Holiday Home in Spain: Buy or Rent?
With progressive politics, warm weather, and pleasant people, many people look forward to spending a substantial portion of the year in Spain. Spain has the sophistication of the rest of Europe, with comparatively lower costs to live than Switzerland, France or Germany. And with Spanish such a common language in the US, many visitors find that getting by with a few simple words and phrases comes easily enough.
Like Hemingway, Picasso, and Gaudi, you may find that Spain's allure is a powerful thing! Many people choose Spain as the ideal destination to go for retirement, and people fortunate enough to live in neighboring countries often consider it as a great weekend getaway spot. A home in Spain for the holidays can be the perfect getaway.
Do You Want to Rent?
Of course, renting is always an option when finding a holiday home in Spain. Even with the Euro's recent rise, many find rates that are reasonable. Once you establish a good relationship with an owner, you may become a favored renter, coming back year after year to freshen up your family's Spanish skills and dine on delicious oxtail soup and other regional Spanish cuisine.
Then again, if you choose to go back every year, there is strong incentive to purchase your own property and use it whenever you like. Making the leap from renting to owning overseas property is not especially difficult, but there are considerable details involved in the process. It's a good idea to have a hand from a lawyer skilled in foreign real estate to ensure that neither you nor the seller feels unfairly treated. And it'll help you stay legal-always a good thing when you're a guest in another country, permanently or otherwise. Let's keep your home in Spain for the holidays chaos-free!
Insurance
When you make the decision to buy your own Spain holiday home, insurance is highly recommended. You never know what can happen! This is especially true if you choose to rent your property out to other individuals throughout the year. With proper coverage, you protect yourself financially if something goes wrong, from burst pipes to fire. If you plan ahead with insurance, there is a strong possibility that you can recoup your coverage costs by charging rent to those looking for their own temporary holiday home in Spain.
Popular Regions
If Florida's too hum-drum for you, consider Spain for your retirement years. Remember that lovely climate and reasonable cost of living! The lovely Costa del Sol region has a very high number of retired persons in residence. Both Spaniards and people from all over the world have picked this spot. As a result, the community is very supportive to retirees. However, the costs of this region can be large, and you may want to check out other locations for your ideal home in Spain for any holiday.
