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4 Tips for Successful house hunting in Cyprus

4 Tips for Successful house hunting in Cyprus

Finding a property that best works for you in Cyprus takes the right approach and knowing the place well enough. With enough investment you can get yourself a dream house to enjoy all year long! Here are some general tips:

Considering VAT? - One of the main things to keep in mind is that you won’t have to consider the 19% value added tax for a house that has been resold. As far as new houses are concerned, you can claim much of the VAT you paid initially, as long as the property is not more than 200sq. meters covered space.

Figure out your needs - it helps a lot if you know what you are looking for. When you have a list of specific wants and needs, it is easier to find a place that matches your expectations or at least makes it easier to filter possible options. Usually the needs include a preferred square footage, number of bedrooms in the house, nearby schools and other amenities. These are usually constant, meaning that you cannot change them as your home removal is underway. Of course, you can also focus on specific features, such as hardwood floor, updated kitchen, beautiful view to the beach outside and other such. It is wise to keep in mind that the first category of factors should take precedence over the second one.

Find a good realtor - if don’t choose a property developer and directly, and you are willing to pay the price of buying through a real estate agent, make sure you hire a reliable professional. What you can do is ask family or friends if you have in Cyprus about recommendations. Alternatively, you can do your own search for a realtor, same way you do a search on a moving company. Don’t forget to ask for references! Send detailed information to your realtor, regarding your needs and wants. That way they will be able to find the right home for you.

Keep notes of every potential property you are shown - one thing you should keep in mind is that companies charge different prices for a home in the same area. That is why you must base your choice on a house on various other factors as well. Something as simple as a list of pros and cons goes a long way in helping you narrow down the perfect property for you.

 

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