• Nature of the purchase
• Investing in Real Estate
• Consulting
• Clerkship
• CDI
• Property search
• Reserve
• Bill of Sale
• Rents
• Term rentals
• Taxes
• Stamp tax
• Valuation

Nature of the purchase

The nature of the purchase should be considered a preliminary to any acquisition in real estate. In reference to this purchase shall be made by it to be an investment and its chances of rent or resale (as applicable), or that it is even homeownership. When a property is bound to the purchaser family accommodation or your household will have to consider the location and profile of the neighborhood, particularly considering their dominance in that area is purely residential, or mixed (residential and commercial), with activity Food, entertainment, or universities and access roads and transportation, among other variables. Mostly known neighborhoods such as the tourist Recoleta, Barrio Norte and Palermo, does that focuses on properties whose values are higher and lower dimensional surface, contrary to other areas that are not what the tourist haunts and meet attractive features in which you can become more comfortable, larger areas with better development project to the same or similar price as in the areas mentioned at the beginning.

Investing in Real Estate

When it comes to investment property, the average price per square meter in the City of Buenos Aires is very attractive because it differs scale of the value of both properties in major cosmopolitan cities of Europe and the United States.

Some investment alternatives are bound property rentals: In which acquired the property and remodel and equip it to lease to other tourists or employees of expatriates coming from their countries of origin among other destinations. Usually in these cases it is temporary rentals.

The target of tenants looking for properties such inter alia:

Surfaces easily manageable, with service areas in the building, located in areas with easy and safe access and close to downtown and proximity to areas with nightlife and gastronomic.

Rents to 24 months is the minimum period that law foresees Argentina for those temporary contracts than generally applies to larger properties and in which the tenant will have a rooting medium to long term. In these cases the suggestion almost always focuses on the search of the property in a downtown neighborhood. Here the equation is simple, there will eventually be a higher income but the purchase price of the property will also be higher. Although a rental 24 months is less profitable than temporary because the value is set otherwise, will also be better and easier administration since the 24-month period will always be the same tenant and property maintenance will make the same as well as who will pay the taxes, fees, expenses directly.

To achieve a successful investment, make sure you do a little research about which neighborhoods or areas are in growth or development process, be surprising that areas that were up to five years were inhabited only by residents of Buenos Aires, today are tourism boom. Buenos Aires, offers surprises that after the anchor of certain investment projects by major developers faced Argentine literally changed the area completely and opens a new pole both residential and housing.

There are few examples out there of this reality, it would reach up to remember what it was fifteen years ago the area of Puerto Madero, Cañitas, Abasto, Villa Crespo, Almagro, Palermo, Palermo Hollywood and Barracks to give full demonstration of these phenomena taking place in this city.

Consulting

When planning or making a real estate transaction in Argentina, it is very important to have your trusted advisors. Require the recommendation of friends, or people who have already done this type of operation or referencing both the estate and the professional who will assist.

Broker: A real estate agent in Buenos Aires charges a 4% commission on the sale or purchase of a property.

Clerkship

Is that legal professional advises the parties and deals review all documentation relating to the history of the property, your debts, the registration status of the seller and the property that intervene in the conduct of the public to the transfer of the property. The fee is perceived between 1.5 to 2% of the purchase price. It is important to ask the proforma invoice deed in which also the charges and taxes retained by the clerk. Fees may be higher in the event that you require additional (eg additional instrumentation clothing, records, etc.).

CDI

Is self-registration of the foreign buyer to AFIP allowing you to acquire the property, in which will be registered for tax payment.

Certificate of Residence.

This document proves that you are residing in Argentina, and is mostly a formality to have an address to put in a certificate CDI current address, as it allows to place the address of a hotel. To obtain this certificate, you need to go to the police station that corresponds to your home and ask for proof of residence, pay an approximate amount of ten pesos and give the direction you want to put in their ID.

The next day, a police officer will come to your home and give you the certificate, so be sure to stay in your residence to receive it, because otherwise the process will start again from the beginning. They did not deliver the certificate to any other person, since they must prove that you are who live there.

AFIP (intraday)

Now that you are in possession of the certificate of residence, you can go to the AFIP (Federal Public Revenue Administration - Federal Tax Administration) that corresponds to the place you have in your Certificate of Residency. There will have to be patient and wait, but you will receive your document on the day. You must bring two copies of your passport, and if your Spanish is not very good, you can get help from a friend to assist you to translate some questions of the form to complete.

Then go to the main desk and ask for the form of identification. You will be given two copies which will be completed with the same information.

When you finish filling out the forms, take a number and wait to be called. Hearing his name, delivered: the two copies of your passport, original passport and two copies of the complete identity. If everything is in order, they will fill your document number in one of the forms, seal them, and give the form. Another copy will be saved, will return your passport and let you go with your new document number (CDI number).

Property Search

The search of the property may be done by different means: Internet, in newspapers classified sections such as La Nación and Clarín (they even both have their Web situal) or just walked in the neighborhoods in which they can warn the posters of the property in which is recorded the sales situation and the agent's phone that is intervening.

Reserve

• The reserve is the instrument through which you once chose the property will "supply" with the realtor. Leave in order to reserve an amount equal to 5% of the transaction and there you must provide all of the issues that are of interest and relevant to make the purchase, such as the amount and mode of payment, scribe intervene, how to pay the expenses, taxes and fees, the date on which you want to perform the operation, etc. Take that instance to make it clear how you want to carry out the business.
• The estate will offer the owner and if it is accepted (see it is made: that is signed by the owner) before moving forward.
• Eventually, if the owner does not accept the offer, the realtor will forward the conditions that the owner does not accept and you may choose to negotiate or request you return the book.
• If the conditions of the reservation you made are accepted by the owner and you do not go ahead with the operation lose all amounts that would have left the property.

