The most important is to be aware of the fixed monthly expenses on a Property. It use to be the ones with bigger amount, monghly payments that increase an annual cost. Is true that are the expenses we must take into account.

Fixed monthly outlays could be summarized:

• Mortgage: No doubt is the biggest cost. Furthermore, is a long term expenditure. Obviously it will depend on the conditions you signed. It will also depend on the posible long term loan revaluation. Is recommended that the mortgage has to be less than 30% of the total income on a family. That is something difficult to keep to.In any case, if the bank has already approved your mortgage, that means you’ll pay it without any problema. At least is how theoretically has to be. Banks before granting a mortgage must be sure about the buyers solvency.
• Community: The community fee is another outlay that will last forever. This assessment depends more on the community size, although the médium cost in spain isa round 50 euros per month.
  Is true that we talk about a average fee, on modern communities with parquin, swimming pool, caretaker, … this cost use to be bigger. It is calculated according to the squared meters of the Property. If your house is bigger than your neighbour’s house, you’ll pay more than them.
  You have to take into account that the fee will eventually change, mainly increeasing. The amount will depend on different elements. Normally will be more expensive if the community has: lifts(if more than one will increase), swimming pool, employees ( cleaning staff, caretakers, etc…) or parking spaces, among others. It will punctually change in case of rufurbishing or maintenance charges. Obviously the expenses will be reduced sharing with more people.
• Supplies: The main supplies are: electricity, water, telephone, internet and gas. In some communities the water fee is included inside the communal water expenses. It can be another outlays as cleaning service, alarm, etc… It depends on the companies you contract with. Generally that expenses could be around 180-200 € per month ( gas,electricity, water and telephone).