The Canary Islands became over the years a place where people can enjoy a summer holiday at its best. The golden sandy beaches mix with the black volcanic ones, in a breathtaking landscape that allures tourists to come back for more. Among all, Lanzarote Island is one of the most visited, not only for its surreal atmosphere, but also because it offers accommodation facilities almost unmatchable in the world. Major companies will always have something new to offer their loyal tourists, but the last years tendency – one that becomes more and more popular – is that families who wish to spend their vacation in an unique place having it all, decided not to book hotels anymore, but downright buy or rent a villa in Lanzarote, making sure they can visit the island at their wish.
But buying a house means a lot of factors to be assessed and, most of all, a lot of sneak-peaking into other people’s backyards, just to check on how they’re doing. Buying a summer house in a foreign country means a lot more, in terms of laws and regulations, so here are some things you may want to consider before you decide that Lanzarote is the place for you.
- Money and timing. Prices in Lanzarote are still affordable but the market is getting stronger by the minute, so keep in touch with your agent at all times. Keep in mind that closing a deal is not so easy. Whether you have an already accepted contract, you’re into a short sale or you’re aiming for a Real Estate Owned house, the actual final step of owning a villa on the beach depends on how much the paper work will take.
- Make sure the house is what you paid for. Do you want to live in something that’s going to turn into a money pit? No. If you have time to explore, check, recheck and dig wherever you can to find out if the construction is solid and doesn’t need capital repairs on a long term. If you first rented and have a soft spot for a certain property, go detective on it.
- Location, location, location, the first rule in real-estate business. Fortunately, there are tens of options you can decide from. Be it a beach villa with a spectacular view of the ocean or a small house far from the madding crowd, Lanzarote has them all. Visit the HouseLanzarote website to get a taste of what you may find there, but make sure you settle for something that suits your budget and needs.
- If you have children, near-by entertainment facilities are the pillars sustaining the choice regarding house-buying. You don’t have children yet? Same thing. No matter if you decided to have your own place on the island just to make sure you will always have the possibility to take a trip with your friends or even business partners, choosing a place not far from the fun centers in Lanzarote means you can always have something to see or show any time.
And while you’re thinking, let’s research the market. Luckily, you don’t have to be billionaires. And if you are, it’s all for the better. Ranging from 130.000 Euros to 500.000 Euros, you can all find something to be happy with. So take some time to ponder the offers, drive around, take notes, check the feedback from other buyers, but sign the papers and enjoy your new home!