Bill of sale

• If there has been agreement between the owner and you regarding the reservation subscribes instrument called the Bill of Sale, you should already be there prior to the firm advised by counsel and / or scribe their confidence.
• Usually, this instance is payable in 30 percent of the sales price, and if the ticket is delivery of possession, this amount can be up to eighty-five percent of the price.
• It is at that time that the agent also charges the agreed commission.

Rent

• The standard lease for Argentina's legislation for 24 months minimum term housing as established by law, there are even projects to extend the minimum period. Recipients of such rents are Argentines living in the country, or in many cases foreign expatriates by companies to develop their work in Argentina. Under this system tenants have to stay at least six months in rented accommodation, and then if they want to terminate their contracts in advance can do so by paying a penalty to the owner of a month and a half of the rental value of the month if it passes 7 to 12 inclusive, and if after that, the penalty is one month.
• Warranty guarantees are requested individuals owning real estate, this does not imply in any way that consitutuya offering property as collateral any imposition, but rather a personal guarantee, where the guarantor exhibiting property shows that has assets and solvency to respond to the failure of the person who rented the property. Sometimes they are the same companies that rent for executives who guarantee. There is also the figure of the rental guarantee insurance is another alternative. The warranty evaluation and the guarantors is done in the first instance requesting certificates to report the status of the property and who will be the guarantor.
• One advantage of the holiday 24 months is that the initial investment of the property need not be as large as that of temporary rent because the tenant takes the property for an extended period which usually makes small renovations and upgrades of the property . Tenants will also provide their own furniture and utensils, for example. This means great cost at the beginning of any investment in temporary rentals. In this type of rentals within the obligations provided for the tenant is paying the ordinary expenses (which are the usual and customary) and payment for water services, electricity, telephone, and sometimes even the tax property. importantly, beyond the payment of these concepts are payable by the tenant, the landlord has to control it because it is still responsible both to the consortium of the building and other agencies.
  

   

   

  Term Rentals
  • Bring temporary vacation after significant initial investment that best monthly income for 24 months. Properties temporary purposes need more involvement and commitment 24 months, but this can be left in the hands of a trusted real estate agent will charge a percentage of the money you take out of your property.
  • Agreetment to 6 months
    The maximum duration for a temporary rental is 6 months, after which, the contract should be renewed if the tenant wants to stay. The rent is paid in advance, as tourists coming to the country often do not have anyone who can act as the guarantor, putting the property at risk of not getting all payments of rent, if a deposit is usually important to address any issue.
  • Contract hire just one week
    Some rent their property for just one week, or even days. This money will also be paid in advance, and as the person / s is / are staying for a shorter time, the rent is a bit higher than if the tenant / s had stayed for a month or six months.
  • Must be furnished 
    It is very rare that someone wants a temporary rental property that is not furnished, so it is a must offer duly furnished, especially for temporary rent luxury. As sure nothing will break, the tenant must leave a deposit to the landlord or agent will be retained until you leave the property. If at all there is damage, the landlord has the right to take the money to repay the damage deposit.
  • Provide wifi, phone, cable, TV, etc.
    As the property is proposed to be a kind of temporary home or a more spacious than a hotel, you need to include Internet, cable and telephone line for the tenant can feel comfortable.
  • Location 
    The location of the temporary rentals is very important. They should be located in neighborhoods like Recoleta, Barrio Norte, Palermo Withdrawal or; near tourist areas and transport. The building should be quite modern, and if the property is in a raised floor, you must ensure you have an elevator so that the tenant does not have to climb stairs. It will be very attractive to many who have a nice view. If the property is on a high floor, will help you have less street noise, which can be very upsetting if the property is close avenues.
  • The owner needs to pay the bills and provide the tenant utensils and towels
    One of the main differences between temporary rental and rent 24 months is that in the former case, the owner is responsible for paying all bills and expense of the property. This is something that needs to be taken into consideration when calculating the ROI of a temporary rent and deducted the total monthly gain will bring the property.

  One of the reasons why people would want to track a lower selling price is to pay less property taxes, as these are calculated partly on the purchase price of sitting on the title of the sale.

  Taxes

  The property ABL pays a rate that is a municipal-type rate (Government of the City of Buenos Aires). Pay is bimonthly and its value is set based on the value of having the property appraised for the government. Generally round by 1% the value of the property. You can pay annually in advance.

  Stamp Tax

  Another expense to consider is the stamp tax. According to a report by the Chamber of Notaries of the Capital, clause 1 of Article 355 of the Tax Code of the City of Buenos Aires has this year in housing cases only, the stamp tax exemption when the assessed value shall or the value of the transaction, whichever is greater, not exceeding 360,000 pesos, having tributarse that tax (2.5%) only on the excess of such value, must pay both equally involved, ie, 1.25% each.
  NOTE: Note that in order to have the benefit of this tax exemption buyer must not have any property in her name in Florida, and must testify under oath that what you buy is your only family housing housing for permanent use.

  Valuation

  Is the value of your property will be allocated different estate agents, as there are objective parameters and subjective type of who rate the differences if well made can roam from a ten to fifteen percent of each other. If the differences are greater then must apply any more or dismiss any of the property that had priced differently.
   
  IMPORTANT: Esta guía ha sido confeccionada en base a nuestra experiencia en el mercado, y entendiendo que son algunas cuestiones que usted debe conocer para empezar a buscar asesoramiento. Como se expresó desde el comienzo, Usted debe conseguir el asesoramiento pertinente porque cada inmueble, cada comprador y cada operación tienen su propia particularidad.

  Source: http://www.gamapropiedades.com Traslated by Strategas