Aspects to take into account before buying a home
Category: Mortgages
Buying a house is, without a doubt, one of the most important steps for most. This is where we allocate a large part of our savings and it is where we are going to build our lives. For this reason, we must reflect and take into account very relevant aspects so that it does not become a bad experience in the medium and long term. From the laHome Blog we are going to talk to you about the most important ones:
Possible loads
If it is a second-hand home, it is a point to evaluate. The most common are mortgages or liens. You can corroborate this by requesting a Land Registry extract at the Property Registry. In the event that the property has a mortgage, you can subrogate yourself or have the current owner cancel it in advance.
Energy certification
Currently it is essential for the notary to validate the operation.
Sales and purchase expenses
Taxes: They will depend on the type of home. For new construction you have to pay 10% VAT (except in the Canary Islands which is 6.5%) and for second-hand homes a % of the registered price is applied, which varies according to the Autonomous Community, although it ranges between 6 and 10%.
Public deed at the notary: The cost is between 0.2% and 0.5% of the value of the property.
Property registration: the fees are set by regulations and cost between 0.1 and 0.25% of the price of the home.
Other associated expenses
Community expenses, electricity, water, IBI, home insurance, etc.
Possible reforms
It is highly advisable that you visit the property with an expert like laHome, especially if the house is not new. This way you will know if you are going to have added costs for renovations.
Zone
It is one of the few things that you cannot change afterwards. So make sure you choose it well, and see if you need to have public transportation, supermarkets, etc. nearby.
We hope we have helped you. And of course, visit our website to find the best opportunities for homes for sale and rent in the La Cañada area and surrounding areas!
