Renting before buying

Reducing the risks

As when making all major financial decisions, give yourself time to think before buying a property in France and avoid doing something you might regret later.

Unless you know exactly what you’re looking for and where, it’s best to rent a property for a period to reduce the risk of making a costly mistake, particularly when you’re planning to buy in an unfamiliar area.

This is even more important for those planning to set up a business in France, when it isn’t advisable to buy a home until you’re sure that your business will be a success. Renting long-term before buying is particularly prudent for anyone planning to live in France permanently.

If possible, you should rent a similar property to the one you’re planning to buy, during the time(s) of year when you plan to occupy it. The advantages of renting include the following:

On the other hand, the disadvantages of renting should be taken into consideration, including the following:

If you’re looking for a rental property for a few months, you may need to rent a holiday apartment for a week or two to allow yourself time to find one that suits you.

This article is an extract from Buying a home in France. Click here to get a copy now. © 2003-2020 Just Landed