If you want a home for the summer, something to rent out for extra income or a place to retire than looks no farther than real estate Torrevieja. With its close location to Alicante, you can’t lose in this pristine spot. When you buy a property in Torrevieja, Spain you will not be making the wrong choice. Torrevieja is a lovely tourist destination where you can spend the winter and rent out your place during the summer with no problem!
Spain Is Good For Real Estate
If you want to rent out a property or buy a property to live in then you should go to Torrevieja several times before you make your final decision. You will need to see the difference between villa life and apartment life before you settle down and pick out something right for you.
You should explore different parts of the city and the outlying areas when you are in Torrevieja. This will help you know the different areas that you may want to buy something in and you will also know the areas to avoid when you are on your search. You should also visit during different seasons so you can get a vibe for the different times of the year.
You will want to note all the amenities and different things located on and near your property. Are you close to the shopping area or hot places to eat? Do you want to be near the beach and boost your rental value? Will you be living there or renting it so do you need something warm for the winter to live in?
If you want to live there all year round then you want to make sure that it is warm enough in the winter and cool enough in the summer. If you just plan on using it for summer rentals then you don’t have to worry about the winter months and the heating situation. Is the property on a high floor where you will need to carry things up and down it regularly?
Could this be a turn off to you or renters?
You need to shop around for loans to get the best deal for your money. The prices of homes in Spain are not as cheap as they used to be and you’ll want to make sure that you can qualify for a good loan before you get too serious about buying a place. Compare Spanish loans from loans in your home country.
If you choose to go for a loan in Spain, then you will want to be familiar with the laws about real estate in Spain. You can hire a lawyer who speaks both English and Spanish to help you with your situation. You will need him to help you apply for a mortgage and understand everything detailed in it.
You should also be prepared for all the paperwork that will follow this process. It will all depend on what country you are from, but the basics are usually a copy of your passport, pay stubs, the past three year’s tax returns, statements from your bank, and proof of your income level.