Looking for a home in Spain but contemplating whether to rent first before you buy? Consider these “not so fun” facts:
You’ll be throwing money away! Renting, even for a short period, means paying someone else’s mortgage instead of building your own equity. If you rent between reservation and completion, aim to keep it brief. The money you save on rent can increase your buying power, cover legal costs, or even pay for new furniture!
Renting can also lead to lifestyle stagnation. The longer you rent, the harder it becomes to settle and make the space truly your own. Worse yet, you have no security—your landlord could decide to sell, forcing you to move again. Renting could leave you with unexpected costs and limit your financial freedom. By investing in property sooner rather than later, you can avoid these pitfalls and build a stable, secure future.
Buying? Download “Your ESSENTIAL property buying guide for 2024”: www.BuyMyHomeInSpain.com
Selling? We have buyers! Contact me today on 966 718 392.
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