{"id":24810,"date":"2020-03-02T19:51:22","date_gmt":"2020-03-02T18:51:22","guid":{"rendered":"https:\/\/www.habitaretail.com\/frequently-asked-questions\/"},"modified":"2025-09-30T13:01:51","modified_gmt":"2025-09-30T11:01:51","slug":"frequently-asked-questions","status":"publish","type":"page","link":"https:\/\/www.habitaretail.com\/en\/frequently-asked-questions\/","title":{"rendered":"Frequently Asked Questions"},"content":{"rendered":"\t\t
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Frequently Asked Questions<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Answers to your most frequently asked questions<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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\n\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tCan a house depreciate in value?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t

Yes, a house can depreciate in value due to several factors, which can be internal or external. The following are some of the most common reasons why a property may lose value:<\/p>\n

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    Physical Deterioration:<\/strong> Over time, the structure of a house may deteriorate, which could lead to a decrease in its value. This includes problems such as leaking roofs, plumbing problems, or significant structural damage.<\/p>\n<\/li>\n

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    Declining Neighborhood:<\/strong> If an area or neighborhood is in decline, perhaps due to an increase in the crime rate or the closing of local businesses, this can negatively affect the value of homes in that area.<\/p>\n<\/li>\n

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    Change in Market Trends:<\/strong> Occasionally, the real estate market may experience a downturn, which could cause the value of many properties to decrease.<\/p>\n<\/li>\n

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    Natural Disasters:<\/strong> Exposure to natural disasters, such as floods or earthquakes, can also negatively affect the value of a property, especially if the area is perceived as a high-risk area.<\/p>\n<\/li>\n

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    Functional Obsolescence:<\/strong> If a home has a design or features that have become obsolete, and do not meet the expectations of modern buyers, this could lead to a depreciation in value.<\/p>\n<\/li>\n

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    Negative Economic Aspects:<\/strong> Adverse economic factors, such as an economic recession or high unemployment in a region, can lead to depreciation in property values.<\/p>\n<\/li>\n

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    Legal or Ownership Issues:<\/strong> Legal issues, such as ownership disputes or zoning restrictions, can also influence the depreciation of a home’s value.<\/p>\n<\/li>\n<\/ol>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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    \n\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tIs an old house worth the same as a new house?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t

    In general, no, an old house and a new house do not usually have the same value, and this is due to a number of factors that can influence the value of a property. Some of these factors are described below:<\/p>\n

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      State of Conservation<\/strong>: New houses are usually in better condition than older ones, with modern plumbing, electrical, and other structural elements in top condition.<\/p>\n<\/li>\n

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      Design and Modernity<\/strong>: New homes tend to have modern designs and contemporary features that may be more attractive to buyers, which can increase their value.<\/p>\n<\/li>\n

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      Energy Efficiency<\/strong>: New homes often have better insulation and more energy efficient systems, which can increase their value compared to older homes.<\/p>\n<\/li>\n

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      Maintenance Costs<\/strong>: Older homes may require more maintenance and repairs than newer homes, which may deter some buyers and therefore reduce their value.<\/p>\n<\/li>\n

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      History and Character<\/strong>: On the other hand, older homes can offer a rich history and distinctive character that newer homes cannot match, which can increase their value to certain buyers.<\/p>\n<\/li>\n

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      Location<\/strong>: Location is another crucial factor that can influence the value of a home. Older homes may be located in established neighborhoods with abundant greenery and access to amenities, which can increase their value compared to new homes in newer developments.<\/p>\n<\/li>\n

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      Quality of Construction<\/strong>: In some cases, older homes may have been built with higher quality materials and techniques than some newer homes, which could increase their value.<\/p>\n<\/li>\n<\/ol>\n

      Therefore, although in general a new home might be worth more than an old one due to modern amenities and lower maintenance costs, this is not always the case. The value of a home, whether old or new, will depend on a combination of several factors, including its condition, location, and the specific characteristics of the property.<\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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      \n\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tWhat is the municipal surplus?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t

