How much does It Cost to Maintain a Villa in Marbella?
The purchase of real estate in Marbella represents a significant financial commitment. The cost of acquiring a villa, which typically feature a private pool and multiple bedrooms and bathrooms, begins at approximately 1,500,000 euros. This price varies based on its location, and other factors.
Following the acquisition of a villa, a critical consideration is its ongoing maintenance. This article aims to outline the various expenses that new owners can expect to encounter when they take possession of a villa in Marbella.
What is included in villa Maintenance?
The expenses associated with the upkeep of a villa are influenced by various factors, including its location, the dimensions of both the house and the land, the age of the property, and the characteristics of the surrounding urbanization or area.
For instance, in gated communities, additional expenses for security are incurred alongside fees for waste collection, land enhancement, and the maintenance of general infrastructure. The maintenance costs of an urbanization fluctuate based on its services and the total number of villas or residents within the area.
To start, We could consider the following costs:
1. Taxes.
- Annual Council Tax (IBI) is assessed at a rate between 0.4% and 1.1% of the cadastral value, which typically is significantly lower than the market value. The maximum payment for this tax is capped at EUR 1,500 and is due by December 12th.
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Rubbish collection tax. This rate is applied by the Town Hall according to the property and payable every 6 months. For an apartment in Marbella rubbish collection is approximately €180 and a villa approximately €300 per year.
2. Cleaning the pool.
The pool necessitates weekly maintenance when utilized on a regular basis. Engaging an employee to perform cleaning duties and oversee the water quality will incur a cost of approximately 50 euros per visit, resulting in an estimated monthly expense of around 200 euros.
3. Gardener fees.
The gardener’s hourly rate is set at 15 euros per hour. This rate may vary based on several factors, including the size of the garden and its level of overgrowth. A more intricate landscape design and a greater number of plants will result in an increased fee. Additionally, it is quite common for gardening companies to provide pool cleaning services, allowing for the possibility of combining services 5 and 6 into a single fee.
4. Utility Bills.
Water and electricity services will incur a subscription fee of 120 euros upon connection. The monthly payment based on meter usage will range from 300 to 500 euros. In cases where the residence is unoccupied, only a fixed monthly fee will apply.
Internet. Generally, the majority of Spanish service providers offer a bundled package that encompasses internet, television, and telephone services. The monthly cost for this package is approximately 50 euros.
5. General Maintenance.
The cost of maintaining a villa in Marbella includes frequent painting to counteract sun exposure and salty air, and regular repairs for wear and tear. Ensuring the villa retains its value and appeal.
6. Security
The expense associated with the installation of a security system in a newly constructed residence is estimated to be 400 euros. Typically, alarm systems are pre-installed in villas. The monthly service charge is expected to range from approximately 40 to 200 euros.
7. Community fees.
The expenses associated with the enhancement of communal spaces and the upkeep of internal infrastructure within urban developments are included in this amount. For villas situated in gated communities, the monthly fee typically ranges from 300 to 1500 euros, contingent upon the specific complex. The pricing is variable and is influenced by the characteristics of the individual urbanization and its location.
Is there a “wealth tax” for people owning property in the Marbella area?
Wealth and Solidarity Taxes must be taken into account, as they are intricate and contingent upon the taxpayer’s obligations and the assets held both in Spain and, in certain instances, globally. Certain asset categories may qualify for exemptions in the calculation of tax liability; however, this does not eliminate the requirement to declare them. Given the current complexities associated with these taxes, Panorama strongly advises consulting with your legal counsel regarding your specific situation and potential tax obligations.
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