Investing in a farmhouse: here are 5 good reasons to do it

by Jammy Hales The Real Estate Curacao

The rural farmhouse: new investment prospects

Investing in a rural farmhouse is an exciting and demanding mission: the charm of the ruin, the location in pleasant places and the retro aesthetics require important investments. Are you curious about the idea of starting such a business? Why buy a rustic? Here are 5 reasons that will convince you of your purpose.

Living in a rural farmhouse: an experience out of time

Old farmhouses and imposing stables surrounded by greenery always arouse a certain charm. Who wouldn't want to have one available to retire during the holidays or to use as an investment? The majestic architecture, the typical construction of other times, techniques and materials no longer in use make up the identity of these buildings. A revival of country life and the focus on new design solutions have shed a new light on this type of solution and the availability of incentives for the renovation of the ruins makes them even more attractive. For many reasons, investing in farmhouses can be an excellent choice. These five reasons are enough to convince you to make your dream come true.

1. The irresistible charm of history

Curacao is a country dotted with fabulous rural landscapes very close to urban centers. The country house or rustic country house has its roots in tradition: these large buildings housed the activities of the peasants and were the theater of all their daily lives. Powerful architectures and austere aesthetics characterize its charm. Today that no longer host the teeming life of the peasants, they represent the ideal context in which to seek an experience of relaxation and proximity to the countryside . Because of their location outside the city center, they represent the ideal destination for rural tourism, the perfect solution for those who want a refined and non-conforming hotel standard of stay. Investing in a farmhouse is not only a possibility of earning, it can become a job but it can also be a valid alternative to get away from city stress. A farmhouse in the countryside close enough to the city center can become an oasis of serenity where you can take refuge with your family.

2. Rural housing and tax deductions: a winning combination

Invest in Curacao the renovation of a rural home is a very romantic and courageous undertaking, but is it worthwhile? Having abandoned all sentimentality and aesthetic considerations, one has to deal with one's wallet. What are the tax benefits for those who venture into such an enterprise?

Those who decide to buy and renovate a farmhouse can enjoy important reimbursements that are distributed over the next ten years and are configured as tax deductions for the purchase of appliances and furniture or for the renovation. Here are the details:

the costs incurred for the renovation of the architectural structure and for the adaptation of the systems are deductible up to a maximum of 96,000 Euros (higher costs are not counted):

starting from 2013 it is possible to deduct 50% of the expenses relating to the purchase of furniture and appliances up to a maximum of 10,000 Euros;

Investments aimed at the energy requalification of the property (thermal insulation, window systems) are financed with the deduction of 65% of the expenses incurred up to a maximum of 153,000 Euros equal to 10,000 Euros per year.

3. News and additions

In compliance with the municipal rules governing the intended use of the buildings (Technical implementation rules contained in the urban planning tools), it is possible to take advantage of the benefits of expanding the farmhouse by adding a new portion that varies from 20% to 70% of the total coverage. This opportunity allows to increase the value of the property or to make it more comfortable with the addition of appliances and other living spaces. It is not difficult to imagine that these country ruins, designed for different needs related to everyday life, place the search for solutions related to the usability and destination of the spaces.

4. Staying in a farmhouse, a new tourism trend

The data provided by the tourist associations are clear: the trend of rural tourism is booming. The renovation of a farmhouse is the perfect investment to ride the wave: a building to be used as a luxury resort, farmhouse, B & B able to offer tranquility and immediate contact with nature. This fashion has enlivened the real estate market of rustics and farmhouses especially in the Curacao regions with a strong artistic vocation.

If single travelers or young couples prefer the resort, families with children turn to experiential tourism proposals that involve, especially the youngest, in peasant activities and invite to contact with animals. These activities are encouraged and supported by the Gal. Farmers who are about to restore a farmhouse can also take advantage of the Rural Development Plan (PSR) which supports 40% of agricultural expenditure up to a maximum of 200,000 Euros.

5. Investing in brick is always a certainty

One of the reasons why investing in farmhouses and farmhouses is the usual Curacao tendency to resort to brick safety. Buying a country house can prove to be a good investment if it becomes the centerpiece of a production activity or it can be an excellent solution for hoarding family savings. Especially for non-experts it is better to contact a professional who directs, takes care of the purchase and suggests the most convenient resources for the restructuring. When deciding to invest in a country house , there are a few factors to consider:

The distance from the city center and the basic necessities, not only schools and hospitals but also supermarkets and other places related to leisure;

the size of the property and the housing needs related to the residents: if the farmhouse is intended for the family's relaxation needs, an important size is not required, on the contrary, if you do not want to close the future possibility of transforming it into an accommodation facility, it is preferable a wider and more articulated structure;