New Build in Villamartin

7 tips for buying housing in Orihuela Costa in 2017

Despite the fact that the housing market has improved a lot in the last two years, before starting to buy it is advisable that you take into account these 7 tips.

2017 looks like a great year for investments, even though prices have begun to rise, the profitability of home buying does not stop rising. In this article we give you 7 tips to keep you going.

1. Choose the house with the greatest capacity to revalue.

Even if the property is not destined to the investment, it is convenient to analyze the existing growth prospects in the different areas in which we want to buy. There will be more dynamic areas in which the value of our house grows more in less time.

2. Get the best mortgage offered by the market.

The current situation offers very favorable mortgage conditions. Study the different options carefully and choose the one that suits you best.

3. Treat your monthly mortgage payments to no more than 30% of your net income.

One of the main problems of the real estate bubble was that home buyers became indebted to their possibilities. To avoid this problem, you should try to make sure that the monthly mortgage payments in your home do not exceed 30% of your income.

4. Choose the property that suits you best.

If you are going to invest maybe a second hand property to reform, to rent it. However, if you plan to live in it, maybe you will be compensated for buying new housing. The prices of this type of housing are no longer as high as during the real estate bubble, and buying on flat can ensure you pay much less.

5. Location is key when buying.

Whether it is to live or to rent, factors such as the existence of public transport, green areas, the proximity of shops or educational centres will always keep your investment up.

6. Calculate the expenses of the neighbourhood community.

If the spills of the community of neighbours are very high, or are distributed among very few neighbours, you will incur monthly payments that will greatly increase the investment.

7. Do not rush whe buying. Take your time.

So important is to know the market objectively before making a decision, as giving a quick response when the opportunity arises. Rush, or let the occasion pass, will give the fret a good investment opportunity.

Find your New build in Villamartín with E-Style Spain

A powerful reason to buy new home in Orihuela Costa is the powerful return on investment you have from the first year, while you use it as housing to spend your vacation.

If you are thinking of buying a new construction or flat in Orihuela Costa, in our real estate agent you will find a group of experts who will be able to help you in every step of the process so that you can achieve your objective. For the last 20 years, at E-Style Spain we have worked closely with the most prestigious developers and builders to provide the best service to our customers.

We are happy to invite you to start your search of housing in Spain with us. Do not hesitate to contact us if you see any property that catches your attention.