Advantages of buying a Property within a Owners Community in Spain
· 4 min. read · by Carmen de Arriaga
When it comes to buying a new home, we must take into account certain important factors. For example, our lifestyle, our plans for the future, the area we want to live in, the atmosphere we like, how many parking spaces we need, what budget we have, etc.
In this article we want to show you the elements to take into account when choosing to buy a property in a community of neighbours or an independent home in Spain.
As in most situations, everything has advantages and disadvantages. For this reason, in addition to the aspects that we are going to deal with, it is important to bear in mind that in a community it is always necessary to make a greater effort to live together in harmony.
Let's take a look at the fundamental aspects to consider when choosing whether to live in a community or individual home.
Budget for the property
The budget for living in a property (electricity, water, municipal taxes, rubbish, staff...) depends, of course, on the characteristics of each property. But, in most situations, the costs of apartments in owner-occupied communities tend to be lower than those of individual dwellings. This is because the costs are borne by all the neighbours and managed under the supervision of an administrator.
However, this rule does not apply one hundred percent when it comes to super-luxury urbanisations, as they have all kinds of high-end services which will require higher monthly and annual expenses because they offer a very special quality of life.
Additionally, many villas or mansions belong to residential groups that also levy expenses for the area. The budget for this type of development is high because they maintain strong security or offer exclusive sports activities such as golf.