My Name is David and my wife and I are early in the process of buying a house in southern France, somewhat near Toulouse.
I am doing as much research as I can, and we are trying to go into this process with our eyes open. Still, it is early, so I have many questions…
We are searching for a house that can be rented most of the time and visited by friends and family once a year or so until we retire, which is less than ten years off. We do not want to sink our life’s savings into this home, and indeed, it needs to “carry its own weight” financially, at least for a while. Our hope is to keep the cost of the house and renovations to less than 175k euros, so that we do not need to ask for as large of an amount per night for renters in order to cover the carrying cost of the home.
My hope is to find something with at least one other building on the property that can be made into an apartment for a caretaker that can live there full time, while the main house remains available for the purpose described above.
I understand that any renovation is costly – ranging from 450 euros to over 100 euros per square meter. What I am wondering is more about the potential of finding a caretaker. Is it something some of you have done? I was thinking that we would have to offer the space for the caretaker on a rent-free basis. Is that an attractive enough incentive for having to occasionally check people in/out?
Or is this all just wishful thinking? Even if it is, I would love to gain the perspective of those that have made the leap. Any feedback will be welcomed.