Enjoying holidays in Tenerife is a real treat. With its beautiful villages and nature, an intense sunshine and the fresh sea breeze, would not be great to visit it whenever you want? Every day more and more people are being encouraged to purchase a property in Tenerife.
The attractiveness of Tenerife
There are few places in the world like Tenerife. With a spring weather 365 days a year and thanks to the variety of its nature is ideal for outdoor activities of all kinds, and there is always something to do, from mountain hiking to surfing on the beaches. It is especially popular with families for its fantastic theme parks, Siam Park and Aqualand, plus the chance to discover wildlife in Jungle Park and Loro Parque. For those seeking moments of tranquility, the island also offers the opportunity to go cycling, boating, horseback riding or diving. Additionally, you will be able to visit numerous enchanting beaches.
Step-by-step guide to purchase property in Tenerife
- Find the right property: Even in such an attractive environment as in this island, the location counts. The apartments near the main resorts are a good investment and provide easy access to their facilities, but to find larger family homes, it is advisable to search in the suburbs.
- Find help: To make the purchase you will need a lawyer to review the contract and supervise the transaction. Also, you need a real estate agent, so we suggest that you ask to friends and acquaintances so you can contact one of confidence.
- Find out all the costs: Purchasing a property involves significant financial investment. Remember to allocate funds for lawyer fees, notary services, property registration, taxes, and any renovation or refurbishment expenses.
- Don’t rush: We all know that buyers are often eager to secure a property, and sellers can take advantage of that. Take your time and remember that this is a lifetime investment, so avoid rushing into decisions.
- Secure Your Property for Vacation Absences: If you won’t be occupying your vacation home full-time, it’s crucial to prioritize security. Install an alarm system that meets your needs and build relationships with your neighbors for added peace of mind.
- Consider renting it: Unless you plan to move to Tenerife after retirement, you may want to consider renting out or selling your property on selected days. Keep this in mind during renovations and structural modifications.
The two most common mistakes when buying a vacation home are overestimating financial capabilities and seeking unrealistically low-priced deals. By following the six steps we have described, the purchasing process will be much easier. You will have an affordable second residence to enjoy your holidays on this dream island.
For more information, contact us at: contacto@tfe.es