How can you make standardize the property buying process in Spain?
You don’t need special skills about legal issues, to know how the property buying procedure works in Spain, but it is advisable to learn the basics. We collected some tips to help you understand the buying process in Spain on a fast and easy way.
Some of the tips may seem obvious, but before you buy a property in Spain, the excitement can cloud your mind and easily make mistakes. So, take these tips into consideration during the whole process.
Buying a property in Spain -Tip 1
Do some research before you start the real search. Find out about the area where you want to buy and get a basic knowledge about the buying process in Spain. However, don’t get too deep into details, if you find a good lawyer in Spain he will know how to proceed, but having a general understanding can be useful.
Buying a property in Spain -Tip 2
Think about your budget, how much money are you able to spend on a property in Spain? Make sure to add an additional 15% to that budget in case additional costs appear.
Buying a property in Spain -Tip 3
Take care about the running costs. You will have IBI (rates) to pay, rental income tax or imputed income tax, electricity charges, water and waste and community fees. Make sure to take in account all of these expenses when buying a property in Spain.
Buying a property in Spain -Tip 4
The property must satisfy your needs now and in the future, Do you prefer to be close to shops or do you prefer a villa in the countryside? That is an important question you need to ask yourself before you start viewing properties in Spain.
Buying a property in Spain -Tip 5
It is a buyer’s market, so don’t feel pressure to make a decision fast. Ask to see the properties again, at different times of the day and on different days of the week.
Buying a property in Spain -Tip 6
One of the most important tips for buying a house in Spain is not to sign anything or pay anything until you have a legal check of every clauses on the purchase contract. This is really important and people can be easily persuaded that it’s not necessary, but it is.
Buying a property in Spain -Tip 7
It is also really important to invest in a good lawyer in Spain. If you are going to buy a property in Spain you need to do it right. Legal advising is worth it, to make sure someone is serving your interests.
Buying a property in Spain -Tip 8
If you want to make changes to the property, rememberthat you will need planning permission in Spain. It may look as you don’t need to do that, but authorities are getting stricter with this matter and they can charge you with penalty fees for that.
Buying a property in Spain -Tip 9
If you are planning to rent out your property in Spain check what the arrangements are in the region where you are buying. There can be big differences in Spain between regions when it comes to purchase or rental an apartment. Check that out before buying, especially if you plan to rent out the property you are buying.
Buying a property in Spain -Tip 10
Prepare for the weather. Spain is not a cold country on a daily basis but the months of December, January and February can be cold. You should consider how you will keep warm in the winter as well as how you’ll keep cool in the summer.
Spain is a wonderful country with a rich legacy and lots of lovely sunny days. Buying a house in Spain is a dream for many people from all over the world and with the fall in house prices, buying is affordable for more Hungarian people.
Use our tips for buying a house in Spain to have the best of the experiences!
