BUYING SPANISH PROPERTY OFF-PLAN

One of the most popular forms of buying property is off-plan. This means the property has yet to be completed or in most cases the property building of the particular phase has yet to start.

This is an ideal situation for the builders who will use your finances to complete the build. Buying off-plan also suits many buyers who will have time to either get their finances organized over a longer period and provides ample time to sell their current property in their home country.

Property investors have been taking advantage of the buying off-plan option for many years. You will find that many will purchase the most desirable properties and put them up for sale as soon as they have been completed. Once the property has been sold they move onto the next one virtually chasing the tower cranes along the coast. For those of us who are buying our dream home off-plan then the planning and commitment is something that can not be taken lightly. Research is the key to a successful purchase. Poor homework is one of the reasons why many buyers are disappointed with the finished property.

One of the problems of buying off-plan is trying to visualise what the finished property will be like after completion. Hopefully show apartments and homes are available to give you a real feel of the interior but they often do not have them for all the floor plans available. This is where you have to get the exact size of rooms and a feel of the space to be able to put together an accurate picture of the property you are buying.

If you are buying an apartment then you need to consider the views, not just on completion but how they may be effected in the future by new building work. If you do not like the idea of being overlooked then you need to take into account the complete plans of the development. Ground floor purchases may want to consider the security and additional noise factors.

Do you like the all day sun (south facing) or prefer the shade for most of the day with a little morning sun (north facing). Only by doing the research first can you be in a position to buy off-plan. Considering every option and eventuality will save a lot of heartache later on. There is no worse feeling than getting the keys to a dream home only to feel disappointed when it turns out nothing like you had imagined.