| If you're thinking of buying vacation property in | | | | properties that are within your budget so you're |
| Spain then you should consider the popular | | | | not tempted to overspend. Don't look at |
| vacation spot, Torrevieja. It has become | | | | properties for just their monetary value but also |
| increasingly popular with Europeans due to its | | | | the location and nearby services. |
| convenient location (a short drive from Alicante) | | | | Also think about how you're going to use the |
| and ideal climate. Not only is Torrevieja naturally | | | | property in Spain. Are you going to be staying in it |
| beautiful but there are wonderful sights and rich | | | | for a good amount of the year and not renting it |
| culture in this area. Here are some tips to finding | | | | out? Then you can look for Torrevieja properties |
| property in this city. | | | | outside the touristy areas and get more for your |
| Visiting Torrevieja | | | | money. If, on the other hand, you'll be renting out |
| Before jumping into a vacation property it's | | | | the property for much of the year then you |
| important to visit the area to get a feel for the | | | | should look for real estate near the touristy areas. |
| city. Visit in the peak season to see how the area | | | | Also, think more about the needs of potential |
| deals with the multitude of tourists as well as the | | | | renters rather than your own if it's going to |
| off-peak season to see how the area changes. | | | | primarily be a rental. |
| Some highly touristed areas almost close down | | | | Rental properties do the best in areas that are |
| completely in the winter months. Rent apartments | | | | close to stores, transportation and the beach. |
| in Torrevieja to get a real feel for neighborhoods | | | | These areas are the most expensive but they'll |
| and what it's like to live there. | | | | be easiest to rent and fetch a higher amount. You |
| Stay in different areas of town to find your | | | | may only be able to afford a small condo but |
| preferred places to buy. Make a list of the areas | | | | smaller units are easier to rent. |
| that interest you and stay in a different area (or | | | | Also look at the condition of potential properties. |
| two) for each visit to Torrevieja. Talk to the | | | | Think carefully before you invest in a "fixer-upper" |
| neighbors and shop at the local stores to give you | | | | and determine the cost to repair it. Remember |
| an idea which neighborhoods are right for you. | | | | that unless you're willing to move to Spain during |
| Buying Considerations | | | | the repairs, you will be remodeling without |
| There are many things to consider when buying a | | | | oversight. The amount you'll be saving with a fixer |
| vacation home. Determine your budget realistically | | | | upper may be less than you plan since you'll need |
| and don't forget to tack on about 10 percent of | | | | to be making several visits to check up on the |
| the purchase price for taxes and fees. Once you | | | | work. |
| know your price range then only look at | | | | |