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Blog entry by Armand Hay

Purchase costs arrive first. From one market to another, the costs may cover stamp duty, notary costs, registry costs, the cost of legal advice and agency commission. For budgeting purposes, set aside a meaningful percentage on top of the price, and verify the actual local figures.

Yearly taxes on the property for sale in esentepe apply every year afterwards. The rates differ substantially, and mataro real estate some countries levy different rates depending on residency. Where a unit is left unused for much of the year, extra charges sometimes apply.

Community fees are often overlooked. An apartment in a complex with a pool, an elevator and round-the-clock security comes with monthly costs that run on whether you are there or not. Obtain recent accounts from the management company before you commit, and look for upcoming renovation projects.

Distance creates a category of its own. A caretaker has to hold keys for maintenance visits, accept letters and bills, and arrange repairs. Property management normally charges a percentage of the rent, and going without it usually proves expensive in a different way.

Insurance, utility standing charges and exit costs finish the calculation. Capital gains tax often applies even to a non-resident owner, occasionally at a higher rate. A useful exercise means putting together a simple long-term cost projection before making an offer — the total tends to exceed what the buyer imagined.