You have just started a new life in one the world’s greatest countries with lovely sunny days. Buying property in Spain is another stage you have to take so you can fully enjoy your Spanish living.
However, with so many property companies knocking at your door to sell you their different products, choosing the best of them can be a little tricky. If you hate all the hassles and stress of buying property in Spain (remember, the country is also known for the long queues everywhere), you won’t shrug off these useful tips.
- The most important deciding factor is the money you are able and willing to spend on the property. It also matters where you are going to get the money. Do you have a bank account that’s been set aside for circumstances like this? Will you get it from a mortgage loan or from the sales of your old home? Knowing that you have an available budget and the amount in it will help you determine the range of property designs, brands and quality that you should stick to. You are from another country so do not ignore the exchange rate as well.
- You have to separate the must-have and the would-be-nice properties. Your must-have list is the necessary properties, such as the number of bedrooms, proximity to shops, schools and market, and the space outside. Would-be-nice list consists of the things that you can do without, but would add a better ambience in your home, like Jacuzzi, swimming pool, patio and basketball court. You also have to give a thought whether or not you want to renovate. If so, you will need to set two separate budgets for the house and for the rework to be done.
- Now that your money is ready, the next thing you should do is to start searching in different regions and towns of Spain where you want to start your new life. This hint might help you in your search: The closer the property is to the Costa del Sol, the more expensive it is. It doesn’t even matter if it’s a town or a country house.
- You will definitely need the help of an estate agent if you want everything to be done in a little amount of time. Learning the ins and outs of buying property in Spain may take longer than you could ever imagine. Just beware of scams that advertise a very persuasive price. Though they charge you low at first, you may end up paying them more than you are ever aware of.
- Never ever forget the proof of Title and to get insurance for it. Insurance will be like your battle shield against possible losses caused by title-related defects for the time that you own the property. Some examples are clerical or typographical error that can affect your title, alteration or loss of title documentation, unrecorded tax liens, forgery and fraud.
Your dream of living and owning a home in Europe’s sunniest country will be hassle-free if you take these five tips seriously.