Advices for buying property in Croatia
Question of money.
First thing you need to consider, and this is not only for buying property in Croatia, is how much money you have and how much money you are ready to spend? After you answer these questions you will find what type of property you can afford. If you wish to buy real estate that is more expensive that your current financial situation allow you can always borrow some money. All banks offers real estate mortgages but before you take one it is important to be sure that you can pay it in future. Prior to investing in home or other kind of properties be sure to calculate all possible expenses like legal fees, taxes, costs of moving, etc. You must also take into account the future costs of property you are buying like heating bills (gas, electricity, fuel, oil), water bill, cost of insurance, etc.
Finding real estate
There are several ways that can help when buying real estate. Engage an licensed real estate agent for buying properties, check real estate adds in local newspapers, directly contact the construction company for details of new properties that were recently built in the area.
Negotiating the price
When you finally decide to buy certain property you do not have to immediately accept the offered price. If you think that property demand some additional work around the house or in apartment try to reduce the price for the cost of additional work (for example, repairing the roof). If you are buying property with an agent you need to tell him desirable price and real price that you can offer for property so that agent can negotiate in your name with these informations. If the owners of the property don't accept your first offer try to raise it. There are no limits in number of bids for the purchase of property.
What to do when your offer is accepted?
When the owner accept your offer you need to consider the following:
Is it possible to pay a deposit for property or real estate
Is there any additional fees that need to be paid
Who will do the transfer of ownership
Does property have all legal papers in order (certificate of ownership)
While you can be thrilled with some house or apartment try to ignore your enthusiasm and stick to basic principals which is to check all paperwork or ownership of property. The Land Registry is place to verify all necessary papers that property in order needs to have.
Last but not least
Once you have determined that the papers are clean you must consider the location where the property is located. Try to think how your every day living will go if you are living there. How transportation is organized? How will you get to work? Is there any kindergartens, school or shopping malls in vicinity? Neighbours are also very important. One of the things you have to watch out for is also the quality of the property (building) to see if the walls are old or is there moisture in the house - it's a problem that is not pleasant to fight. It is also very important that the property has the necessary connections essential for life - water, electricity, gas, sewage, Internet, telephone. Garage or parking space for all those who have a car is more than welcome "thing".
Interior design is also one of the additional costs whether you need to invest in furniture, bathroom or flooring. It is no small expense, especially when all you have to buy once. When all conditions are met, and you are delighted by the property try to consider how much this real estate is worth in a business way. If you need to rent it will it give you a profit? Will you be able to sell it in a ten years for at least the same price you paid it? If the all answers are positive then only thing you need to do is to sign the papers.
First thing you need to consider, and this is not only for buying property in Croatia, is how much money you have and how much money you are ready to spend? After you answer these questions you will find what type of property you can afford. If you wish to buy real estate that is more expensive that your current financial situation allow you can always borrow some money. All banks offers real estate mortgages but before you take one it is important to be sure that you can pay it in future. Prior to investing in home or other kind of properties be sure to calculate all possible expenses like legal fees, taxes, costs of moving, etc. You must also take into account the future costs of property you are buying like heating bills (gas, electricity, fuel, oil), water bill, cost of insurance, etc.
Finding real estate
There are several ways that can help when buying real estate. Engage an licensed real estate agent for buying properties, check real estate adds in local newspapers, directly contact the construction company for details of new properties that were recently built in the area.
Negotiating the price
When you finally decide to buy certain property you do not have to immediately accept the offered price. If you think that property demand some additional work around the house or in apartment try to reduce the price for the cost of additional work (for example, repairing the roof). If you are buying property with an agent you need to tell him desirable price and real price that you can offer for property so that agent can negotiate in your name with these informations. If the owners of the property don't accept your first offer try to raise it. There are no limits in number of bids for the purchase of property.
What to do when your offer is accepted?
When the owner accept your offer you need to consider the following:
Is it possible to pay a deposit for property or real estate
Is there any additional fees that need to be paid
Who will do the transfer of ownership
Does property have all legal papers in order (certificate of ownership)
While you can be thrilled with some house or apartment try to ignore your enthusiasm and stick to basic principals which is to check all paperwork or ownership of property. The Land Registry is place to verify all necessary papers that property in order needs to have.
Last but not least
Once you have determined that the papers are clean you must consider the location where the property is located. Try to think how your every day living will go if you are living there. How transportation is organized? How will you get to work? Is there any kindergartens, school or shopping malls in vicinity? Neighbours are also very important. One of the things you have to watch out for is also the quality of the property (building) to see if the walls are old or is there moisture in the house - it's a problem that is not pleasant to fight. It is also very important that the property has the necessary connections essential for life - water, electricity, gas, sewage, Internet, telephone. Garage or parking space for all those who have a car is more than welcome "thing".
Interior design is also one of the additional costs whether you need to invest in furniture, bathroom or flooring. It is no small expense, especially when all you have to buy once. When all conditions are met, and you are delighted by the property try to consider how much this real estate is worth in a business way. If you need to rent it will it give you a profit? Will you be able to sell it in a ten years for at least the same price you paid it? If the all answers are positive then only thing you need to do is to sign the papers.
