emotions, and of course, the money they have invested in it will likely
determine the overall value of the property. Especially if your retirement is
near, you might be thinking of the property as a way to increase your income
potential. But the problem comes when you don’t know where to start and how to
evaluate the property’s value to make a better-informed decision.
making a property investment, you shouldn’t overlook to focus on your immediate
needs as well as future financial obligations. Understanding how to evaluate
your property’s rental and resale value is important to garner a higher return
on investment. There is a number of ways in which you can evaluate the actual
worth of your property.
Let’s see some
crucial factors for property evaluation to garner good returns on your
1. FOCUS ON
property in Spain, especially the Costa Blanca region is a profitable long-term
investment. Spain’s capital gain tax is more than 20% that abandons any
short-term benefits you own. Keep in mind that cost doesn’t equal value, a good
starting point can be land, construction, taxes, permission, and professional
When you are
considering property as a rental evaluation, you should make an in-depth
assessment of your financial potential to serve as a primary step of an
additional source of income. It gives you a clear picture of the price range
and other costs and responsibilities that come along with leasing out the
spend plenty of time running numbers without deciding on what and where to buy
a property. It is necessary to invest time finding a property in an ideal
location to assess each property for its desirable value.
3. CONSIDER SOME
should look into mortgage options, down payment requirements and see where
owners will reside. If you are seeking a quick way to identify whether an area
is a good opportunity, calculate the price-to-rent ratio. If you receive a
number under 15, it is great buying a property in that area. If it is above 20,
you should move ahead and rent instead.
4. LOCATION IS
always choose to buy a property in a location that will attract tenants after
calculating the price/rent ratio. Properties closer to beautiful beaches and
necessary amenities should be on top of your list because tourists who head to
the area are likely to pay for maximum comfort on holiday.
5. CONSULT THE
Last but not the
least, expert real estate agents can be a useful resource to evaluate the worth
of a property. They carry local knowledge of the real estate market and will
help you calculate metrics linked with mortgages, maintenance costs, and more.
This can help you find a property that suits your financial health and reach
your investment goals.
planning to buy property in Costa Blanca and other regions of Spain, our
professional team will ensure to narrow down the best options and give you
peace of mind while knowing your investment goals are in the caring hands.
If you wish to receive more information, do not hesitate to contact us.
Phone: +34 966 397 944