Alicante Estate Agents

Other expenses you will have to pay if you have a home in Spain

Apart from the mortgage, there are other expenses derived from a property that all landlords have to pay.

The purchase of housing has increased in 2016 by 13.6% according to INE data. Is it an indication that we have recovered from the crisis? Are the buyers foolish who want to live beyond their means? Has the mortgage loan facility been opened from the bank? The causes, motives and consequences of the decision to buy more than 400,000 houses during the past year are diverse.

This year there will also be people buying houses and real estate to be sold. Future homeowners, in addition to the price of the home or mortgage conditions if any, will also have to value other expenses related to having a home.

Community fees.

These will be the expenses derived from the use and maintenance of common spaces. If your home is part of a shared space, it is usually a flat, there will be expenses that must be faced by each owner. There are several ways to manage community expenses, but it is usually done on a monthly basis.

The most common expenses in a community of neighbours are those of light, water, insurance and those for small repairs. If in your neighbourhood a community of owners has been constituted, the Horizontal Property Law in its article 9.1, says that it is necessary to allocate 5% of the budget to contingencies.

If it is a small community with little maintenance, it may not be a significant figure to rule out housing. However, there are communities where this spending can exceed 100 € per month or even be higher than 200 €. These figures usually occur in communities where there are added services (swimming pool, sports areas, central heating ...). In these cases, it can play an important role in the purchase decision.

IBI.

The IBI is the property tax that each City Council charges the owners of flats, houses, garages, premises... It is a tax that is charged for the simple fact of owning a property.

There are some exceptions. Properties that do not pay IBI are those owned by the State, communities or local entities intended to preserve security or education. There are also other exceptions, but for one in particular, the law contemplated and that may cause IBI not to pay is to live in a property classified as historical heritage

The cost will vary depending on the City and the characteristics of the property. It is possible to know what the IBI of a property will suppose consulting the cadastre. This is an annual expense that can make a significant difference from one building to another.

Maintenance expenses.

A dwelling in which life is made is going to require maintenance, however careful its owner may be. It is convenient to make an estimate of how much this expense will incur each year, to provide for a reserve fund to keep housing in full condition. Needless to say, the maintenance of an apartment of 60 square meters will not be the same as that of a house with garden.

Trash rate.

The garbage rate is a tax that depends on the municipalities and each has its own tariffs. This cost is accounted for by the collection of waste from homes or premises and the whole process until disposal.

The cost of the garbage rate can be asked in the city hall or a neighbour. It is also important to know if it is included in community expenses.

Housing insurance.

Securing the property in which you are going to live means being covered by contingencies and avoiding extra expenses that destroy a monthly or even annual budget. Knowing the price of home insurance before the purchase is as simple as asking for a quote from an insurer. There may be enough difference between insurers and hedges, so it would not hurt to ask several options in several companies.

If it is a floor make sure you do not pay for coverages that already cover the insurance of the neighbourhood community.

Complete Spanish Property, Alicante estate agents.

Whether you are seeking a new build property or a resale, please contact Complete Spanish Property. We will gladly help you with everything you need. We offer an individual and personalised service throughout the buying process, from the initial visit of the properties through to completion and we also have a great after sales service.

Complete Spanish Property provides a relaxed outlook to the Spanish property market, to ensure an enjoyable experience for all of our client´s. We are passionate about Spain and property and this passion together with our integrity and customer service allow us to fulfil our client´s expectations.

Found 218 Properties
Remove from favorites

Ref: CSPQ-42664

Villa · Resale · Costa Blanca South · Ciudad Quesada · Ciudad quesada

89.000€

We are very pleased to be able to offer this very nice detached villa fresh to the market .Set on a plot of some 250 metres and in a very good area of ciudad Quesada this property could be used as a great holiday home or indeed for full time living .Built on one level accommodation consists of a good sized lounge, separate fully fitted...

