Do you want to live in a villa? Living in a villa is a way for some people to show off their prestige, as well as a very convenient way to stay close to city centers. However, you have to consider a number of factors when choosing a villa for your family and you. Here are some of them:
Location, Location, Location!
Don’t sign a contract without thinking about the location of your favorite villa building. Buying a villa isn’t a deal you should take lightly, even if you do have the money to do so. For example, you can check Villas for sale in Marbella and others to ensure that the location is ideally suited for all your needs. For example, look for proximity to your office, transit stations, schools, malls and convenience stores.
What Type of Villa Do You Want?
Are you a modern with a classic design? Are you looking for a traditional grand house? If you are in between, what do you want?
Or just want a home that’s convenient and functional, with custom touches, where your child can grow up, have friends and family, work and play, and where the aesthetics will complement each other The type of villa you choose is not a static measurement of what kind of people live there. There are numerous ways to look at the housing market and which types of homes have the highest and lowest sale values. Some of the factors that influence home valuation include market size, price variation, and supply. However, over time, there is a correlation between a number of factors such as price variation and the presence of a market. The presence of a market also has an impact on the number of available homes.
Consider the Value for Money
While the location and type are important factors, the price of your new villa will also depend on the different features it has. Check out all of the different facilities offered as a part of your buying price including a gym, pool, daycare and other awesome facilities. Consider the price you have to pay and compare it to the value you will get by paying it.
Choose the Right Villa Development Company
Just like buying any real estate or development, a villa purchase is an investment in your future. Because of this, you have to ensure the best quality purchase. Checking out the history of your villa company and finding out if they have any skeletons in their closet is a good way to get started. Do your research by looking at previous projects, turnover rates, and possible delays in the completion of the villa’s development.
Pick the Right Way to Pay
Payment schemes vary depending on the developer of the villa. For the most part, you can pay either upfront or in installments. There are some developers who require the full amount to be paid before you can use the villa. Check the contract for any small print that could throw the deal off balance. While you are at it, check for any hidden fees that weren’t mentioned by the salesperson or the advertising.
While talking about money, getting a loan is also something you need to consider if you don’t have the budget to buy the villa with your personal finances. Most banks offer loans with an interest rate of about 1.2% if you want to buy a villa. Some of them front up to 80% of the total price of the villa!
Before you approach a bank to ask for a loan, think about the insurance coverage of the villa and get all the paperwork in order. Approach them personally, not through an agent. Keep a copy of your income statement, tax returns and other financial documents to keep the bank happy.