Cheap Townhouses For Sale in Orihuela Costa Costa Blanca
Living by the sea is a dream that can be realized. It supposed to do some work of a lifetime. Undoubtedly, all those who have dared to make the leap know worth. Year-round sunshine, good temperature, relaxed lifestyle that brings health and quality of life. The advantages are well known. But to get there, we must find adequate housing. And then pay it.
Casas Espania in half a century we helping European customers of all nationalities to buy your home in the Costa Blanca and Costa Calida. We know of what we speak. In this article, we offer 4 tips that will help you know whether you can afford to buy that house on the beach you want so long.
Tip 1. Multiply by 4 the gross income of your household.
Experts recommend that with reference to the total gross income in a year in your home, you multiply this number by 4. You should not spend more money to buy housing that the result of this simple calculation.
However, remember that this is only a reference. If you have money extra income as a sale in progress, or, for example, an inheritance, maybe you can think about spending a little more.
Tip 2. Do not pay the loan or mortgage with more than 50% of your monthly income
It would be best, in fact, that percentage did not rise 30%. But each case is different. Still, he thinks that spend more than half of the money from your paycheck or retirement housing may be unwise if unforeseen circumstances eventually.
Tip 3. How much money per square meter will give me the bank?
In Spain, according to recent data, banks are paying slightly less than 1,100 euros per square meter acquired. To give you an idea, if the property had 125 meters, the bank could lend 125,000 euros. This figure changes depending on the bank and the region. It is a good idea that the bank will provide this figure. Well, generally the realistic figure of money you can lend. It will help you know how much you can spend.
Tip 4. Calculate carefully your savings
Spanish banks stopped giving mortgage loans and 100% of the value of the property a few years ago. Today miraculous that this percentage would rise to 80%.
The credit situation in the last year has improved substantially, and that coupled with the low interest rate of Euribor, we can say that financing is cheap today. However, it is advisable to have some savings to pay its share of the bank does not pay us.
If performing these 4 tips, you conclude that you have enough money to buy a home on the coast, contact us. In Casas Espania we have a wide range of properties of all types that will fit your needs.