      The municipal capital gains tax, also known as the Tax on the Increase in Value of Urban Land (IIVTNU), is a tax levied on the increase in value of urban land when it is transferred, whether by sale, inheritance, donation, or any other type of transfer. This increase in value is calculated based on the number of years that the seller has owned the land and the cadastral value of the land.<\/p>\n

      Let’s take a look at some key points about this tax:<\/p>\n

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        Taxable Base<\/strong>: The taxable base of this tax is the increase in the value of the land from the time it was acquired until the time of transfer. It is calculated by applying a percentage established by law to the cadastral value of the land.<\/p>\n<\/li>\n

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        Taxpayer<\/strong>: The taxpayer of this tax, i.e. the person who is obliged to pay it, may vary depending on the type of transfer. In the case of a sale, it would be the seller, while in the case of an inheritance or gift, it would be the beneficiary.<\/p>\n<\/li>\n

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        Tax Period<\/strong>: This tax is calculated considering the period during which the owner has owned the land, with a maximum of 20 years.<\/p>\n<\/li>\n

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        Settlement of the tax<\/strong>: The liquidation of the tax must be made within a certain period of time that varies depending on the type of transfer. In the case of a sale, the period is usually 30 business days from the date of transfer.<\/p>\n<\/li>\n

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        Exemptions and Allowances<\/strong>: In some cases, exemptions and allowances may be applied to the tax, for example, in transfers between spouses, ascendants, and descendants, or in the event that the sale of the land has generated a capital loss.<\/p>\n<\/li>\n

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        Controversies and Jurisprudence<\/strong>: This tax has been the subject of legal controversies, especially in cases where there has been no real increase in the value of the land. There have been several court rulings that have established that the tax should not be applied if there is no real increase in value.<\/p>\n<\/li>\n<\/ol>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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        Yes, as a homeowner or any other type of property owner, you are responsible for paying various taxes and insurance associated with your property. Here is a brief description of these concepts:<\/p>\n

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          Property Tax<\/strong>: This is a tax paid to local or municipal authorities based on the value of your property. The amount to be paid may vary depending on the location and value of your property.<\/p>\n<\/li>\n

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          Property Insurance<\/strong>: Insurance for your property can cover different aspects, such as damage to the structure of your home, theft of property, civil liability, among others. It is advisable to have an adequate insurance policy to protect your investment and meet your mortgage obligations, in case you have one.<\/p>\n<\/li>\n

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          Payment of Taxes and Insurance through an Escrow Account<\/strong>: In some regions, it is common for homeowners to pay property taxes and insurance through an escrow account. This is a type of escrow account where funds are held until taxes and insurance are due, thus facilitating the administration of these annual or semi-annual payments.<\/p>\n<\/li>\n

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          Income Taxes and Deductions<\/strong>: Depending on your jurisdiction, you may be eligible for tax deductions on your income taxes related to mortgage interest paid or other property-related expenses.<\/p>\n<\/li>\n

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          Compliance with Tax Obligations<\/strong>: It is very important to comply with all your tax and insurance obligations in a timely manner to avoid penalties, fines or additional interest. In addition, failure to comply can lead to legal proceedings that could result in liens on your property or even foreclosure.<\/p>\n<\/li>\n

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          Professional Advice<\/strong>: Since specific details may vary depending on your location and personal financial situation, it is always advisable to obtain professional advice from a tax or financial advisor to fully understand your obligations and options.<\/p>\n<\/li>\n<\/ol>\n

          In short, you can (and should) pay your taxes and insurance as a homeowner. It is an essential part of maintaining and protecting your real estate investment.<\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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          The time it takes to process a loan can vary significantly depending on several factors, including the type of loan, the lender, the complexity of the transaction, and others. Here is an overview of what to expect:<\/p>\n