65m2 Built · 200m2 Plot · 2 Bedrooms · 1 Bathrooms · Pool


Remove from favorites

Ref: CSPX-68789

Villa · Resale · Costa Blanca South · Ciudad Quesada

90.000€

An exceptional example. Occupying the corner plot this modern 2 bedroom semi-detached bungalow is ideally situated overlooking La Marquesa Golf. The property is within a secure, gated community with intercom access. Viewing highly recommended.

88m2 Built · 144m2 Plot · 2 Bedrooms · 1 Bathrooms · Pool


Remove from favorites

Ref: CSPJ-80741

Villa · Resale · Costa Blanca South · Ciudad Quesada · Quesada

110.000€

We are happy to present for sale this 3 bedroom 2 bathroom detached house in excellent condition and has been maintained to a very good standard.The property is distributed over 2 floors. On the ground floor there is a large lounge / diner with a separate kitchen , a double bedroom and a family bathroom. A staircase from the lounge leads to a...

76m2 Built · 116m2 Plot · 3 Bedrooms · 2 Bathrooms ·


Remove from favorites

Ref: CSPQ-19198

Villa · Resale · Costa Blanca South · Ciudad Quesada · Ciudad quesada

110.000€

TO FOLLOW SHORTLY

2 Bedrooms · 2 Bathrooms · Pool


Remove from favorites

Ref: CSPQ-54583

Villa · Resale · Costa Blanca South · Ciudad Quesada · Ciudad quesada

119.000€

Here we have a detached villa well presented and in excellent condition. The property offers, 3 bedroom, 2 bathroom with a lounge/diner, two bedrooms, one bathroom and a separate kitchen all on the ground floor, with a master bedroom and ensuite bathroom on the first floor. A roof terrace is accessible from the landing at the top of the stairs...

88m2 Built · 140m2 Plot · 3 Bedrooms · 2 Bathrooms · Pool


Remove from favorites

Ref: CSPH-51499

Villa · Resale · Costa Blanca South · Ciudad Quesada

120.000€

This lovely 3 bedroom, 2 bathroom detached villa is located in a quiet cul-de-sac in Ciudad Quesada with beautiful views and only a short drive to local amenities. Situated in an elevated position with mountain views this villa comprises of 3 double bedrooms all with built in wardrobes, the master bedroom boasting its own terrace area with hot...

84m2 Built · 220m2 Plot · 3 Bedrooms · 2 Bathrooms ·


Remove from favorites

Ref: CSPR-75756

Villa · Resale · Costa Blanca South · Ciudad Quesada

120.000€

This detached villa is located in the Rojales Hills part of Ciudad Quesada, which is close to Benimar, Benijofar and Rojales, so is close to a massive variety of shops, bars and restaurants. At the front of the property steps lead up to a private terrace and main door which leads into the lounge/dining room with fireplace. Also on the...

92m2 Built · 200m2 Plot · 3 Bedrooms · 2 Bathrooms · Pool


Remove from favorites

Ref: CSPJ-37482

Villa · Resale · Costa Blanca South · Ciudad Quesada · Quesada

125.000€

We are pleased to offer for sale this 3 bedroom villa within close walking distance to local amenities. Downstairs, there is a living / dining room, kitchen, bathroom and two bedrooms. Upstairs there is a master bedroom, bathroom and a large balcony. There Is off-road parking on the plot along with various seating areas.Viewing is a must!

90m2 Built · 150m2 Plot · 3 Bedrooms · 2 Bathrooms · Pool


Remove from favorites

Ref: CSPJ-83859

Villa · Resale · Costa Blanca South · Ciudad Quesada · Ciudad quesada

129.500€

We are pleased to present you a detached corner property on the Complex Sabina which is located in La Marquesa golf ,Viewing is a must

90m2 Built · 120m2 Plot · 2 Bedrooms · 1 Bathrooms ·


Your property experts
in Costa Blanca and Costa Cálida

Sign up our newsletter


2017 Complete Spanish Property © 2017 ● Design: MediaelxLegalPrivacyWeb map