Many reasons to invest in this property: 1. **Strategic Location**: The proximity to the center of Funchal and essential services, such as schools, supermarkets and public transport, is a great advantage. This not only makes everyday life more practical, but also increases the value of the property in the long term. 2. **Outdoor space**: A backyard offers a range of possibilities, from creating a garden or vegetable garden to building leisure areas such as barbecues or swimming pools. This additional space is a significant differentiator, especially in urban areas. 3. **Customization Opportunity**: Renovating a home allows the new owner to adjust the space to their specific needs and tastes, from the distribution of rooms to the choice of materials and finishes. This can result in a more functional and aesthetically pleasing environment. 4. **Benefits in Urban Rehabilitation Areas**: If the house is located in an Urban Rehabilitation Area (ARU), the owner can have access to tax and financial incentives for renovation, which can significantly reduce construction costs rehabilitation. These benefits are an added difference, making the investment even more attractive. 5. **Ease of Access and Parking**: The possibility of parking is an important benefit, especially in dense urban areas where finding parking spaces can be a challenge. This also increases comfort and convenience for residents and visitors. 6. **Potential for Investment in Tourism**: In addition to being an option for residence, this house also offers an excellent opportunity for those who wish to invest in the local accommodation or hostel sector. The location in Funchal, a popular tourist destination, is ideal for attracting tourists looking for convenient and comfortable accommodation. 7. **Space Adaptability**: The need for renovation allows the adaptation of spaces to meet the specific needs of a local accommodation or hostel. This includes the creation of multiple bedrooms, common areas such as common rooms, shared kitchens, and even the inclusion of backyard leisure spaces such as outdoor seating areas or barbecue grills. 8. **Additional Incentives and Benefits**: Investing in a property located in an Urban Rehabilitation Area (ARU) can provide additional tax incentives, which are especially useful in reducing the initial costs of rehabilitating and equipping the property to accommodate tourists. 9. **Attractive to Different Visitor Profiles**: The property can be adapted to attract different types of tourists, from solo travelers and backpackers looking for hostels, to families and larger groups who prefer the privacy and comfort of accommodation location. 10. **Return on Investment**: With tourism on the rise and an attractive location, the potential return on investment (ROI) for a local accommodation or hostel is significant, especially during peak tourism seasons. This multifaceted approach offers flexibility to the owner, whether for personal use or as an investment, capitalizing on the diverse opportunities that the region's real estate and tourism market offers. In summary, the combination of a good location, outdoor space, possibility of customization and financial incentives can make this house an excellent choice for both home ownership and investment.
