What are the essential documents if you are going to become a homeowner?

According to the study prepared by Fotocasa, “Analysis of the real estate market in 2021-2022“, 80% of Spaniards own a home. If you are also going to become a homeowner soon, we recommend you to always have a series of documents at hand.

Essential documents if you are going to become a homeowner

We advise you to keep these papers in an orderly fashion so that they are ready in case of any contingency and to speed up the formalities related to your home.

The property deed

The title deed is a legal document, notarized and signed, that establishes the identity of the owner of a property. Once authenticated by both parties – buyer and seller – it must be registered in the Land Registry.

It is essential to keep a copy, since it is necessary for:

• Putting a property up for sale.
• To request aids related to the property.
• To prove the condition of holder in any administrative procedure.

The mortgage contract and amortization schedule

If you have financed the property through a mortgage, you should keep the loan contract at your fingertips, either in digital or printed format.

This document contains all the relevant information about:

• The stipulated period of time.
• The agreed interest rate.
• The mortgage type, whether variable, fixed or mixed.
• The monthly payments.
• A depreciation register.

The simple note

You are going to need to have the simple note if you want to sell the property.

This is a report issued by the Land Registry that is usually requested by buyers. It certifies the identity of the owner of the property and any outstanding charges or debts.

The rules and regulations of the community of owners

If you live in a residential building, it is likely that you have a copy of the statutes of the community in which the rules of coexistence are specified.

Keeping them in a safe place is the best option to be able to consult them at any time or to understand the decision-making procedure.

The most recent Property Tax receipt

The Real Estate Tax, IBI, is a municipal tax that is paid annually to the Town Hall of the town where the property is located.

It is useful to have this receipt located as evidence of the fulfillment of your fiscal obligations related to your property. In addition, it also contains the cadastral value of the property.

The energy efficiency certificate

This report provides data on the energy consumption and carbon dioxide emissions associated with a property, and is an essential requirement when selling or renting a property.

The certificate of occupancy

The certificate of habitability certifies that the property meets the minimum requirements for habitability.

It is indispensable when renting or selling your property. It can take up to 45 business days to obtain this certificate.

The home insurance contract

Finally, the home insurance policy contract. A writing that contains detailed information about the coverage to face contingencies such as:

1. Fires.
2. Theft.
3. Damage to the property.

Keeping this document within your reach will be useful in case of such eventualities. In it you will find the contact information with your insurer, telephone number, email address and policy reference.

Why trust KM2 Real Estate Services?

After knowing the necessary documents if you are going to become an homeowner, it is time to leave the whole process in the hands of KM2 Real Estate Services.

With a track record of more than 40 years, we will prepare, process and check any mandatory documents. We guarantee an expert, personalized and close service.

Do not hesitate to contact our team of professionals in our real estate agency in Barcelona or Madrid, we are waiting for you!