Everything you need to know when buying a house in Spain
Did you know that having a property in Spain is a dream that can become a reality?
By choosing Spain, you will get a country with a beautiful climate, clean beaches, many beautiful parks and leisure areas. However, an uninformed person when buying a property in a foreign country can easily get a lot of problems instead of a dream villa. How not to get trapped and not to make mistakes with the property choice in Spain?
We have made a list of three basic steps that you should be aware of while planning to purchase your dream home in this sunny country.
Purpose of purchase
First you need to decide on the purpose of buying a property. Why do you want to buy a house in Spain? For the holidays of you and your family members or for renting? Maybe for both? For permanent residence or for investment purposes?
If you decided to buy a property for seasonal holidays during the summer period and/or for renting out, choose areas with well-developed infrastructure - shops, restaurants, pharmacies, bus stops and properties close to the beach.
If you invest in real estate of large cities (Barcelona, Madrid, Valencia, Alicante), with the renting purposes, then in addition to these criteria, you must add the pedestrian access to the subway, or even a university in the area (if you plan to take a long term lease to students or teachers), the proximity of the historic city center and cultural monuments and events (if you are planning to rent out property daily).
And do not forget that when renting real estate for the short-term, it is necessary to obtain a license from the of Region Tourism of Finding Property Department (not in all regions of Spain are such licenses now issued), register your apartment as a tourist apartment with the police and fill out the registration form for each guest older than 14 years.
Buying real estate for permanent residence, you need to look through the "resident areas". Because these areas are not always located close to the sea, but comfortable in terms of year-round living.
The investment property should be characterized by a detailed research of all aspects of a planned investment project. This can be a commercial premise that can be leased, a villa for capital reconstruction subsequent sale, land, unfinished construction and etc.
Property Selection
The next choice you must make is between types of real estate. It can be under construction properties, secondary properties or properties under renovation.
If you plan buying real estate in a new building you need to know about the reputation of the developer, quality of construction and finishing materials, the location of the complex, plan of the selected real estate, calculate the amount and location of desired furniture in every room, taking into account the dimensions of the room, the position of the open windows and doors.
If you are considering purchase of the secondary market property, pay attention to the general condition of the house, the date of construction, the date of the last repair. This property can provide you with the information about the cost of services, property taxes etc.
If you are buying a house being renovated or planning to make repairs in it, with elements of redevelopment, please, consult the experts about the possible cost of the planned renovation or repairs. Please note that some types of renovation work can not be carried out without the permission of the municipality and the administration of the complex, and also require a license. Specify the cost of furniture and appliances you need.
All this we can do for you. Read more about our services here.
Property Check
Before buying a property, we recommend that you get acquainted with information about real estate and possible debts and encumbrances. We recommend you receive an extract from the property owners registry to check the absence of debt on this property with the tax authorities, electricity supplier, water supply service provider, the management company or the bank, in the case of a mortgaged property.
To avoid problems, buying property in Spain, please contact our company. INMO·EXPERT has more than twenty years of experience in Real Estate here in Spain. Our legal team will prepare and review all the necessary documentation, our experts will provide you with full information on selected properties and guide you through all the process of buying and moving into your new house.
