Important Checkpoints when Buying a Property in Spain
Decide where you want to buy your property, on the beach, near golf, in land, close to town centre, Find the right location that’s suits and the family. If you have children they will want to be close to the beach.
Remember the summers can become, very hot, so if you are considering a property in the country side and away from the costal areas, the temperatures can reach into the mid 40c in high summer.
If there is a vacant area, plot next to where you are buying, the chances are that it will be built upon, always ask your agent what is planned for that area.
Take extra caution when buying a property under construction, not fully completed. Have your lawyer at hand to advise you on how to proceed with the purchases.
It is important to have your lawyer check that the vendor has paid any outstanding community fees, local taxes, garbage fees or any other taxes that may apply to the property. Also have your lawyer check that there are no mortgages registered against the property and it is free of all encumbrances.
In buying a property always take into consideration that sometime in the future you will want to sell the property, so remember these simple points, the old saying,location,location ,location. Properties on the first, second, third floors will resell better that ground floor property.
To buy your chosen property a reservation deposit of usually between 5000€ and10,000€ approx is paid, with villas this figure is usually higher.