If you’re interested in living partly or fully in Spain, there’s a lot of lovely properties available, see these new builds for sale in Javea, for examples. Javea is a particularly nice area to consider buying property in. However, despite all the key benefits and positives including the financial side of things, the lifestyle, climate and people there are still things you need to consider before rushing into anything.
Therefore, in the following post we will address some of the key questions you need to consider before agreeing to buy a property.
Are you Going to Negotiate with Banks Yourself?
If so, it is worth getting as many quotes from banks as possible for the level of mortgages they might be able to offer you.
Are You Buying Directly from The Property Owner?
Although buying directly from the owner can help avoid a lot of the bureaucracy, it may present its own challenges and there are many pitfalls you could fall prey to.
Handling Removals Yourself?
It may save you money in the long run, but you need to consider all the logistics involved with moving to another country and see whether it is worth hiring a professional company.
Found a Property Online
Although using the internet can be a great way to establish what kind of offers are out there, you should never throw yourself completely into a property that you’ve only seen online. You need to check them out in person.
Handling Taxes Yourself?
While you may save a little money by tackling tax issues on your own, it’ll be easier and more cost-effective in the long run if you hire a professional financial advisor. Especially as there are a lot of additional taxes and charges to be aware of as an ex-pat buying in Spain.
Does the House Need Renovation or Work Carried Out?
While you may like the idea of doing it all yourself, it may not be viable. If it costs a lot and involves a lot of holiday time to complete, is it not better to hire a professional team?
Thinking of Avoiding the Services of a Lawyer?
You may want to try and handle all the legal side of buying property in Spain on your own. However, there are lots of tricky aspects to it and if you don’t seek the help of a professional who knows all the things to look out for, it could cost you more and you could find yourself in trouble later.
We obviously hope that the above questions do not make you completely question your dream of moving to Spain and buying property there. They are more designed with the goal of helping you think about the process with a lot more caution. It is a big decision to make when you decide you are going to move to a completely different country and failing to give it the time and consideration it deserves could result in disaster. So, take your time and keep in mind the great points raised in this article and you will not make a costly mistake you will live to regret.