Reasonable tips to consider when buying property in Spain. Very useful!

Today, I propose to consider these common mistakes that buyers make when buying property in Spain, as the purchase of unnecessarily large objects and the desire to get mortgage for the shortest period. These errors are very important, because if you get mortgage for minimum period of time and then can’t pay it, you have big problems. Not all banks are restructuring and often deprive buyers their property and expose it for sale, and paid money simply disappear. However, let’s proceed directly to discussion of mistakes.

Buying unreasonably large house in Spain

Very often, when we buy villa or apartment in Spain as the second home in order several times per year to rest in it, we ask agents to offer the big villa, the most possible for our money. Although later we realize that house in Spain is large we don’t need it, and maintenance costs too much. And if you want to lease your huge villa or apartment in Spain, you need to find suitable client. Mostly companies of 4-6 people come to Spain and rent apartment with 2 bedrooms. And the competition for the big holiday companies is great. And your home is at risk be unoccupied during your absence.
I recommend you to decide what area you really need before buying property in Spain. Just estimate the size of your family and the purpose of real estate. There is the big difference between the house for family holiday and the house for rent in Spain. Don’t overpay extra money for the square meters of house, they won’t give profit.

Mortgage for minimum period

If you buy property in Spain in the mortgage, try to get if for the longest term, possible for you. Of course, longer tern means bigger interest on it, but the monthly payment on the loan will be minimal. And you can always pay off the loan early. It would cost just 1% penalty of the amount of the remaining debt. Agree, it is cheaper than the inability to pay, restructure it or see how your property goes under the hammer. Insure yourself against possible financial problems in the future, properly allocate your funds!

In the next blog, we will consider important mistakes such as buying property in Spain with the assistance of realtor and whom to ask to choose property for you in Spain. Read our blog and you'll learn how to correctly get the best real estate and not overpay.

Rental property in Spain - cheap and convenient alternative to a hotel.

Every time when we want to relax with friends somewhere abroad, for example in Spain, we are trying to find home to live together and have fun and doesn’t matter it’ll be rental villa in Spain or room in hotel. One important thing it should be convenient and cheap. But still there are advantages and tips when it is better to rent property in Spain, than to live in a hotel.
Living in the hotel, you get a lot of amenities, you're not doing anything, you relax, staff makes everything, but everything it should be paid. Moreover, you are limited by schedule of hotel, its rules, you can only do what is permitted. However, renting villa in Spain, you get the same as in the hotel, but also much more. You can do what you want, you can back home whenever you want, to cook for breakfast that you like, make barbecue with friends, have fun in the pool, make parties, and all this can be done only in a rented property, and it costs far less. Here are clear advantages of rental property in Spain:
• Renting villa in Spain you get: private pool, kitchen, lots of space, private parking, pay much less for 6-8 persons than for 4 rooms at the hotel.
• Rental apartment in Spain gives you: the kitchen, more than one bedroom and bathroom, living room, where you can gather with friends, but most importantly it is cheaper than a hotel.
Real Estate Portal TOP-CASA offers rental properties across Spain, and with our experience in the market, we know that is necessary for you, luxury rental villa in Spain, beach villa on the Costa del Sol or apartments on the Costa Blanca. Portal TOP-CASA will provide you with rental property in Spain in any region you plan to spend your vacation. Portal works with more than 100 agencies and property owners in Spain. On TOP-CASA you find property for every taste: apartments in Alicante, cheap villas in Tenerife, luxury apartments in Barcelona. You can choose property that suits you: apartments in the center close to bars and restaurants, the villa in a quiet secluded place. The portal offers rental property in Spain at prices of owners and doesn’t charge for this extra money. Moreover portal serves as additional guarantor of the transaction, so you can always be sure that if you have any problems with renting property in Spain, the portal must help you and won’t leave you.