When buying a home we have many doubts and one of the most recurrent is usually how much it costs to maintain it.
If you're going to buy a flat for the first time, here are what the fixed expenses of a house are.
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How much does it cost to keep a house a year?
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An annual housing expense is divided by taxes, consumer expenses and compulsory payments.
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IBI in Malaga
The Ibi is the real estate tax, that taxes all estates on property, and it's a tribute that is paid to the city council. In Malaga it is processed directly in the tobacco building, where you can make annual payments or direct it in various installments directly into your bank account. Depending on the type of property the amount to be paid may be variable.
Garbage Rate
In some cities it is paid in part and in others it is included in the IBI. It is another tax paid to the city council in terms of the sanitation of the city. The figure may vary depending on the area you live in.
Community Expenses
It is a fee that must be paid monthly to the community of owners, to ensure the maintenance and cleanliness of common areas. Depending on the number of neighbors and the amenities enjoyed in the building, this rate may vary. If you're going to buy a home, Find out if there are previous defaults, or if there are any spills.
Community spills
It is an increase in the community fee that is paid on time to proceed with the payment of some extraordinary expense, as it can be, refurbishing the facade or installing a lift chair in the portal. As it is an expense that is not included in the usual maintenance of the building, usually has an end date that does not usually exceed the year and the fee must be approved by the owners in an ordinary meeting between the community and the estate manager, to make it effective.
Home insurance
It is mandatory to maintain basic home insurance that can cover fires and breakdowns, because in this way we safeguard ourselves from being involved in some possible accident. A ruptured pipe, humidities, or damage caused by electrical breakdowns are often the most repeated notices in insurers. Each insurer will be able to inform you of the prices and coverages that can offer you that best fit your circumstances.
Basic supplies
To make your home habitable, you'll need to hire basic supply services, as Light, Water or Gas.
If your home's installation is butane gas or city gas you will see a difference in price and consumption depending on the type of supply you use. Normally the price of companies is governed by a standard value and there is usually no competition. As for the water supply, there is only one municipal company that is responsible for regulating drinking water. Unlike electric light companies, there are usually several companies that can offer you good offers customized to your electricity consumption, recommending special time slot rates.
Extraordinary supplies
In our modern life we are already used to living with Internet and on-demand television. Here are other services you'll need to consider hiring to make your life more comfortable. Companies usually already offer packages that include a phone, TV and the Internet. It will depend on your personal tastes and use of these devices to be able to choose between one or the other company.
Security
It is always advisable to hire an alarm and security service to be able to stay calm whenever you leave on the trip or if you have people in your care. Cameras that connect directly to your mobile app if they detect any irregularities in the home. It's a point to consider.
Emergency fund
Even if it's not a mandatory expense, it is always highly recommended to spend a portion of the proceeds on a emergency fund. Every home requires maintenance that we cannot ignore, from giving a hand of paint to replacing an old window with a better insulation window. The renovation of appliances and furniture throughout the year is more common than we think and we must be prepared for any unforeseen.
Mortgage
Mortgage fee, if there is a, is a bank contract established under notary with which we undertake to return an amount in a series of monthly instalments and within a closed term established previously. This quota it can't go beyond the 30% of our income, so if you're thinking about buying a home, you have to be very clear about your long-term economic stability. In any case there are insurance that covers you in case you run out of work or you can always negotiate new fees with your trusted banking office. To find out if you're eligible for a mortgage, consult now with our financial MaxiCredit.
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