Quick Guide: Buy Your First Home in Los Alamos Stress-Free
Taking the step from renting or living with family to becoming a homeowner is exciting, but it can also be a bit overwhelming. And if you have chosen this area, congratulations! To buy your first home in Los Alamos is one of the smartest financial decisions you can make today on the Costa del Sol.
Why? Because you are not just buying square meters; you are buying a strategic location with a direct connection to Malaga, the airport, and the beach. But where do I start? At Sunstay, we have created this roadmap specifically for first-time buyers.
1. Why is Los Alamos Ideal for Your First Home?
Unlike other more residential or older areas of Torremolinos, Los Alamos has a young and vibrant energy.
-
Total Connectivity: If you work in Malaga city or travel often, the CercanĂas train takes you to the center or the airport in 20 minutes. Forget the car.
-
Appreciation: Being a high-demand area, your first home will not lose value. If your family grows in the future and you need to move, it will be very easy to sell or rent it out.
2. Clear Numbers: How Much Do I Need to Save?
The number one mistake when looking to buy your first home in Los Alamos is looking only at the listing price. You must account for associated costs.
As a general rule, banks usually finance 80% of the appraisal value. You will need to provide:
-
The remaining 20% (the down payment).
-
Between 10% and 12% additional for expenses: This includes the Property Transfer Tax (ITP), Notary, and Land Registry fees.
Sunstay Tip: If you are under 35 and this is your main residence, in Andalusia you may benefit from ITP tax reductions (paying a reduced rate instead of the general one). Ask us, and we will crunch the exact numbers for you.
3. Define What You Want (And What is Negotiable)
In Los Alamos, there is everything from frontline apartments (more expensive) to complexes with pools on the second line (quieter).
Make a list of your must-haves:
-
Do you need a terrace? (In Los Alamos, this is almost mandatory to enjoy the climate).
-
Parking space?
-
Community pool?
4. The Buying Process with Sunstay: Step by Step
To make sure you don’t get lost, we simplify the process into 4 stages:
-
Search & Visit: We select homes that fit your real budget.
-
The Offer: When you fall in love with an apartment, we submit a formal offer. We negotiate on your behalf.
-
Arras Contract: We sign a pre-agreement where you pay a deposit (usually 10%) to secure the house and take it off the market.
-
The Deed (Escritura): We go to the Notary, hand over the keys, and… you are now a homeowner!
To learn more about housing regulations in our region, you can visit the Junta de AndalucĂa website .
Ready to Stop Renting?
To buy your first home in Los Alamos doesn’t have to be a bureaucratic maze. At Sunstay, we specialize in helping first-time buyers find their ideal home without the fine print.
Come see us, have a coffee, and let’s see what is available for you on the market right now.
