Advice on running costs as we look to buy an apartment in Mojacar
Hi all. A new member here and I have to say this forum has already been so helpful to read through!
We have visited Mojacar three times viewing property and finally we have found the one so we want to move fairly quickly but get things right so we have no hidden surprises!
We are looking to purchase a 2 bed apartment property (agreed price of €125,000) but we want to get an idea of running costs to create a realistic budget of our outgoings each month. The property will be used by us and we also intend to rent for certain periods of the year.
Can people give a feeling for the costs below - say whether they seem about right and also identify anything which I have missed (obviously as I am having a mortgage I know that amount already).
1. Community Fees - fairly expensive on the complex we are looking at - €100/month. Question though - what happens if the community suddenly has an unanticipated cost?
2. IBI (council tax): someone has suggested about €220/year. Does that sound about right?
3. Water - been told normally €30/month and Electricity - €60/month. Of course I understand this depends on usage but does it sound about right for a 2 bed apartment? Do all apartments have their own water and electricity meters?
4. Telephone Line Rental and Wi-Fi - I was told to budget around €45/month. Again seem about right?
5. Bin Collection fees: confused on this one. Been told €33.50 every two months so €200 per year but seen some sites say much less than this?
5. Been told I have to pay a non-resident income tax each year on the property. Any guess about what this may be?
Anything else I should be including which hasn't crossed my mind?
Really excited about buying a property but we are fairly young buyers (both 37) so want to make sure I have it about right!
Thanks everyone.
David and Chris.