If you’re a foreigner who owns property in Romania, it’s quite likely that you’ll be looking to rent it out, to earn yourself a neat profit. Familiarizing yourself with the Romanian tax system before you begin renting out a property in the country is crucial. Knowing how much you will have to pay to the state will help you get a better idea of how much rent you should charge your tenants, in
When you’re looking to invest money, you have two main options - real estate or the stock market. The question is which is safer and which will generate the most return on investment (ROI). Also, you need to think which of the two is more accessible to you. You can just as easily buy some stocks or a property, but understanding how the stock market works is not for everybody, whereas anyone
1) If you're not a Romanian citizen, you must obtain tax registration number NIF Any foreigner is allowed to buy an apartment or house in Romania, but things are easier for EU citizens, who can also own land in Romania. A real estate transaction involves paying a number of taxes. In order to do so, a foreign citizen must obtain a tax registration number, called NIF. This is the equivalent of T
Remove Your Favorite Furniture When a buyer walks into the house they might be quite taken with the antique sideboard in the dining room. It would be a pity to disappoint them by telling them you’re taking it with you. It is totally understandable, but it creates a let-down feeling. The house won’t seem as nice if they hear it doesn’t come with an exquisite piece of furniture they saw in th
Who must obtain a NIF? Romanian citizens do not have a NIF, as they use their personal numeric code (CNP) attributed at birth and mentioned on their ID, for tax purposes. As far as foreign citizens are concerned there are two types of situations: If a foreign resident applies for and obtains a residence permit they do not need to also get a NIF. EU citizens who obtain a registration c
The real estate market, like all the economy, took a serious hit from the 2020 pandemic and we don’t know what lies ahead. Investing in real estate is always a good choice, people need housing no matter what, but you must be very wise about it. Here are five essential rules to guide you through these difficult times. Study the market and keep an eye on it Real estate is
If you are planning to relocate to Bucharest and need a place to stay, H Pipera Lake Residential Project might be just the thing you need. A brand new home in a brand new exclusive community, offering you the best living conditions anywhere in the Romanian capital. Here are just a few reasons why H Pipera Lake Residential Project is a wonderful choice for someone moving to Bucharest or looking to
A fire can destroy your house in a matter of minutes so you need to take every precaution, especially if you live in an area that is prone to wildfires. Here is what you need to do to keep your home and your loved ones safe. Create a Barrier Around Your House If there are wildfires in your region every year or so, this is a no-brainer, but keep in mind that fires can also spread from your neighbo
Buy-to-let real estate is a kind of investment that works pretty simple: you buy a property and rent it in order to make money from the tenants. Whether it is a residential house or a commercial space, buy-to-let investments have been common practice on the real estate market for decades. You might want to choose this kind of investment since it seems much safer than, say, stocks and shares, it
Homes are our comfort places, our safe haven, and our relaxation hub at the end of every day. And when it comes to maintenance of our homes, we have to make some tough decisions as well. This includes the decision of renovating the house; whether you are willing to take this responsibility in your own hands or opt for a professional service? To understand this idea and responsibility better, it is
Renting your apartments to college students is one of the best ways to earn money as a landlord. This is especially helpful if your property is near to the area of the college campus; so, in case you are looking for tenants and possible candidates, there are some things you need to keep in mind before looking for renters as well as to know what problems you might face later. Common Qualities of t
Initially you may consider yourself a handy-person for property repairs or that you have the time to deal with what you might imagine are the possible requirements of a landlord. Perhaps also, you live close to the investment property and feel you can respond quickly and effectively to any needs of the property, or tenants. However there are five key factors to consider before you take on this n
Appliances Remember now, new does not always mean better, most important is to ensure each appliance is working. Now is not the time to be shy, do ask to see that all appliances are operating. Make sure the oven works. Ensure each element on the stove is operating correctly. Ensure the oven is connected to the gas supply. Is there an extractor fan above the stove? Is it functiona
If you decide to spend some time in another country (meet new people, discover another culture) while continuing your studies, it’s good to know that there are over 30 countries where you can go. Romania’s capital, Bucharest, is a great choice to consider. Just contact your university Erasmus bureau and you shall get all necessary info, including application and admission. You will not be w
Living in Bucharest can be quite rewarding, as you benefit from all the amenities of a modern capital, but you also need to be prepared to see all the rocks ahead, as, like most big cities, Bucharest has a bright side and a darker one. But do rest assured that some research can spare you of seeing much of Bucharest's downside and will help you enjoy a safe stay, no matter if it' a s
Although there are many things to say about apartment insurances, their overall benefits are undeniable, just compare it with your car insurance, think of all the troubles you can get in the case of not having it insured and that's one viable reason why you should consider looking into insuring your apartment. Because it's not only about what you can do wrong, but also about your neighbors, natura
There are several factors you need to take under considerations when renting in Bucharest beside your own desires and expectations to live in a house or an apartment. Both choices come with their specific benefits and drawbacks and we will try to offer you some guiding lines to help you made up your mind. Let's take, for example, Bucharest District 1 (Herastrau, Aviatorilor, Primaverii, Doroban
Boiler vs Central Heating. Advantages and disadvantages of each and how it effects apartment price. As far as the heating of your house goes, you must take into consideration several things that will directly hit your budget: type of heating, surface of your home and type and quality of the layer of insulating material utilized. As first step you may want to check with the constructor or with
So, if you`re about to move to Bucharest, here are some useful facts that you should know and that can help you start your new life in Romania. First of all, consider arranging as much as you possibly can before you actually relocate to Bucharest, as it will be easier for you to just deal with your new house/apartment and getting around in the city. So, first move: find yourself a real estat
Romania has not experienced high level earthquakes in the past few years, with the most devastating one taking place in the 70s, but a recent discovery made by the authorities has shown that almost 400 buildings are under a seismic risk in the city alone. Bucharest is known as one of the capitals with historical buildings everywhere, with a few locations thriving upon this (the Old Town as an exam
Bucharest Apartment is the ultimate website for short and long apartment rentals in Bucharest as well as for finding the best boutique hotels and hostels for your stay in the Romanian capital city. If you are looking for an accommodation solution, whether this is for a few days, a few months or longer, you can use the website in full confidence.
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