Buying your new home in Ibiza can be a bittersweet experience. All at once, you enter into the exciting idea of living in a new home but then the bitter side of bills and unexpected repairs arrive as soon as you enter the front door. Whether you are a first-time home buyer in Ibiza or a veteran, there are plenty of unexpected surprises. Here’s what you need to know before taking the big leap into buying a new home.
Do you have enough money?
This question seems obvious but is always better to point this out. Getting pre-approved for a mortgage is the first step in the home-buying process, furthermore, do you know all the extra costs related to buying a property in Ibiza? There’s no point to waste your time looking at homes only to find out that you cannot afford them.
Hire a professional
We know that can be tempting to buy and sell a home with little help from a professional. Professionals cost money so why waste it if you can do it yourself? But even the most experienced buyer and seller will tell you that there is no better money spent than the one invested in a professional! There are just too many risks involved when going at this type of purchase alone. Find out in our extensive guide a list of reliable Ibiza rental estate agents and lawyers.
Is the property in a good neighbourhood?
It’s easy to fall in love with your dream home. You can spend days house hunting and then finally find ‘The One”. It has everything you dream about – a massive kitchen, beautiful views, a big terrace or garden…but is it in the right location? Before getting caught up in your dream home, you need to know that each neighbourhood in Ibiza has its own lifestyle, so read on and discover “How to Choose an Area in Ibiza”.
Consider the future
You think that you have found the right house in Ibiza, but there are many things to consider before making this big investment. Do you plan to have children while living in this home? Are there enough bedrooms and space for these said children? Do you plan to work from home? Is there space for a home office and area to meet potential clients? Think carefully about your future plans before taking this big decision.
As you can see, buying a property in Ibiza can be an overwhelming experience. Follow these tips, take your time, try to breathe through stressful times, and hire a professional to help you navigate the hot Ibiza property market. All the above points will take you to the doorstep of your dreams.