By Colin Barrow
Procuring a estate in a foreign country is without doubt one of the largest judgements you are going to ever make. yet don't fret – your Spanish dream don't need to turn into a nightmare. From discovering an property agent and arranging a personal loan to negotiating the easiest rate and relocating in, this ebook is full of useful recommendation on each element of the Spanish estate marketplace. It leads you accurately and easily in the course of the criminal, logistical, and monetary minefields, aiding you maximise some time and your funds to get pleasure from a uncomplicated estate buy.
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Extra info for Buying a Property in Spain For DummiesÂ® (For Dummies)
Here are some tips for handling estate agents: ߜ Ask lots of questions. Far from being an irritation, your inquisitiveness will prove your interest in doing the deal. The questions closest to an estate agent’s heart are those about how quickly a sale can be wrapped up. Ask at the outset how quickly the seller wants to sell or how soon the seller can vacate the place. Make sure this fits in with your timing, but anything that speeds up the process and moves money into estate agents’ coffers more quickly will endear you to them.
If someone offers you land without planning permission, ask, both of yourself and the seller: Why? After all, surely locals have the best chance of getting planning permission, and if they do, the plot becomes worth double or even treble the price. Getting permission Getting planning permission is crucial. Your lawyer and architect can help you find out whether the plot you have in mind has, or could get, permission to build the house you want on it. I talk about this in the section about finding a lawyer in Chapter 3 and in ‘Appointing an architect’ later in this chapter.
They also like you to interfere and change the specification as the building work progresses. Resist estimates and changing the specifications, because you’ll end up paying out a lot more to cover overruns. ’. A major consideration is whether you plan to let out the property. If you do plan to use the property as a money-making operation, then a swimming pool and air-conditioning are essentials rather than luxuries. 30 Part I: Preparing for Your Spanish Buying Adventure These are the main costs to factor in to your equation: ߜ Building costs: Builders currently charge between €450 and €800 a square metre for building work.
Buying a Property in Spain For DummiesÂ® (For Dummies) by Colin Barrow