In Spain, 23% of households rent their homes. This rental market has grown through the past few decades as fewer people can afford or get accepted for a mortgage. Luckily, there are many high-quality options when you are looking at property for sale in the Marbella area. Still, you need to do your research when you are looking for a Marbella apartment. Do you want to learn what to look for when buying a luxury property for sale in Marbella?
Keep reading this guide for the top factors to consider when you are finding a new apartment in Marbella!
One of the most important things you must consider when choosing a Marbella apartment is the location. There are apartments for sale in all areas of Marbella, so it is easy to find a space in a good location regardless of your needs.
For example, some people would prefer to live in an apartment that is closer to family-friendly activities. If you choose an apartment in Marbella East, your apartment will be near popular golf courses and the family-friendly beaches in the area.
If you prefer sailing and other port-side activities, it may be best to find an apartment near one of the many marinas in Marbella.
You can also find Marbella apartments in more urban locations and more luxurious areas.
When you are choosing a location for your new apartment, you should also consider the level of tourism in the area. Marbella is quite a popular vacation destination. If you live in an area that is too touristy, it may be difficult for you to get around without running into many tourists.
Choose the Right Type of Property
Next, you need to consider the types of properties that you want to live in. There are many different kinds of Marbella apartments available on the market, each with different benefits and drawbacks.
For example, you can choose to live in apartments of varying sizes. If you want to save money and live in a less expensive area, you may want to choose a studio apartment.
If you are looking for a larger apartment, you can choose a larger penthouse suite or villa with more space! These types of properties will also typically have more amenities, outdoor space, and other benefits.
The type of property that you choose will depend on your budget and other factors.
Look at New Properties and Resale
When choosing an apartment in Marbella, you should also consider a resale property vs a new property for sale in Marbella. While residential construction isn’t as popular in Marbella, you can find a new build apartment if you are looking for a brand-new place to live.
Looking at new properties in Marbella will ensure that your apartment meets your exact requirements and specifications. However, they may also be a bit more expensive.
Another option is looking at the resale properties on the market. You can find resale properties in any area of Marbella! There is a huge selection of existing homes in Marbella and it makes it easier to find a great deal.
Still, resale apartments may require updates or renovations to fit your tastes. However, resale apartments are less expensive than a new apartment would be!
If you can find an existing home with an amazing location, it may be worth paying for these renovations! This is because a great location is something you cannot put a price tag on.
When you are buying a new apartment, the cost is one of the most important factors you need to consider. There is no point in looking at apartments that you simply cannot afford, so it is important to research the cost of a Marbella apartment before you start your inquiries.
Prices will vary significantly depending on many factors. These include the location of your apartment, the size of the apartment, and more.
For example, smaller properties that have less-expensive finishes will be much easier to afford than other high-end properties in the area. Typically, apartments near the center of Marbella are more expensive than those in neighboring areas.
To set a budget for your Marbella apartment, you first need to learn how much you can afford. Then, you can set a minimum and maximum price range for your new space! Make sure you don’t forget to include closing costs and additional fees that come with buying an apartment.
When you are considering the cost of your new apartment, it is also important that you research other fees. These include international taxes. If you move to Marbella, you will need to become a tax resident and you will pay income and wealth taxes.
If you have a real estate agent or a lawyer, they can help you plan for tax time! This will also help you avoid high tax bills.
Finally, you must consider whether you want to rent or buy your new apartment. While renting will cost less money upfront, you will not get any equity from your apartment. Buyers have to save for a downpayment and may have higher mortgage payments, but it is often a better investment.
Learn About the Neighborhood
Learning more about the neighborhoods in Marbella is important when you are buying an apartment. When you commit to buying an apartment, you are also committing to the people that you will be living near.
Because of this, it is best to explore the neighborhood before you buy an apartment! This way, you can learn more about the space, residents, and other activities in the area.
This will also ensure that you live in a nice area with high-quality residents. Often, photos can be misleading when you are looking at a new apartment. Visiting the apartment and neighborhood in person will help you feel confident that you will be comfortable in the area.
Ask About Communal Facilities
Often, apartments within a residential complex will have many communal facilities and amenities. These are important to consider before choosing an apartment, as they will make it a more enjoyable space to live in.
For example, many apartments will have access to things like a pool, gardens, and even exercise or sports facilities. The communal facilities available will also depend on the area of Marbella that you buy property in.
Older areas that mainly offer existing properties will likely have fewer communal amenities.
You can also learn more about the additional amenities offered in a specific apartment. These can add a lot of value to your space and make it more comfortable for you!
Learn About Apartment Finishes
Before selecting a new apartment, you also need to learn more about the apartment finishes. Because Marbella is a highly sought-after destination, there are many luxurious apartments and villas for sale.
However, some of the older apartments may not have the same high-quality finishes that newer apartments would have.
If living in a luxury apartment is a priority for you, you must learn more about the apartment finishes. Luxury apartments are more likely to be well-maintained and updated, include more amenities, and boast more spacious floorplans.
On the other hand, existing properties may only have basic finishes. They may not have new appliances and other personalization that make luxury apartments more comfortable.
Finally, you must research accessibility before you decide where to live. How hard is it to travel from your apartment? Do you have a long commute?
If you are worried about accessibility, it may be best to find an apartment that is close to public transportation. This will make it easy to get around even without a vehicle.
Not only do you want to consider the ease of accessibility, but you should also find an apartment that is close to many shops and other amenities. For example, are there great places for food and drinks near your apartment?
What shops and activities are close to your new property? Learning more about the shops near your apartment will help you find property in a great location.
Looking for a Marbella Apartment?
Marbella is an amazing place to live and provides many benefits to new residents! If you are looking for a Marbella apartment or Marbella luxury villas for sale, it is important that you do your research. Considering each of these factors will help you find the best place to live!
If you are looking for Marbella apartments for sale, Choose Marbella Real Estate can help! We have listings for luxury villas, apartments, and other types of property in the Marbella area.
Contact us today for help finding the perfect Marbella apartment for your needs.