Lifestyles have changed to such an extent that many Brussels houses no longer meet today’s needs. They are too large and difficult to make profitable for owners wishing to let them out. When it comes to selling, the problem is often the same!
Many decide to divide the house into flats. However, it is not that easy! Permission to subdivide a property is not easy to obtain, and what is approved does not always match what you had in mind, affecting the profit you hoped to make.
Many standards must be met in terms of floor area, lighting, fire safety, mandatory communal areas, etc.
As is often the case, the administrative procedures are very lengthy, and the willingness of the issuing authority is crucial in this type of situation.
The simplest solution is to opt for a house share. Despite the reluctance of some owners, house sharing nevertheless offers advantages.
Firstly, the house retains its status as a single-family dwelling, so there are no specific procedures to complete, nor any administratively (and financially) burdensome works. Secondly, it is easier to maximise the value of your property by letting it as a house share rather than to a family. Indeed, housemates share the rent, unlike a family, making it possible to achieve higher rents. Furthermore, the rental void is often shorter than when trying to let the property as a whole. Lastly, as the sources of income are diversified, this provides a certain level of security in terms of rent payments.
If you would like to learn more about the latest developments in the property sector, we invite you to browse our blog, which is packed with interesting articles. And if you would like to daydream a little about properties, view our available properties.
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