Classic Mistakes To Avoid If You Are Buying A Spanish Holiday Home

If you are thinking about buying a holiday home in Spain, you are investing in somewhere that you will be able to relax, unwind and enjoy some beautiful sunshine far away from the drizzle and chills of the United Kingdom.

It’s a very popular choice for people looking for holiday homes, even as Brexit wrinkles continue to be ironed out. However, as anyone who has ever been through this process before will tell you, there are plenty of ways for things to go wrong. This process can be long and difficult, and you will need to take care to get the property that you have always wanted.

Don’t…Buy Before You Visit

This may sound like an obvious point to make, but nowadays it is easier than ever to find a property online and view it remotely. Estate agents can take you on a virtual walk-through that can almost make it feel like you are really there. But there is never going to be a substitute for seeing a property in person.

Leaving aside all of the problems that an estate agent can hide when they are holding the camera, you will never get the proper feel of a place until you are standing in it. So, book a flight to the location in Spain and visit in person.

Don’t…Forget About Your Insurance

One of the main things to remember about buying a holiday home is the simple fact that you are not going to be there a lot of the time. That means that there a lot of things that can happen without you being able to do anything about it for some time. For example, say a water pipe bursts shortly after you head back to the UK.

Alternatively, if you are letting other people use the house while you aren’t there, whether they are paying guests or friends staying for free, they may cause damage that you were not expecting.

Spanish holiday home insurance is the best way to make sure that you don’t end up out of pocket for any costly issues that occur while you are away. QuoteZone has everything that you need to know about the policies you may need, and they can help you to find the best quote.

Don’t…Ignore The Bigger Market

The property market around the world has been going through a lot of turbulence over the last couple of years. Now, prices have started to come down in the United Kingdom as a result of wider inflation, but that does not necessarily mean that the same is true in Spain.

You need to make sure that you are staying on top of the latest developments in the property market there, and in any specific area that you have been looking at. If you are not sure where to start, think about talking to some local property experts.

It is a fact that estate agents will always do their best to get you moved into a property as quickly as possible, so think about talking to any friends who have made similar moves to find out who they dealt with.

Author: Ryan Byrne

Second Home Envy?

One of out every three homes sold in the USA in 2016 was a vacation home or investment property showing demand for second homes is again increasing following a turbulent few years. The reasons for buying a second home may be recreational or investment, often with a view to retirement planning.

Continue reading Second Home Envy?

Did I mention I own a property in London? Property investment: risk versus reward

Generally when people are talking about investment risk versus reward it is in the context of equities and other fluid type investments. It is not often spoken about with regard to property investment. Instead property is generally seen as the sound ‘bricks and mortar’ investment. The investment that you end up with a big chunk of something substantial along with a set of keys to open doors. Continue reading Did I mention I own a property in London? Property investment: risk versus reward

Buying property in Spain and Portugal: What a difference 2 years can make!

I recently read an article published on The Telegraph website which reviewed the world’s top 20 places to invest in property abroad (http://www.telegraph.co.uk/property/abroad/worlds-20-best-places-to-invest-in-property/).

The article is over two years old now (written in January 2014) and I was Continue reading Buying property in Spain and Portugal: What a difference 2 years can make!

Buying Property Abroad: The biggest pitfall

Living in Ireland the idea of buying a villa in Mexico or Panama seems very appealing indeed. Coming from a country which sees sunshine on average 2 ½ days a year (perhaps slight exaggeration here!) you can imagine why. Continue reading Buying Property Abroad: The biggest pitfall