A SOLID PLAN & DUE DILIGENCE
Economy
Investing in real estate in the EU offers several advantages that make it attractive compared to other regions of the world. These benefits include the EU’s political and economic stability, well-developed legal systems, and a liquid real estate market that makes it easier to trade properties.
Furthermore, EU countries offer strong currencies and economies, high quality of life, and are popular tourist destinations, which increases the demand for real estate, especially for vacation rentals.
The EU’s focus on environmental and building standards ensures high quality real estate investments and contributes to sustainability. Finally, the EU’s rich history and cultural relevance is attractive to investors seeking unique or prestigious properties.
CASA12 has years of experience in property management, minimizing the risk of unexpected financial surprises.
Common expenses cover all operational costs, including local taxes and administration fees for CASA12. Additional costs include cleaning and consumption of electricity, water and heating for each stay, as well as your own share of property value taxes in Denmark.
The common cost does not include funds for major maintenance. CASA12 offers to draw up a maintenance plan for the property so that the association can possibly allocate funds for this. 10% of operating costs are set aside for maintenance savings in the property. So it’s only extraordinary maintenance costs that will be in addition to operating costs.
Each family pays one year’s common expenses to the association by subscription as security in case a family stops paying current expenses. The amount is repaid upon sale of the share.
Any upgrades or improvements to the homes are decided through a vote at the general meeting, and work only begins once the necessary additional deposit has been paid by everyone.
The homes are fully insured, but as with any property, extraordinary expenses can occur. Being part of CASA12 means these costs are shared between 12 families, increasing financial security.