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            Pre-approval<\/strong>: Getting pre-approved for a mortgage loan, where the lender evaluates your financial strength, can take anywhere from a few hours to a few days.<\/p>\n<\/li>\n

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            Formal Loan Application<\/strong>: Once you have found a property and are ready to apply for a formal loan, the process can take about 30-45 days, although this time can vary.<\/p>\n<\/li>\n

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            Evaluation and Approval<\/strong>: During this time, the lender will conduct an evaluation of the property, review all necessary documentation, verify the information provided, and make a decision on whether or not to approve the loan. This process may take several weeks.<\/p>\n<\/li>\n

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            Closing<\/strong>: If the loan is approved, a closing date will be scheduled. Closing is when all loan documents are signed and funds are exchanged. This can occur relatively quickly once final approval has been given, often within a week or two.<\/p>\n<\/li>\n

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            Special Situations<\/strong>: In some cases, especially if there are problems with the applicant’s credit or with the property being purchased, the process may take longer.<\/p>\n<\/li>\n

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            External Factors<\/strong>: You should also keep in mind that external factors, such as delays in the appraisal, necessary inspections, or legal problems with the property, can prolong the process.<\/p>\n<\/li>\n<\/ol>\n

            As a general estimate, many mortgage loan transactions are completed within 30 to 45 days of application submission, but this is only an estimate and actual time may vary. In addition, personal loans or small business loans can have faster turnaround times, potentially completing in a few weeks or even less.<\/p>\n

            For a smoother process, be sure to provide all requested documentation in a timely manner and be available to answer any questions the lender may have.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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            \n\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tDo you offer any kind of guarantee or insurance for transactions made through your platform?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t

            Yes, all transactions made through our platform are secured and comply with the most rigorous legal and ethical standards to ensure the protection of our customers.<\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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            \n\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tWhat differentiates HabitaRetail from other real estate companies?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t

            HabitaRetail is distinguished by its personalized and customer-centric approach. We strive to offer comprehensive solutions that meet all of our clients’ real estate needs, from property search to legal and financial assistance.<\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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            \n\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tWhat is the process to register a property with HabitaRetail?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t

            To register a property with HabitaRetail, you simply need to contact us through our contact page and provide us with details about the property. Our team will contact you to discuss your specific needs and begin the registration process.<\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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            \n\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tWhat do I do if I have a complaint or concern about the service provided?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t
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            We are committed to customer satisfaction and take all complaints and concerns very seriously. If you have any complaints or concerns, please contact our customer service team who will be happy to assist you.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

            \n\t\t\t\t\t
            \n\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tHow can I keep up to date with the latest news and offers from HabitaRetail?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t

            You can keep up to date with the latest news and offers from HabitaRetail by subscribing to our newsletter through our website, or by following us on our social networks.<\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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            <\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

            Frequently Asked Questions Answers to your most frequently asked questions Can a house depreciate in value? Yes, a house can depreciate in value due to several factors, which can be internal or external. The following are some of the most common reasons why a property may lose value: Physical Deterioration: Over time, the structure of […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"template\/template-homepage.php","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"class_list":["post-24810","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/www.habitaretail.com\/en\/wp-json\/wp\/v2\/pages\/24810","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.habitaretail.com\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.habitaretail.com\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.habitaretail.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.habitaretail.com\/en\/wp-json\/wp\/v2\/comments?post=24810"}],"version-history":[{"count":4,"href":"https:\/\/www.habitaretail.com\/en\/wp-json\/wp\/v2\/pages\/24810\/revisions"}],"predecessor-version":[{"id":51268,"href":"https:\/\/www.habitaretail.com\/en\/wp-json\/wp\/v2\/pages\/24810\/revisions\/51268"}],"wp:attachment":[{"href":"https:\/\/www.habitaretail.com\/en\/wp-json\/wp\/v2\/media?parent=24810"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}