Ultimate Guide To Buying a New Property
By Spencer Williams
Buying a home in Spain has always been a dream for people that have fallen in love with the country, but it is important to do it right and to avoid any legal pitfalls.
Once you take the right measures, then you can enjoy your new life in a country full of sunshine and a friendly culture that you will bring loads of new experiences.
Yes, the Spanish system can seem to be very complicated, and you could end up with a hefty fine if you don´t do things properly over legal and tax matters.
This simple and ultimate guide to buying new properties in Spain features the top ten legal steps to pave the way for a happy future with no nasty legal surprises down the line.
The 10 steps required for a new build property
- Building licence. Sun Lawyers will make sure that a licence was asked for at the local Town Hall, and they will collect it as well.
- Quality report. This important survey will be used to confirm whether the new property was built using the right building materials as well as things like paints and ceramics..
- Property and urbanisation plans. A crucial aspect that Sun Lawyers will check..
- New build deeds and structural certificate. The legal aspects of how your property is legally sorted with all the specific details will be looked at.
- Bank guarantee. This is the way to secure your new home from an upfront paid deposit. If the builder gets into financial difficulties during the construction of the property, the bank guarantee would cover your deposit.
- Completion certificates. This certificate proves that the building of your home was done correctly under Spanish law and under the original drafted plan.
- Habitation certificate. The Town Hall will produce a document to certify that your new property is fit to live in.
- Decennial insurance. What would happen if you discovered some structural defects in your home in a few years time? Decennial insurance would cover any costs, so it is important to make sure you have it.
- Light and water certificate. You need this to get a service from a utility company.
- Cadastral registration. Your new home needs to be registered at the tax office, and then the local council tax that you pay, will be based on those details.
Several more steps
After the top ten, we´ve squeezed in two more extra steps that happen.After the top ten, we´ve squeezed in two more extra steps that happen.
- The builder will meet with a notary to sing the property title deeds, which will state that the house has been built.
- Your lawyer will then be able to go ahead and to sign those deeds either on your behalf with a power of attorney, or with yourself there for what should be an important moment.
You get those keys to your new property, and you can then fully start to enjoy your new life!
The legal steps mentioned in this article are tricky to people with no experience in such matters, which why you should never try to do it on your own.
Beware of credible-looking websites which tempt you to go through the whole process on your own!
Always have a professional expert guiding you through in what is one of the biggest financial commitments you could possibly make.
You also want to be certain that whatever you buy is safe and legal for you and your family.
They are ready to help to make your dreams come true and crucially stop any Spanish legal hassles.