A buyers’ guide to property

What to look for Photo: Flickr CC / Images Money

There is no doubt that one of the most exciting times in a person’s life is the purchase of a home whether it’s a permanent home in the sun or somewhere to spend holidays. Although it is an exciting moment, it is important not to get carried away by emotions and to be rational when making the purchase.

In order to make the right decision when buying a home, it is important to bear in mind a number of issues. Firstly, the most advisable thing to do is to know the price of the property in order to choose one that best fits the budget.

Thanks to RealAdvisor and its use of Artificial Intelligence you can find out the price of property in Andalucia via the website: realadvisor.es

Location, location, location

Beyond the price, there are other factors to take into account though starting with the location of the property. A better located property is a more expensive property, but it does not have to be especially better for you. Consider whether you really need to be walking distance to the beach as that will push the price up

As well as the location of the property, you should also consider the size: don’t buy a property that is bigger than you need, as you will be spending money on something you won’t use.

Before buying a property, make sure you know first-hand the condition of the property especially if its second hand. Bear in mind that renovation costs in Spain are almost certainly lower than you might be used to. Also, if the property is part of a community check the urbanisation: if it looks run-down there might be problems with its funds.

Check the costs

Finally, assess whether there are any associated costs associated with the property and there are no debts as these will pass to the new owner. Check the costs related to the purchase: in Andalucia you will pay 7 per cent stamp duty and in total, to include lawyers’ fees and notary costs, you should allow 9-10 per cent for a second-hand home and 13-14 per cent for a new property.

Keeping all these aspects in mind and trying to stick to your budget will allow you to make the right decision when buying your home. That way, you can be sure that you have made a good investment and that you are getting what you paid for.

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Written by

Kevin Fraser Park

Kevin was born in Scotland and worked in marketing, running his own businesses in UK, Italy and, for the last 8 years, here in Spain. He moved to the Costa del Sol in 2016 working initially in real estate. He has a passion for literature and particularly the English language which is how he got into writing.

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