The house you looked at today and wanted to think about until tomorrow may be the same house someone looked at yesterday and will buy today. 

– Kaki Adasi

Spanish people use to stay “Do not start the house with the roof” – and we think you should use this philosophy to strategically select a suitable property for you. We have created a list with the 7 most important points you should consider when establishing your personal criteria preferences and requirements of your dream house:

Location

 

When thinking of the location, you should ask yourself the following questions: Would you rather be in a vibrant hot spot close to restaurants, shops, bars, etc. or live in a quiet countryside area? What is really important to your proximity to facilities or space and or tranquility? What is important to you when you are on a holiday? 

Cause/ Intention

The cause or intention of the purchase is very important when choosing your dream holiday home. Are you looking for your second residence in Lanzarote that you can escape to every time you feel like it? Or are you looking rather for an investment property that you can rent out to holidaymakers? Or maybe a mix of both?

  Amount of bedrooms

Your need for space might vary: since you are not spending too much time here, you might not need the same amount of bedrooms as at home or can sacrifice some living room space. Or maybe you have a big family that will visit once in a while?

 

   Accessibility  

Unfortunately no one of us gets younger so accessibility should be considered before deciding on which property to purchase. You might still choose a two-storey house but with the comfort of having at least one bedroom on the ground floor.

   Pool or no pool

Your home in Lanzarote should not be missing a pool – especially if you have kids that love to swim. But of course it might not be a necessity if you are not using it often enough and implies maintenance and costs.

 

  Size of the built area and garden size

Have think of the right amount of space you need and want – and overall that you want to maintain. As said before your preferences might change when you are in your second residence, you might focus more on the outside space and configuration than the size of the built area.

  Views: Sea or mountain views

 

What would you prefer to wake up to, the volcanic landscapes of Lanzarote or the Sea? Keep in mind – you cannot have everything in life! There is no perfect house – only you can make it perfect!

  Frequent questions

What are the most important factors to consider when answering the question "How do I choose the right property for me?

When answering “How do I choose the right property for me?”, it is crucial to consider several factors, such as your budget, location, size and type of property, proximity to services and transportation, neighborhood safety, and real estate market trends. It’s also important to think about your long-term needs and the possibility of future resale.

What kind of professional advice should I seek when asking "How do I choose the right property for me?

It is advisable to seek advice from an experienced real estate agent, a real estate attorney, and a financial advisor. These professionals can provide you with valuable information about the market, help you avoid legal and financial problems, and guide you through the purchasing process.

How can I properly research the real estate market when asking myself "How do I choose the right property for me?

You can start by checking real estate websites, reading market reports, attending open houses, and talking to local residents. It is also helpful to analyze price trends, availability of similar properties, and appreciation rates in the area of ​​interest.

What common mistakes should I avoid when trying to solve the question "How do I choose the right property for me?

When trying to resolve the question “How do I choose the right property for me?” Some common mistakes to avoid include: underestimating additional costs such as taxes and maintenance, making hasty decisions without enough research, and not considering your future needs. It is also important to avoid getting carried away and look for properties before having a mortgage approved if you need one.
 
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