When people first move to Tenerife and rent in a complex or buy property which is contained within a complex, they can sometimes find that the community management is a little … well … complicated.
Take my neighbour, for example. When she and her husband moved into this community they embarked on a home improvement project which involved building a new floor and painting the exterior of the house. They did a lovely job and their house is in keeping with the general appearance of others in the street but that did not prevent them from receiving a visit from La Presidenta to give them a telling off for not following community guidelines. And this, despite the fact that the community president has herself extended her property by adding a new floor and extending her garden.
This interference in what you do with your own property might seem at first to be a ridiculous intrusion but actually when you buy property on a complex you are bound by the community rules as to what you can do to that property. If the rules say you must have dark stained wooden shutters then you won’t get away with a bright sunny, yellow. Same with the height of the walls or the materials used in building an extension.
Then there are the community fees and the transparency or lack thereof of what is being done with the money you pay into the community each month. In one local complex both the president and the administrator were recently bounced out in what would have been a bloody coup in the old days. The complex residents had had strong suspicions of book cooking for quite a while and when evidence was finally obtained, the two were trounced at the next election committee. Whether legal action will be taken remains to be seen.
But there are great complex communities. The ones where the focus of the committee is not to line their own pockets but rather to improve and enhance the complex for all its residents. Rent or buy on one of these complexes and your stay there is likely to be a happy one.
Newcomers are often at a loss of where to find cheap, long-term accommodation in Tenerife. Even the B & B’s charge an exorbitant amount for a single room if you look at the charges over a month. Flat sharing is always a good idea when you are looking to save on rent but the question is, where do you hear about flat share offers?
Generally, the Cultural Centre notice boards are the place to look although you don’t have to bother today because this one in Playa San Juan would be hard to beat:
Double bedroom with own bathroom in Playa San Juan for only €200 per month.
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- 2 minutes walk to the beach
- big roof terrace where you can see the sea
- Frequent buses to all areas eg: 25 minutes to Playa de las Americas, 10 minutes to Los Gigantes.
- Playa San Juan itself is a good location. Plenty of restaurants and bars, internet cafes and two beaches…
| ||This is a great deal for the money and will especially suit those that are working nights or in the entertainment business as the other tenants are night owls.The cost includes electricity and gas bills so no extra to pay. You will be asked for a deposit and if you want to fit in with the other tenants you’ll whip out the hoover now and then and clean up your own dishes. 😉 |
I have lived in the same house in Tenerife for ten years now. Every so often I take an inkling to move to a finca or find a bargain Tenerife property with a great garden or an extra bedroom. I spend the next few days sighing over all the great Tenerife properties that I can’t afford until I finally admit defeat and settle back to normal.
Even when I don’t have the itchy-footed urge to up sticks and move to Adeje or Puerto de la Cruz, I like browsing Tenerife property for sale. There are some fabulous villas and rural properties available, none of which I am likely to ever see the inside of, never mind own the keys to. Even so, I have discovered a website which makes the impossible seem that much more possible.
Specialising in repossessed property, Tenerife Estate Agents has got some incredible deals on its books. As owner Andy Ward told me recently, “Some of the repos are in terrible condition. Not everyone wants to have to do so much work on the property they are looking to buy.”
That is very true of course, but for those who are handy and can take on a renovation job, what a great opportunity!
I remember some years ago, a repossessed property in one of the nicest complexes in Costa Del Silencio was snapped up by a Spanish accountant at an incredibly low price. I was quite new to Tenerife then and I asked how he had found the property to buy. There never seemed to be any repossessions advertised in the local English language papers at that time.
I was told that the lists of those properties that had been taken over by the banks and were to be put up for sale at vastly reduced prices were only available to ‘those in the know’. In other words if you were not related to the bank manager’s wife, forget it.
Well, thanks to the Tenerife Estate Agents website now anyone can view which repossessed properties are currently for sale in Tenerife. Many of the properties also have a 100% mortgage attached to them which is something that had been getting harder to find.
Incidentally not all properties on the site have been repossessed and Andy tends to reserve the webpages for those properties which are in a good condition. For the fixer-uppers, you should contact him directly through the web contact form.
The Tenerife Property Guide is another good hunting ground for Tenerife Property. As it collates all the latest listings from Tenerife’s top estate agents, it has what I am sure is the biggest database of up-to-date property listings available on the island.