Buying a property on the picturesque Costa del Sol is a dream for many. With its sunny climate, beautiful beaches and charming coastal towns, this region of Spain attracts buyers from all over the world. However, amidst the excitement, it is crucial to avoid certain common mistakes that could turn your dream into a real estate nightmare. GR Estates has put together a list of things you should definitely NOT do when buying a property... take note!

1. Ignoring neighbourhood research

It can be tempting to fall in love with a property without paying enough attention to the neighbourhood, but not looking at the area in which you are buying your home is a MISTAKE. Do your research on safety, local amenities, transportation and any future development plans that may affect your quality of life in the future. A beautiful home in an unfavourable location could be a big disappointment in the long run, even if you think the house is worth buying because of its size, design or proximity to a specific location.

2. Neglecting home inspection

Don't get carried away by the superficial appearance of a property; modern furniture, beautiful style similar to the one you are looking for, possibilities for major changes etc. Conduct a thorough inspection to identify possible structural, electrical or plumbing problems. Hiring a professional for a detailed inspection can save you from costly headaches in the future.

3. Underestimating hidden costs

The price of the house is not the only cost to consider when buying a house. Local taxes, community fees, and possible repairs can add significantly to the total cost. Make a realistic budget that includes all these aspects, including the cost of transport (petrol, buses etc.) if the house is in the suburbs, to avoid unpleasant financial surprises once you are already living there and difficult to solve.

4. Forgetting solar orientation

In a place with as much sun and light as the Costa del Sol, the orientation of the property is key. Make sure the property gets the amount of sunlight you want and consider how this will affect your energy bills. A poorly orientated property can result in too much extra heating or cooling costs.

5. Ignore local regulations and restrictions

Local regulations can vary, and it is essential to be aware of them before buying a property. Check building regulations, land use restrictions and any other regulations that may affect your plans for the property you plan to purchase, such as alterations to add balconies, patios, renovations etc. This avoids legal problems in the future.

6. Dispensing with Professional Legal Advice

Hiring a lawyer specialised in real estate transactions is a wise investment. Don't rely solely on the word of the seller of the property or your close family and friends if they don't have prior experience and knowledge of the industry. A legal professional will help you understand all the documents, clarify any doubts and ensure that you are legally protected.

7. Do not consider resale

Even if you plan to stay in the property for a long time, it is wise to think about resale. The market can change, and a property with good resale demand gives you flexibility in the future. Don't be completely swayed by your personal preferences if this compromises the possibility of a successful future sale.

Buying a property on the Costa del Sol is an exciting adventure, but avoiding these common mistakes is essential to ensure that your experience is a positive and profitable one. Caution and research are your best allies in this process. And, of course, we're always here for any questions you may have - contact us and feel confident that you'll make the best informed decisions. Good luck in your search for the perfect home!

The GR Estates team