Everyone has regrets, but what do people regret the most with an important decision as the purchase of a second home in another country like Italy?
We want to help you out. So we have compiled a list of the most common regrets expats say they regret and you should avoid.
Just read through these and trust us. It’ll be worth it.
1. Not getting a home inspection before finalizing the sale. In order to prevent unexpected surprises, you shouldn’t skip this important step. It is better to seek the help of a professional to check the real condition of the property and its systems before you sign the final deed. It can reveal critical information you might want to know in order to forecast future additional costs.
2. Underestimating extra costs. When planning the budget for the purchase, make sure to consider all the costs involved in addition to the property price, such as the notarial fee, taxes on the purchase and on the ownership, insurance, etc.
3. Not visiting the neighbourhood at different times of day. It could be different after dark compared to the morning. It can reveal if it is noisy or potentially unsafe.
4. Not checking if the area is well-served by public transportation and facilities. It is a good idea to talk to some locals to find out more about living in the area and spend time there in different times of the year. For example, if you don’t have a car it may be very useful it there is a bus or train station nearby or if you can reach the shops also on foot.
5. Wasting money on mortgage payments. Research what your options are by comparing different banks and loan institutes. So ask for different quotations.
6. Not checking if the property is free from debts.
7. Not talking with neighbours to know the potential issues of the condo/neighbourhood if you are buying an apartment.
8. Not checking the condominium regulation. The status certificate includes many useful information you should be aware of before signing any paper. It contains budgets for future renovations or repairs to the buildings, as well as accounting information on the unit in question, but it also outlines what the buyer is responsible for in terms of rules, regulations, rights, and obligations.
Keep these notes in mind when house hunting for your home in the bel paese.