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 223 Properties
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Ref: CSPJ-8178339

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

89.000€

This is a very nice property being marketed at an attractive price, located in a very nice residential area and within easy reach of lots of amenities early viewing is recommended .The property is built over two levels ,to the ground floor is a large lounge /dining area ,fully fitted kitchen ,double bedroom and bathroom.To the first floor is a...

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


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Ref: CSPQ-59867

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

89.000€

TO FOLLOW SHORTLY

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


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Ref: CSPQ-19198

Villa · Resale · Costa Blanca South · Ciudad Quesada

105.000€

Here is a lovely example of a 2 bedroom detached villa located not far from the La Marquesa golf course in Ciudad Quesada. This property is listed at a good price and is just a short drive away from all your amenities including many bars, restaurants and a supermarket. The nearest beach (Guardamar) can be reached in about 7 minutes by car plus...

70m2 Built · 200m2 Plot · 2 Bedrooms · 2 Bathrooms · Pool


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Ref: CSPJ-42051

Villa · Resale · Costa Blanca South · Ciudad Quesada · La Marquesa Golf Course

110.000€

We are pleased to present this lovely detached villa , in the golf course area , which has 2 bedrooms, one of them on-suite and one for family and guests.Two double bedrooms ,a lovely enclosed terrace , which you can use in winter as a second living room . Offers aswell a community pool , and amazing view. Private parking.

72m2 Built · 150m2 Plot · 2 Bedrooms · 2 Bathrooms · Pool


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Ref: CSPJ-99745

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

112.995€

3 Bedroom 1 bathroom Villa close to amenities located in the area of Ciudad Quesada.The property benefits of 72 m2 living space and a 180 m2 plot.The property is located in Ciudad Quesada and offers a large selection of bars and restaurants, shops and supermarkets, Luxury spa hotel, an 18-hole golf course with driving range and even an...

73m2 Built · 180m2 Plot · 3 Bedrooms · 1 Bathrooms ·


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Ref: CSPJ-93759

Villa · Resale · Costa Blanca South · Ciudad Quesada · La Marquesa Golf

115.000€

Very good opportunity to purchase this very well maintained south facing bungalow in Doña Pepa.You access the property through a lovely tiled front garden, to a glassed terrace where you can enjoy the winter sun, then you find the lounge/dining area. On the right hand side you have the first bedroom and a bathroom with shower, then the master...

74m2 Built · 225m2 Plot · 2 Bedrooms · Pool


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Ref: CSPQ-17349

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

116.000€

Detached villa. Situated in Ciudad Quesada 3 bedrooms 1 bathroom. South facing. plot 180m2. Property 73m2Totally reformed with style. There is possibility to make parking on plot or pool

73m2 Built · 180m2 Plot · 3 Bedrooms · 1 Bathrooms · Pool


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Ref: CSPJ-72371

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

117.500€

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 · 125m2 Plot · 3 Bedrooms · 2 Bathrooms · Pool


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Ref: CSPJ-39295

Villa · Resale · Costa Blanca South · Ciudad Quesada · La Marquesa Golf

119.000€

A popular and attractive villa with large garden, carport, different terraces and beautiful views.The property is located close to the commercial center with bars, restaurants, supermarket and the village of Rojales. For those who likes playing Golf, the golf course - with clubhouse -can be reached within a short distance. Living room, open...

65m2 Built · 2 Bedrooms · 1 Bathrooms · Pool


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