated Farmhouse: 3-bedroom approx. 187m
A great deal of thought and attention to detail have gone into the changes that in this old, single-storey Ain-department farmhouse in the Rhone Alpes. It has been very skilfully brought up to date to provide an outstanding, three-bedroom property that is a great value for the money, with further potential for improvements.
It stands in 3,000 sq.m of pastoral landscapes and provides 187 sq.m of delightful, habitable space. The new materials used to create the propertys fresh internal environment are both light and modern giving the old, sound structure a very special ambience. Located just 3km from the nearest village, the property is also some 30 minutes from Macon, famous for its wines of the same name, and the larger town Bourg en Bresse. You can also be in Geneva within a couple of hours by road.
Asking Price: 230 000 + 2.5% Finder’s Fee
***Restored Water Mill: 4-bedroom, approx. 212m
With a history stretching back to the 13th Century, this picturesque stone-built water mill on 10,000 sq.m of land has considerable investment potential. It has been restored to provide a very sound and well-appointed house with accommodation on two floors, with four sizeable bedrooms.
In addition the property has a number of other fine features such as the balcony which runs along the entire length of one faade, affording good views over the surroundings and providing a covered terrace beneath for eating and entertaining.
At one end of the house is the remains of an ancient archway which gives access
to the rear. There are some very ancient stones on the floor in the main kitchen
which look as though they could be the original surface going back over many
Internally, this old house is in need of a little tender loving care but otherwise it seems to hold many possibilities for a successful future. It stands in lush, green surroundings with a natural spring on the premises. A river flows through the garden and there is a fishpond too.
There are good shops and restaurants not far away at Nantua where there is also a lake for people interested in water sports and fishing. Within 45 minutes by car you can be at the airport in Lyon or 30 minutes away is Geneva with all of its outstanding facilities.
Asking Price: 1 060 000 + 2.5% Finder’s Fee
***Farmhouse/Gite: 6-bedroom, approx. 443m
Stunning renovated farmhouse with a gite, a swimming pool, a large garage and outbuilding situated in the Dombes area in the Rhone Alpes.
This exceptional property offers an 443 sq.m of living space that includes a gite, 6 bedrooms, a large media/home cinema room, a large fitted kitchen, 3 bath/shower rooms and over 250 sq.m of outbuildings (stables and garage).
As expected all the usual features with a property of this calibre are here; swimming, under-floor heating, electric gate, alarm system, double glazing. Set on a park of 10,000 sq.m (1ha). It is located in a small and quiet village 15 mins from the motorway, 10 mins from a golf course and 30 minutes north of Lyon.
On the ground floor the gite: sitting room of 25.6 sq.m equipped kitchen of 12.2 sq.m bedroom of 12.2 sq.m shower room of 7.5 sq.m
On the ground floor owners living quarters: living room cathedral of 44 sq.m large kitchen of 32 sq.m bedroom of 19.5 sq.m dressing of 6.5 sq.m large media/home cinema room of 57.4 sq.m laundry of 5.8 sq.m shower room of 7.6 sq.m wc of 1.7 sq.m
Asking Price: 795 000 + 2.5% Finder’s Fee
Additional information on Les Ventes aux Enchres des Notaires can be found on the Web site at http://www.encheres-Paris.com. Though the site has a button for an English version, it isn’t necessarily reliable.
To read Schuyler Hoffman’s article about the property auctions in Paris, click on:
An Alternative Way to Buy Property in Paris
The Next Notaires’ Property Auction:
Notaires de Paris
Place du Chtelet
12 avenue Victoria
December 2, 2008
Beginning at 2:00 p.m.
