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Buy A Holiday Home
Many people who are looking to buy a holiday home also want to use the property to rent out, maybe even to settle down within some years or as an investment to sell again at a later date. Therefore the criteria’s for selecting a holiday home are very different depending on the additional purposes. We therefore recommend you to take a look at the previous sections as well for further information.
If your primary reason for buying a property in Spain is to use it as a holiday home for you and your family you can find further information about what to be aware of regarding the Price, Qualities, time to purchase, locations, views and utilities.
The price a family desires to pay for a holiday home does of course differ but it is important to make a thorough research of what is available for the money you are ready to spend on the property. Another important thing to take into consideration is the price level for the same type of property is very different depending on where in Spain you decide to buy. Please contact us or go through the many Spanish properties available on this site for further information about the price brackets for a holiday home in any part of Spain.
Although the property is not going to be used to stay for longer periods it can normally be recommended to purchase a property with has good quality furniture and equipment. It is important that you feel comfortable to stay there during the vacations as you might want to sell in the future and it will be easier to sell if the renovation is of a high quality.
When to purchase a new property
The moment to purchase a property in a new development depends very much on the profile of the buyer. As explained in the section Buying Off Plan Properties in Spainthe price will rise during the construction period and is initially set below market value to attract investors and early purchasers. This means that if you buy in the early stage of the construction you will be able to get the property cheaper. The major disadvantage is you will not be able to see the final result as the property has not been finished and although there are detailed plans available the finished result might not be exactly what you had expected. Most people who are buying a property for their own use prefer being able to see it before they have to sign any document. Another disadvantage of buying in an early stage is that the property will not be at your disposal, for up to 3 years on average.
Location, Views and Utilities nearby
As a holiday home is used for vacation purposes the location is normally very important, but also depends on your personal preferences. Golfers will be looking for a property near a golf course, whereas people who want to use the property to relax, have fun and enjoy the sun will focus more on being close to the beach, restaurants and bars. The views of the holiday home will of course depend on the location but also on how much you are willing to for them; good views are normally highly valued and are also an important factor for how easy you can sell the property later on. The utilities available are also very important and although you are only using the property for vacations, there should still be utilities within a short distance of the property, such as, shopping, restaurants and a pharmacy etc.