Before you choose a property in Spain consider these 5 aspects!
In this episode, we share practical tips to help you find the perfect property in Spain. We point out five key aspects to consider: budget and needs, location, property type, condition and additional costs.
What will you learn from the episode?
Wondering how to find your dream apartment in Spain or the perfect property on the Costa del Sol? In this episode, we will share with you practical tips to help you in the process of buying a property in Spain. You'll learn what to look for when choosing a location, what type of property - apartment, villa or terraced house - best suits your needs, and how to assess the condition of the building.
We will also tell you about the costs associated with the purchase, credit options and key legal aspects to keep in mind. If you're dreaming of living in Spain or planning an investment, this video will give you all the information you need!
Text version
Buying property abroad can be a big challenge, especially when the market and rules are different from what we are used to. Spain, and especially the Costa del Sol, attracts Poles with its climate and unique investment opportunities.
Budget and needs - where to start?
The first step in your search for the perfect home is to determine your budget and clarify your needs. Consider whether you are interested in a property for permanent residence, a vacation apartment, or perhaps an investment with an eye toward short- or long-term rentals. Clearly defining your goal will allow you to better adjust your budget and understand what property features will be crucial to you.
Location - the key to satisfaction
Another important aspect is the location. The Costa del Sol offers not only beautiful views, but also a highly developed infrastructure. It is important to pay attention to access to schools, stores, restaurants, public transportation and attractions such as beaches, parks and recreational areas. When choosing a location, consider whether you prefer proximity to amenities such as restaurants, sports clubs, gyms or private spas to ensure a comfortable daily life.
Property type - choosing the right solution
Spain offers a variety of property types: apartments, row houses and villas. Each has its own advantages and disadvantages. Apartments and estates with common areas, such as swimming pools and gyms, can be convenient for people who don't want to deal with the day-to-day upkeep of the property. Terraced houses and detached villas, on the other hand, provide more privacy, but require additional commitment to maintaining the space, especially if they have a private garden or pool.
Technical condition - check before you buy
When buying a property on the secondary market, it is very important to carefully assess its technical condition. Inspecting the common parts, such as the roof, facade and installations, is crucial, as they may require costly repairs. It is very important to look at the common parts, as you can customize the interior to your preferences, but the common elements are out of your control. The vast majority of Poles investing in Spain choose to buy new properties, which gives greater confidence in the quality of construction and a lower risk of needing repairs.
Additional costs - be financially prepared
The budget for buying a property is not only the purchase price. You also need to remember to factor in additional costs, such as taxes, notary fees, and possible upgrading costs. You should also consider taking out a mortgage, which in Spain for EU citizens can be up to 70% of the value of the property. This makes it easier to realize the dream of a property on the Costa del Sol without overburdening your budget.
Summary
Buying a property in Spain is a step that requires forethought and good organization. Choosing the right location, type of property and proper financial preparation can ensure satisfaction with your investment for years to come. It is crucial to define your needs and plan the purchase process precisely. If you need support or additional information, consult us.
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