the following properties will be auctioned off:
3/4 Rooms 87m
121 rue de Turenne
75003 PARIS 3eme
Starting Bid: 577 500,00
Deposit: 115 500,00
2 Rooms 42,30m
127/127bis rue du Ranelagh
75016 – PARIS 16eme
Starting Bid: 220 000,00
Deposit: 44 000,00
4 Rooms 64,4m
5 rue Csar Frank
75015 PARIS 15eme
Starting Bid: 562 500,00
Deposit: 112 000,00
3 Rooms 63,7m
40 boulevard Exelmans
75016 PARIS 15eme
Starting Bid: 287 000,00
Deposit: 57 400,00
**Next Auction December 16, 2008**
8 rue de la Bergerie
Lieudit Le Village
Starting Bid: 76 225,00
Deposit: 15 200,00
LEASEBACK NEWS FROM IMOINVEST
France, Mediterranean Coast, Cannes
Threee-Bedroom Estate 85m 543,000
EXPECTED RENTAL INCOME UP TO: 6.00%
Gated historic building 30 metres from the beach and 500 metres from the old port of Plages du Midi on the French Riviera. Surrounded by lush tropical gardens, with the Lerins Islands and the Sea to the East and the Esterel mountain chain to the West, this elegant residence offers collective outdoor parking, which is a very rare advantage to have in Cannes. This spacious 3rd and top floor 3-bed apartment boasts a cosy fireplace and offers incredible views. This address offers complete tranquillity even though the heart of the city is just minutes away. Great investment opportunity for seasonal lettings with the Palais des Festivals convention center near by.
– High rental demand for 3 bedroom apartments
– Rare parking space in the centre of Cannes
– The beach at your doorstep – Great Art Deco Architecture
– Charming sea view
When you make a purchase as important as a piece of real estate in a foreign country, you want to know that you can trust the people you are dealing with. Adrian Leeds has developed a network of professionals that meet only the highest of standards. With the expertise and experience of Adrian and her team, you can depend on getting the best advice and support to feel completely confident that you are making an informed investment decision.
HELPFUL CONVERSIONS FOR REAL ESTATE
1 square meter = 10.7639104 square feet
1 hectare = 2.4710538 acres
For more conversions, refer to: http://www.onlineconversion.com/
Welcome to your home in Paris. Home is how you will feel in a private apartment in Paris that has the "seal of approval" from Parler Paris Apartments and me, Adrian Leeds.
Parler Paris Apartments offers high quality accommodations to make your stay in the City of Light as enjoyable and memorable as possible. We at Parler Paris know each and every apartment owner or manager personally, and stand behind the quality of those we represent. We understand your needs and desires, all the small details that make a rental apartment a warm and welcoming home – and a much better alternative to an impersonal hotel!
Parler Paris Apartments is administered and serviced by the same great team as Parler Paris, French Property Insider and French Property Consultation. You can trust that Parler Paris Apartments and all those with whom it is associated will do their best for your 100% guaranteed satisfaction.
Les Portes de Notre Dame
Rue des Trios Portes, 5th Arrondissement, One-bedroom Duplex Apartment, Sleeps up to 4
Les Portes de Notre Dame is a charming and spacious one-bedroom duplex apartment centrally located just one block from the Seine and only a few steps from the cathedral of Notre Dame.
Another one block away to the west is the oldest church in Paris, Saint-Julien-le-Pauvre, which marks the beginning of the busy pedestrian streets of the Latin Quarter. The city’s oldest tree is in the park adjacent to the church. Two blocks southwest is the legendary intersection of the Boulevard St. Michel with the Boulevard St. Germain.
In the other direction, also just one block from the apartment to the south, is Place Maubert, famous for its frequent open-air markets. The location is so ideal, that many of the city’s most famous sites are within easy walking distance — the Panthon, rue Mouffetard, the le de la Cit, the Louvre, the le Saint-Louis and the Marais.
The apartment is located on the rue des Trois Portes, a street which dates to 1202. Surprisingly, there is very little vehicular or pedestrian traffic on the street itself, making the apartment remarkably quiet. Located on the second and third floors (European, with elevator) of a traditional 17th-century building, the apartment is bright, looking south to the picturesque corner of the rues LaGrange and Dante.
The apartment has a secure digicode entry system and separate entrances on each floor. An antique circular staircase links the bedroom on the lower level to the living/dining/kitchen on the upper level. Each level has a full bathroom. The bedroom offers a king-size bed and in the living room, a full-size sofa bed offers additional accommodation, making this an ideal unit for one or two couples or a small family up to four. Because of the circular staircase, children under 4 yrs are not permitted.
Come for a drink and to meet and chat with other readers in Paris…
The next gathering is Dcember 9, 2008 and every second Tuesday of the month.
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