Newsletter
Offres,
légalités & lifestyle
légalités & lifestyle
Should you buy a new home or an existing property in Ibiza?
When it comes to buying a property in Ibiza, you might find yourself wondering if you should buy a new or an existing home. As all things in life, there are advantages and disadvantages in both cases, but here are some things you ought to take into account before making your purchase.
How easy it is to buy
It is normally easier to get a mortgage on a new build property. However, the fact that second-hand properties typically come fully-furnished and fitted makes the buying process much more easier.
Price and preservation
New properties are naturally in a better condition than existing ones, but for this reason usually cost more. The inevitable deterioration of previously owned homes makes them cheaper, in general, but the upkeep makes them more expensive in the long run.
Decoration
The good thing about a newly built house is that you can decorate it any way you want. That said, the existing style present in an old property, especially if it’s a traditional rural Ibicencan finca, may be very attractive and unique.
Expenses
Energy and water bills in new houses will be lower than in used ones as the insulation, heating, windows and other features tend to be more modern and efficient.
So as you can imagine, there is much more to consider when deciding if you should buy a newly built home or a resale property in Ibiza, and no two buyers will arrive at the same conclusion when reviewing all of the pros and cons of both types of properties. For some people, a new construction fits their needs perfectly and will be the right choice. For others, an existing home will tick all the boxes and will be the right decision for their financial and lifestyle goals. Whatever the final decision, it is important that you fully consider the advantages, as well as the disadvantages, of buying either a new or an existing home in Ibiza.
Big Events Not To Miss This 2020 in Ibiza
Ibiza is know all around the world for being the party capital of Europe, but the fun doesn’t all just…
Forecast Ibiza Property Market 2020
The latest report provided by the Spanish appraisals and valuations company TINSA, forecasts a steady moderate growth in the Spanish…
Christmas and Holiday Season in Ibiza: What You Need to Know
Christmas in Ibiza is something special, the island truly comes alive during the festive period. The celebrations are not a…
Solar Energy For Your Ibiza Property
100% renewable energy in Ibiza and Formentera is achievable as it’s estimated that we can enjoy around 3,000 hours of…
Change of Scenario in the Spanish Property Market
The Spanish property market shows the first signs of a slowdown. This year in Barcelona, for the first time since…
Reviews
Follow us
on Instagram