Thinking of buying your dream home, perhaps on the sunshine coast in Marbella? At Swish, we totally commend you! With over 320 days of sunshine a year, who wouldn’t want to settle here?
While it is great to find your forever home in the sun, many are now choosing to “try before they buy” by staying for extended periods in the location they wish to move to.
At Swish we specialise in rentals rather than sales, but we see many of our guests coming for holidays who actually end up buying here. It’s become a trend to rent before you buy, both with specialised deals from sellers and medium or long term stays becoming fashionable to get to know the area.
Here are 5 reasons why we applaud the “rent before you buy” movement and why you might want to consider it yourself:
- More flexibility
- Experience the area before committing
- Delay the commitment and explore
- More time to find the right partners
- Cost saving
1. More Flexibility
Renters can live practically anywhere, while homeowners are restricted to areas where they can afford to buy. Living in an expensive area may be out of reach for most home buyers, but it is entirely possible for renters. Although rents can be high in areas where home values are also high, often renters can find a more affordable monthly payment than home buyers.
2. Experience the area before committing
What lies beneath the surface of that “up and coming” area? When the agent tells you the district is great for commuting, how long will you really be sitting in traffic? What kind of neighbours will you have? These are all the things you can only really experience by staying in a place.
3. Delay the Commitment and Explore
If you have wanderlust, why not just enjoy not having to commit a little longer? In Marbella you could explore different areas to live in for a few months at a time from San Pedro de Alcantara, Nueva Andalucia or further out in resorts like Elviria.
4. More time to find the Right Partners
Living in the area before you buy gives you more time to really get to know agents, lawyers, brokers and bank contacts so when the time is right you have all your ducks in a row.
5. Cost Saving
In many cases renting can be a cost saver while you prepare to move. You may not need your own furniture and you will not have to pay for maintenance costs, insurance and repairs, all of which fall on the landlord.
Looking to rent in Marbella? If you are seeking a short or longer term place let us know, we would be happy to help.