|Buying Property Tips#1: Choose the Right Location|
|Before you choose a location, it is of utmost importance that you consider the development prospect of the area. Other factors to consider here is crime record of the area, availability and nearness of public facilities and utilities.|
|Buying Property Tips#2: Study the Local Market Dynamics|
|It is important to get well familiar with the local realty market. Learn the variation in property prices by street. Don’t shy away from asking a few realty investment agents questions to get better insight on the matter.|
If you are thinking of somewhere to escape to this summer, Marbella has so much to offer and properties in Marbella are a great way to enjoy everything without giving up those home comforts. Real estate in Marbella is varied and there are many types of properties too choose from, so that you can ensure you feel right at home but with the added bonus of being able to take a stroll along the beautiful sandy beaches at sunset or enjoying a family meal at the famous Puerto Banus with its unlimited choices of bars and restaurants.
Luxury properties in Marbella make a great way to relax on your break
Depending on your budget, property for sale in Marbella can make an ideal investment for a holiday home where you can spend winter months catching up on vitamin D and soaking up some sun, or simply pop over and invite guests to spend a long weekend lazing by your private pool. The weather makes a great excuse to get away from the rain and cold and there are many great tourist attractions to keep you entertained. Also, villas for sale in Marbella have been significantly reduced recently and some people are finding that this works out as a more cost effective exercise than staying in hotels each turn they return to the Costa del Sol.
The other alternative is to look at renting a property when you visit rather than opting for a hotel. This still allows you the freedom and privacy of a villa or apartment without all of the costs of buying. Some people also prefer to rent a few times with the option to buy at a later date and this is also something that is now becoming more widely available in Spain.
Choosing the right property for you
|Buying Property Tips#3: Choose the Right Property|
|Getting the right property right away is quite unlikely. First, you need to be clear on why you want to buy an investment property. After that, you will be able to make right decision based on factors like remoteness or accessibility of the property.|
|Buying Property Tips#4: Do the Math Properly|
|Get a precise idea on the value of assets you have available. If you are investing in rental property, make sure you can easily cover the mortgage payment through rents. Additionally, get a clear idea on the appraisal value of the property beforehand.|
|Buying Property Tips#5: Consider Additional Expenses|
|When purchasing an investment property, it is not only the selling price that investors need to consider. There are various additional expenses such as property tax, home owner’s insurance, repair & maintenance that must be considered.|
When thinking of making a purchase in Spain there may be many things for consideration to ensure you get the right property for your needs. If you are a couple you may want an apartment within walking distance to some of the finest beaches in Europe, as a family it might be privacy and self-sufficiency that you crave. Whatever your needs, Marbella real estate will have something that appeals. Also, remember to take time to investigate the area before you purchase. Do you want to be near the busy streets of Marbella old town with its multitude of tapas bars or are you looking for something quieter, in the hills perhaps with an unspoilt view of La Concha and the sea?
It is definitely a good idea to visit the area before purchasing a property. Some of the best places to start your search for property in Marbella are Sierra Blanca, Nueva Andalucia, the Golden Mile and the New Golden Mile, Marbella itself and Elviria. From here you will get a taste of prices and locations all close to Marbella with different types of properties available from luxury villas in the hills to studio apartments in the centre of Marbella.
Tourist attractions in Marbella; so much to explore
Marbella has a host of activities to keep everyone happy during your stay. From water sports like snorkelling, scuba diving, deep sea fishing and para-sailing activities, to world famous Beach Clubs like Ocean Club and Nikki Beach which host special events most weekends to keep guests entertained long after the sun has gone down.
There are also more unusual attractions like a zoo, a safari park, theme parks and water parks. So when planning your trip – make sure they you take time out to some of these unusual delights and why not go exploring around the picturesque Orange Square or the Bullring? Perhaps even set aside a day to travel by bullet train to Madrid as it only takes two and a half hours to get to from Malaga. Then you can see some cosmopolitan delights and shopping in the day and be home by the time the sun is setting over the sea and the views out over Africa.
|Buying Property Tips#6: Inspect the Property|
|To ensure that you are getting everything you are paying for, a thorough inspection of the property is essential. Besides ensuring that you are not overpaying, a rigorous property inspection also gives you a good estimation on what the additional expenses might be.|
|Buying Property Tips#7: Pick the Right Financing Option|
|While interests on investment property loans are tax free, some borrowing costs aren’t immediately tax deductible. Knowing that, and structuring your financing in accordance is crucial. Don’t hesitate to ask for help from a financial advisor.|
|Buying Property Tips#8: Invest through Equity|
|One of the best ways to purchase an investment property is to leverage the equity of another property (including your primary home). This is a preferable way among regular investors, especially due to added tax deduction advantages.|