Tips for Buying your Townhouse in Altea
Buying a townhouse in Altea is not only an investment, but also an opportunity to enjoy a peaceful and picturesque lifestyle. Here we offer you a detailed guide with key tips to help you in the process of buying your townhouse in Altea.
Best tips
1. Initial Research
Old town: Explore the old town of Altea, known for its blue domed church and narrow streets.
Altea la Vella: A quiet and picturesque area located a few kilometres from the centre of Altea.
Beach and Port: If you prefer to be close to the sea, consider properties near the beach or the port.
Traditional Houses: Characterised by their typical Mediterranean architecture with white facades and interior patios.
Renovations and Refurbishments: Many townhouses in Altea may require renovations, which can be an opportunity to personalise the property to suit your tastes.
2. Determine your Budget
Purchase Price: Research the average price of townhouses in Altea.
Renovation Costs: If the property needs renovation, include these costs in your budget.
Taxes: Transfer Tax (Impuesto de Transmisiones Patrimoniales (ITP) and Plusvalia Municipal.
Notary and Registry Fees: Approximately 1% of the property price.
Lawyer's fees: Between 1% and 1.5% of the property price.
3. Obtaining Financing
Local Banks: Check with local banks about mortgage options for foreigners.
Documentation: Prepare your financial history, proof of income and property valuation.
Down Payments: Make sure you have enough money to cover the deposit and upfront costs.
4. Hire Professionals
Specialists in the Area: Look for experienced estate agents in Altea and the surrounding area.
Access to Properties: Local agents can offer access to exclusive properties and off-market opportunities.
Legal Review: A lawyer will help you review contracts and ensure that the property is free of encumbrances or legal disputes.
Tax Advice: They will guide you through the tax and legal obligations related to the purchase.
As you have read, buying a townhouse in Altea is an exciting decision that requires careful planning and the support of professionals. With the right steps and advice, you can find the perfect property that will allow you to enjoy the charm and beauty of this Mediterranean corner.
Get to know our real estate in Altea and get advice from our experts in the field on high value homes in this area of Spain.
