Buying property in Croatia? OK, but first
If you own a holiday villa in Istria Croatia, you can rent it out to tourists (getting the bookings a year in advance!). Giving you the possibility to make a profit by selling the villa in 10-15 years, when the prices in Croatia will go up.
The problem is that when you start the procedure of buying a property in Croatia and start searching for homes for sale… you must also start dealing with sellers.
No matter if you are wealthy and respected in your home town. If you don’t have determination to analyse some aspects of the property before the purchase, the sellers will think that you are…naive. With money, but still, naive.
And that is a problem for you.
The seller’s interest is different from your interest. the sooner you are aware of it the better.
Conflict of interest between you and a no-name seller
When you are buying property in Croatia, you need to know that seller’s goal isn’t to help you and consider your concerns as an investor.
They just want your money in their bank account and never see you again.
The sellers are often no-name people, without having a brand and reputation they care about.
And what hurts more, a public opinion that the seller made a terrible job, that everyone can see, or a letter from a lawyer that only the seller and you know about?
Public shame hurts much more and motives people to make a solid job.
I’m not trying to say that you need to get a branded villa immediately.
You just need to get more information before the purchase.
Keep on reading to find out what to check, get informed and show everyone that you are not a naive foreign investor.
First step when buying property in Croatia, online research
Read and analyse real estate portals and its ads in Croatia, such as Njuškalo, Rightmove Croatia, Immobilienscout24, Immowelt, Place in the Sun Croatia, Crozilla, Real Estate Croatia and so on.
You need to keep updated on the market and what are the offers available.
Second step, meetings and viewing
When you find interesting options, organise the house viewings with the sellers or real estate agents.
Try and schedule them one after another, so that you can check as many as possible during your stay in Croatia.
The notes, if possible document with images and videos everything you see, take in consideration your feeling and first impression of the place.
Take with you a friend or acquaintance that can help you analyse the property.
It is very relevant recording somehow what is promised or said to you, so you can protect yourself against any traps.
The crucial step of buying property in Croatia: analysis of interesting options
Don’t get mistaken, no-one else can make the house analyse better than you, not an agent or seller!
If the seller tells you, that the house is 120m² , buy yourself a measuring tape and confirm 🙂
Request proven information – original and updated documents.
Anticipate and avoid serious problems after the purchase you, get enough information beforehand, anticipate and avoid serious of problems after the purchase.
The seller doesn’t want to share with you any negative aspect of the house that could lower your offer or make you give up the buy.
It’s not a matter of luck, which makes the difference on your investment return. It’s the a matter of researching, collecting information and planning.
Photos, visits and then? What else should you check to avoid any regret on your decision
Apart of seeing pictures and visiting the house, check also:
- Trends in tourism in Europe and in Croatia. If you buy a villa to rent out in a country, where tourism decreases, don’t think that its value will increase over time! If you’re buying property in Croatia, check official statistics.
- How were different construction steps made? Check who were the people involved on the construction, like geodesist, architect, builder and developer, checking those technicalities can avoid legal problems and construction problems, such as humidity.
- How the villa in Croatia, you want to buy, will be rented out? What is the marketing strategy for it? Who are the people who will do this job? Your initially helpful agent, once the villa is yours, will not be interested any more on helping you rent it out. Make written agreements with competent people before the purchase.
Don’t be naive when buying a property in Croatia, make sure you tick off the list above.
Professional analysis starts from the geodesist
From the geodesist? But, I’m not buying a land in Croatia. I’m buying a house!
Take control over the situation when buying property in Croatia, find out who was the geodesist involved in the house project and construction.
This figure is extremely important for the house and the plot. If he made errors, and you don’t do a professional analysis with a new geodesist before the purchase, you will end up paying for it.
Another case study, why should you pay extra for something that doesn’t exists?
Imagine you bought a house on a plot of 435m.
After a few years you wish to sell the house. For that you hire the geodesist to measure the plot.
You find out that the plot is of 400m! Meaning the land registry contains errors.
You have never had 435m. That means you had paid for something that never existed! And it’s only, because you did not check the size of the plot before purchasing with your own geodesist.
Now, if a new buyer surely reads this article and takes in consideration the advice, he will check your plot for sure before the purchase and will surely not pay for 435 m without checking!
Buying property in Croatia? OK, but first “coffee” with a geodesist. And you can have it right now
Deni, our geodesist works with Abaka a company based in Rovigno, Istria Croatia and has supported many successful projects with his knowledge and expertise.
His role is fundamental for any investment project in the real estate market – without him no villa could be built!
And that is why we interviewed the geodesist to share his knowledge with you.
- Why is the geodesist so important for an investor? What can the geodesist do for an investor?
- What type of problems a property investor finds if he doesn’t involve an expert geodesist in the project?
You will also learn:
- In how many projects was Deni Tomišić involved?
- What was the most difficult project that Deni Tomišić was involved in and how did he solve it?
- What are the best places to buy in Croatia? Istria, Dalmatia or maybe Zagreb zone?
- How does he imagine Istria Croatia in 10 years? What will improve until that time?
- The most important advice that Deni Tomišić can give to an investor buying an investment property in Croatia from geodesists’ point of view.