10 points to consider before buying a second-hand property
The interest aroused by second-hand homes among foreigners has grown in recent months
However, to become a second-hand home owner there are a number of factors that you should take into account before buying. These are small precautions that we must take before signing any real estate purchase contract.
In this article, we indicate things that you should take into account before buying a second-hand home with guarantees and success.
1. Check the condition of the property
It seems logical to say it, but it is convenient that you review even the smallest detail of the property. If you can request the help of a technical architect, architect or someone who knows about infrastructure, much better.
Many times we see something we like and we are blinded by that first impression. However, it is very likely that a second-hand property needs some type of reform, no matter how small.
We recommend a detailed review of: cabinets, taps, windows, auctions, doors or closures, among other aspects. Nor should you forget about pipes or everything related to the electrical system. In other words, turn the faucets on and off and turn the lights on and off in the house.
2. Check the outside condition of the building
Not only is it important to check the interior of the house, but the state of the building seen from the outside will also help us make the right decision, as it will give you an idea if you are going to have to make any contributions soon. Also, of course, ask the owner and the community manager.
3. The age of the building
Among the things to take into account before buying a second-hand home, its age stands out. You can consult this information in the cadastre, where you will also find out what materials and construction systems were used.
Keep in mind that the older the floor, you may have to make a greater investment in works or subsequent repairs.
4. Verify the energy certification
New construction properties already have the corresponding energy certification by regulations, but a second-hand property often requires the adaptation of the home and this entails reform and money.
For this reason, we recommend consulting the information on the energy situation of the property and if it has smart devices to improve energy consumption and saving.
5. Check the orientation of the house
The orientation of the second-hand house or apartment that you intend to buy may be better or worse. Also, you should know that this factor directly influences the final price and, therefore, also the mortgage you request.
6. Go to the property registry
You can obtain the simple note on the home you want to buy to verify that the owner is really who he says he is and that there are no previous charges on the property that may surprise you later, as well as the exact information about it.
Without a doubt, it is an action that is worth taking to gain peace of mind before carrying out the transaction.
7. Make sure the property is not currently rented
It seems too obvious advice, but the truth is that it is a fundamental step before thinking about buying any property. Logically, if it is, you must respect that previously signed rental contract.
8. Ask for a Nota Simple
The Nota Simple includes:
- the number of millimeters of the property
- if you have debts, liens or mortgages
- cadastral references
- owner’s ownership
This procedure is accessible to anyone, it costs 9 euros and can be done in person or online.
9. The Cadastre
This procedure is free, you simply have to access the Electronic Cadastre Office and enter the address of the property to obtain the certificate and compare it with the simple note (Nota Simple), in case any discrepancies appear.
10. Consult the town hall
Another possibility to rule out any type of surprise in the future is to approach the corresponding town hall to see if there is any open file on the property.
Really looking for the right home and having to know all the paperwork and things to consult is not an easy task. For this reason, if what you want is not to have worries, it is best that you have the help of a real estate professional.