Property management & Running costs

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Property Management & Running Costs

At the heart of any property management service agreement, it is fundamental and necessary to ensure your investment is well cared for  all year round. Your time spent here should be relaxing, to enjoy home ownership as planned. It also ensures that when the time comes to sell your property, it achieves the best valuation possible and distinguishes itself to potential buyers.

The vagaries of the Algarve seasons dictate that temperatures in summer can reach the low 40s and occasional winter nights below 5 degrees, whilst at times memorable Atlantic fronts bring torrential rain and storms. Such diversity can bring problems to any property regardless of its age or build quality.

Fortunately, there are many professional company in the area that provide property management services:

  • Weekly visits to ventilate and ensure the interior is dry, aired, clean and always in a good state of repair;
  • Maintain gardens and pools;
  • Pay utility bills and taxes;
  • Supervise works and receive deliveries;
  • Provide professional maid and laundry services when occupied and when not.

Whether your are a permanent or non-permanent owner, leading property managers in the region offer their clients so much more when required:

  • 24/7 emergency service to owners, family members and rental guests, providing owners with a familiar voice in times of need – and bilingual to ensure a quick response to any situation;
  • Knowledge of new technologies and solutions that modern home designs are incorporating and adopting as standard;
  • Preferred supplier programmes to ensure professional services are offered at all times;
  • Concierge services for golf, transportation and dining out, etc;
  • Childcare with bilingual and trusted personnel;
  • For owners wishing to rent – control of the administration and paperwork to ensure tax and legal matters are in order;
  • Introduction of your property to some of Europe’s leading villa travel agents, to secure the highest rental yields and the most discerning guests to stay in your villa.

With over 15 years of Algarve property management experience, we are pleased to recommend our collaborating property management partner Courtney Martin as a reliable and trustworthy company to entrust your property maintenance to.

More information at:

Website: https://www.courtney-martin.com
Telefone: (00351) 289 398 593
Email: info@courtney-martin.com
Address: Apartado 3294, Almancil, Algarve, Portugal

ESTIMATED PROPERTY RUNNING COSTS AS PER 2018

Estimated running costs for a 4/5 bedroom villa on a privately owned plot in Vale do Lobo and Quinta do Lago.

Cost description Quinta do Lago Vale do Lobo
Alarm Monitoring Services & Technical assistance € 560 € 560
Cable/Satellite TV € 450 € 450
Cleaning Services € 4.800 € 4.800
Communications € 850 € 850
Electricity € 4.500 € 3.000
Garden Maintenance € 7.200 € 4.500
Gas € 1.200 € 1.500
General Maintenance € 3.500 € 2.500
Home and Contents Insurance € 3.000 € 1.750
IMI and AIMI (Additional IMI) € 7.000 € 3.000
Property Management € 3.400 € 2.900
Resort Membership N/A € 3.421
Security € 1.623 Included in Resort Membership
Swimming Pool Maintenance € 2.500 € 2.500
Water (Incl. Sewerage and Garbage Tariffs) € 8.550 € 4.380
Total Estimated Annual Costs € 49.133 € 35.811

Prices shown are for guidance only and may vary.

FIXED ANNUAL PROPERTY RUNNING COSTS AS PER 2018

These are fixed costs only, based on the information as per 2018.

Location Type Condominium Infrastructure Security
Dunas Douradas 1 Bedroom Apartment
2 Bedroom Apartment
3 Bedroom Apartment
4 Bedroom Villa
From € 7.843
From € 9.706
From € 13.262
From € 24.203
Included
Included
Included
Included
Included
Included
Included
Included
Encosta do Lago 2 Bedroom Apartment
3 Bedroom Apartment
4 Bedroom Villa
5 Bedroom Villa
From € 3.375
From € 4.463
From € 2.138
From € 2.673
From € 601
From € 793
From € 985
From € 1.177
Included
Included
Included
Included
Lakeside Village 1 Bedroom Apartment
2 Bedroom Apartment
2 Bedroom Townhouse
3 Bedroom Townhouse / Villa
4 Bedroom Townhouse / Villa
From € 1.064
From € 2.128
From € 1.728
From € 2.592
From € 3.456
From € 409
From € 601
From € 601
From € 793
From € 985
€ 221
€ 442
€ 442
€ 663
€ 885
Martinhal da Quinta 2 Bedroom Townhouse
3 Bedroom Townhouse
3 Bedroom Villa
4 Bedroom Villa
5 Bedroom Villa
From € 4.211
From € 6.493
From € 9.125
From € 10.529
From € 14.038
Included
Included
Included
Included
Included
Included
Included
Included
Included
Included
Pinheiros Altos  2 Bedroom Apartment
3 Bedroom Townhouse
3 Bedroom Semi-detached Villa with Pool
3 Bedroom Villa
4 Bedroom Villa
3 Bedroom Villa on Private Plot
4 Bedroom Villa on Private Plot
From € 2.196
From € 2.739
From € 3.343
From € 9.713
From € 10.293
N/A
N/A
From € 601
From € 793
From € 793
From € 793
From € 985
From € 793
From € 985
€ 923
€ 1.384
€ 1.384
€ 1.384
€ 1.846
€ 1.696
€ 2.261
Quinta Verde 3 Bedroom Villa
4 Bedroom Villa
5 Bedroom Villa
N/A
N/A
N/A
From € 1.947
From € 2.595
From € 3.244
€ 1.996
€ 2.662
€ 3.327
São Lourenço Studio
1 Bedroom Apartment
2 Bedroom Apartment
3 Bedroom Apartment
€ 2.264
€ 3.018
€ 6.036
€ 9.054
From € 361
From € 409
From € 601
From € 793
€ 111
€ 221
€ 442
€ 664
Vale dos Pinheiros 1 Bedroom Townhouse
2 Bedroom Townhouse
€ 3.500
€ 4.200
From € 409
From € 601
€ 221
€ 442
Victory Village Studio
1 Bedroom Apartment
2 Bedroom Apartment
3 Bedroom Apartment
3 Bedroom Townhouse
4 Bedroom Townhouse
€ 1.408
From € 1.528
€ 2.937
€ 3.204
€ 3.774
€ 4.571
From € 361
From € 409
From € 601
From € 793
From € 793
From € 985
€ 111
€ 221
€ 442
€ 664
€ 664
€ 885
Vilar do Golf 1 Bedroom Apartment
2 Bedroom Townhouse
3 Bedroom Townhouse
€ 2.790
From € 5.129
€ 6.200
From € 409
From € 601
From € 793
€ 221
€ 442
€ 664
Vale do Lobo 1 Bedroom Apartment with Pool or Jacuzzi
2 Bedroom Apartment with Jacuzzi
2 Bedroom Apartment with Pool
3 Bedroom Villa
4 Bedroom Villa
5 Bedroom Villa
6 Bedroom Villa
7 Bedroom Villa
€ 1.489
€ 2.131
€ 2.776
€ 2.776
€ 3.421
€ 4.066
€ 4.711
€ 5.356
From € 396
From € 698
From € 1.566
From € 1.566
From € 2.068
From € 3.613
From € 4.504
From € 4.696
Included
Included
Included
Included
Included
Included
Included
Included

Prices shown are for guidance only and may vary.

We understand property matters!

If you are interested in the state of the local market, are currently looking for the right property, would like a valuation on your own property or are indeed interested in selling your property, please contact us! We would be honored to be of service!

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