Before purchasing, it’s important to determine your purpose: living, relocating, renting, investing, or as a backup. Without this, it’s easy to choose the wrong location and property type.
A low price may mask high maintenance fees, an inconvenient location, or rental difficulties. It’s important to evaluate the total cost of ownership.
Buyers often fail to factor in maintenance fees, utilities, taxes, and management costs, which is especially critical for investors and retirees.
Busy tourist areas aren’t always suitable for living, and quiet neighborhoods aren’t always suitable for renting. The location should match the purchase’s purpose.
A guaranteed income is a common marketing promise. Actual income depends on the season, rental type, and expenses.
Even if the property appears to be visually perfect, it is necessary to check the ownership rights, debts, encumbrances and terms of the contract.
If the owner does not reside permanently in Bulgaria, it is important to resolve the issue of management and rental in advance.
Purchasing real estate alone does not automatically grant a temporary or permanent residence permit—this is a common misconception.
Most mistakes are not related to the market, but to a lack of information and haste. A smart approach can help avoid risks and unnecessary expenses.
