What is a service residence?

What is a service residence?(Senior Living)

Senior residences, student residences, tourist residences, business residences: service residences provide a concrete response to the needs of very specific audiences. They also offer interesting investment opportunities.

Service residences are a diversification tool for real estate investors. As a bonus, this investment entitles you to a tax benefit granted under conditions.

Service residence: definition

a service residence “is a set of dwellings made up of independent dwellings allowing the occupants to benefit from specific non-individualized services. »

Specific services that cannot be individualized are, by definition, services provided to the entire population of the service residence. These services cannot be “privatized” or their cost is shared between all the inhabitants of the service residence, so that the provision of these services is inherent to the operation and life of the residence. It can be, for example, access to a certain number of common areas such as a restaurant, a gym, a swimming pool, a laundromat, etc.

The presence of a professional manager is also a feature of service residences. This is why we also speak of managed residences.

Investing in a service residence: to diversify your assets

Service residences meet many daily needs for their tenants, whether they are present for a short period or a longer period (between several months and several years).

But it is also an attractive investment. Investing in a service residence can be adapted to many objectives. This type of investment makes it possible in particular to build up additional income, to prepare for retirement and even, in some cases, to reduce taxes.

Investing in a service residence also allows you to invest more serenely in real estate, through the possibility of delegating the management of your property to a professional operator.

It is also a tool for diversifying real estate assets, especially if you already have one or more properties managed directly.

Tax benefit: for certain types of service residences

It is possible to reduce your taxes by buying new accommodation in a residence for students or the Senior, whether they are autonomous (senior residences) or with a loss of autonomy (nursing home). The list of residences concerned is recalled by the tax authorities on its website.

In particular, you can combine the tax advantages of the status of non-professional furnished rental company and those of the Censi-Bouvard system. As a reminder, the Censi-Bouvard system is active until December 31, 2021. This is therefore an opportunity to be seized. To simulate your Censi-Bouvard rental investment, do not hesitate to use our free simulator .

Do you want to invest in a service residence? Through our brand of senior serviced residences or our brand of student residences Student Factory, we offer you many investment opportunities . You can also find all the answers to your questions in our residence services guide . (senior community)