The 5 key questions to buy a second home
We help you with these key questions to make the right decision:
A house on the Costa del Sol? Or an apartment? Facing the sea or with mountain views?
There are many questions that you will have to ask yourself before deciding to buy a vacation home.
We at Marbella WOHNEN Immobilien know that it is not an easy task to ask the right questions, we leave the 5 questions that you can ask yourself before buying.
Why buy a vacation home?
It seems like a simple reflection, but in reality, it will have a direct impact on the money that one is going to spend.
If you are going to buy a home as an investment, that is, with the intention of renting or selling it, you will surely be interested in buying at a low price.
However, if the home is for your own use and enjoyment, the qualities and condition of the home must be assessed.
What months are you going to occupy it and what months are you going to rent it?
One of the biggest benefits of having a second residence is being able to rent it in the months that we are not there.
Vacation rentals can be managed remotely and income is often very lucrative.
Now, if the intention is to rent the house during certain months of the year, the investment should go to coastal areas with a long summer season, as is the case of the coasts of Malaga and Alicante.
In addition, the area where we shop must be close to airports, restaurants and leisure areas.
What type of home do I want to buy?
Before starting the search for housing, you have to think carefully about the type of housing you want or can afford.
It is necessary to know if we are looking for an apartment, a villa, a chalet or a townhouse. In addition, we will have to think about the kind of services we are looking for.
Can I afford a second residence?
As in a first home, you have to make numbers.
For this, it will be necessary to take into account, apart from the mortgage expense, if necessary, the costs involved: insurance, taxes, community, maintenance costs, etc.
How will the search be carried out?
Buying a second residence requires investing a lot of time, visiting and knowing the procedures well, so everything is easier when it goes hand in hand with professionals.