The Seven Steps to Your Own Pied-à-Terre
You may recall that last year I took my own advice and with an equity release from the apartment I own and live in, purchased a sweet little studio apartment on rue Charlot. At a mere sixteen and one-half square meters, it’s just large enough to accommodate a small, but complete kitchen including a washer/dryer, a bath with shower, built-in storage, TV/DVD/Internet/VOIP phone (free to 49 destinations worldwide) and all the luxuries of home. Three windows facing the courtyard with southeast exposure allow for the light to pour in, but the noise to stay out.
Over the summer I had it completely renovated working with a contractor I trust and a friend who is an expert “mosaiiste” (mosaic artist) to create the most charming and inviting 16.5 square meters one could possibly imagine in the heart of Paris. Following a Provençal theme, it was decorated in multi-colors and outfitted to a standard of luxury.
Last September, it went on the rental market after three months of renovation and decoration. A 50% occupancy rate is all it needed to more than cover the mortgage and expenses, but the return has been considerably more! Since September 7th and through June 15th, the occupancy rate is currently 83%! Proof is in the availability calendar when you visit the site at /parlerparis/apartments/rentals/provencal.html.
Now, I’m about to take my own advice, again, although I’m not sure it’s the advice I’d give YOU. I discovered a small studio apartment in my own building with a skylight, mezzanine and a large terrace overlooking the street that had never been recorded on the deed and therefore never assessed by the homeowners association. The elderly man who owned it had sold it as a “viager” — which gave him the right to hold the lease until his death. The man who bought it from him died, leaving it to his heirs along with a considerable amount of tax. The heirs released the rights to the property to the State and that’s where I came in. It has taken over a year and likely will be several months more, but after several rounds of offers, the State excepted an offer (estimated at a lot less than the current market value) and eventually (fingers crossed), the apartment will be mine.
A viager has a built-in set of issues and problems, so no doubt, everything about this acquisition will be difficult. This is why, as I said, I’m not sure it’s advice I’d give YOU. And that’s the point of this message today: ADVICE
Purchasing property in France is riddled with land mines and pit falls. Without proper advice, tripping up is not only easy…it’s to be expected. So, my advice to you…is to get good advice.
Good advice is usually very expensive,
but also worth every penny.
Today, we’re going to make it FREE.
Between now and March 11, 2007, when you subscribe toFrench Property Insiderfor two years ($79.50 — less than 80 cents an issue) or renew your current subscription for just one more year ($49.50 — 99 cents an issue), we’re going to make it possible for you to get good advice absolutely free!
Learn the “Seven Steps to Your Own Pied-à-Terre”
from me and the French Property Consultation team
live and in person!…
First, anyone from anywhere in the world can participate in our FREE One Hour CONFERENCE CALL on Sunday, March 11, 2007 at 7 p.m. Paris Time (1 p.m. Eastern Time, 11 a.m. Pacific Time). You’ll be given a Toll Free U.S. or Direct Dial access number so you won’t be calling long distance to France!…but we’ll all be there with you to give you an introduction to the Seven Steps to Your Own Pied-à-Terre, then you’ll have an opportunity to ask questions about living, investing, or purchasing property in Paris or France. This is your chance from wherever you live to learn more about how to make your dream to own a property of your own in France come true!
Second, if you’re here in Paris, then you will be one of the fortunate few to join us for a one-and-one-half hour GROUP CONSULTATION with me and the French Property Consultation Team on Thursday, March 22, 2007 at 6:30 p.m. at La Pierre du Marais, Paris, France. Live and in person, we’ll give you an introduction to the Seven Steps to Your Own Pied-à-Terre then as with the conference call, you’ll have an opportunity to ask our team of experts all your questions about living, investing or purchasing property in Paris or France.
When you subscribe to French Property Insider, a weekly electronic magazine (e-zine) devoted to educating you on how to effectively, efficiently and profitably purchase property in France, you will also be getting really good advice at a big bargain.
Every issue (50 per year) is packed with information…
* How to find great properties in Paris and France…
* How to structure your real estate purchase…
* What pitfalls to look out for…
* How to work with your “Notaire” (property attorney)…
* How to minimize your capital gains tax obligations…
* How to earn a profit from your French properties…
* Plus how to build a rich and fulfilling life in France.
French Property Insider also contains listings of apartments and homes for sale as of each writing — that provide a sampling of what’s on the market at the time. Property prices are reported regularly — as often as the Chambre de Notaires updates them (quarterly). New laws and changes to existing laws are brought to light. The ins and outs of purchasing specialty properties, such as the “viager” or “1948 rent controlled” apartments is often on the roster.
You’ll also find articles on culture and lifestyle to help you learn those important things necessary to “fitting in,” wherever you choose to rent or buy.
It’s all at your fingertips…every single week!
And today we have this special double offer just for you —
just to take my advice.
Let me assure you that with your subscription, you will receive FREE reports to help you make your dreams of living or retiring in France a reality…
“The Paris Property Report”: Designed to answer all your questions about buying in Paris…
And…”The French Leaseback Program: Are Leasebacks for You?” This report gives you the background and history of the program, the ins and outs, ups and downs, pros and cons — the truth about the French Leaseback “scheme.”
Plus…as a subscriber to French Property Insider, you will be invited to run FREE 3 months of online classified text ads on our Web site or 3 FREE text messages inside the weekly newsletter. You can use your free ads to advertise a property you have to rent or to sell.
Plus…as an FPI subscriber, you’re entitled to a special discount price on our highly informative electronic Insider Paris Guides!…the “Insider Paris Guide to Good Value Restaurants,” online since 1996!; the “Insider Paris Guide Living in France” by Jean Taquet with more than 200 questions from real people and all the practical answers for Living in France; the “Insider Paris Guide for Expat Writers” by Elizabeth Reichert, for novelists, journalists, poets, dreamers, and doers alike! And the “Insider Paris Guide to Black Culture” by Melinda Herron — the first guide of its kind, totally devoted to Black Paris.
So, take my advice…
Searching for the perfect piece of French property isn’t easy. With no MLS service, so many agents to see, the language barrier — it can be grueling. You can spend days and weeks searching for your dream property and still come up empty handed. But French Property Insider can make this difficult job much simpler.
Remember, between now and March 11, 2007, when you subscribe to French Property Insider for two years or renew your current subscription for just one more year, we’re going to make it possible for you to get good advice absolutely FREE!…the CONFERENCE CALL and the GROUP CONSULTATION.
Ridiculous, isn’t it? But, best of all, you will have all that great advice from your weekly French Property Insider newsletters for a real bargain.
For the lover of France…the would-be French property owner… the dreamer of a new life in this glorious country…it doesn’t get much better than this. For a pittance, you’ll get the CONFERENCE CALL, the GROUP CONSULTATION and all the services and benefits I’ve described, including opportunity-packed and informative issues of French Property Insider.
Right now, and only until March 11th the opportunity is yours. Take my advice. Don’t delay.
New Subscribers…click here to subscribe!
Current Subscribers…click here to add one or more years!
It’s that easy — and you’ll be on your way to making your dream come true! Become a subscriber today.
A la prochaine…
P.S. If you wish to attend the Live and In Person Group Consultation on March 22, 2007, but do not wish to subscribe to French Property Insider, the entry fee is 50 euros payable at the door. Seating is limited, so reserve your place now!: [email protected] or subscribe and get it all! Click here.