We head to Mallorca and find out the best way to invest in property and avoid any potential pitfalls

Based in Pollensa, Carrer Mercat, the Mallorca Luxury Estate Agency is an affiliated branch of the rental agency Mallorca Luxury Holiday Rentals. They specialise in the sale of properties (villas, apartments, rustic homes, town houses, large fincas, and more) in the north of Mallorca (Pollensa, Puerto Pollensa, Cala San Vicente, Formentor, Alcudia) as well as on the beautiful Island of Menorca. The company can also offer properties in other parts of Mallorca, either directly or through other estate agencies in several strategic points on the Island.

Furthermore, a selection of luxury properties for holiday rentals are available. If you buy your property with Mallorca Luxury, take advantage of a three year guaranteed rental contract through the affiliate company mallorcaluxury.com; established in the competitive market of rentals for 14 years. Whether you want to rent or let, buy or sell, invest or develop a project; whether it is a matter of acquiring land, restoration or a new construction, apartment, villa, finca etc, their property portfolio is world class.

By renting out a holiday home in the Balearics during the summer months there is real potential of an almost instant return on the investment of their clients. The goal is to provide the best service and the best market price for their client's property. Mallorca Luxury look to achieve a sale as quickly as possible, by their own means or through partner agencies across the Balearics, all available to help find the right customer to buy your property.

The marketing is professionally handled on a local, national and international level. Personal service is one of the most important factors for success. The company's multi-lingual employees ensure that each client is spoken to in their own language, i.e. English, German, Spanish and Catalan. All client requirements are attended to, before, during and after the purchase of the property to the highest professional standard.

Services:
* Search and negotiation of carefully chosen properties specifically in the north of Mallorca and in Menorca using a network of agencies throughout the Balearics.
* Property registry search and cancellation of existing mortgages. Option and purchase contracts in Spanish, English and German, preparation and exchange of contracts at the public notary, wills and powers of attorney etc.
* Purchases/sales, rentals, business transfer etc.
* Property and household insurance, fully comprehensive including fire, burglary, theft etc. as well as life insurance. * Any of the services you might require such as liaison with English speaking lawyers, notaries, banks and tax advisors. Assistance is given by changing names and executing standing orders in respect of electricity, water, telephone etc.
* Professional local, national and international marketing of your property and daily update of our website.
* All year round maintenance of the properties including gardening as well as rentals during our clients absence.
* Architectural changes and construction.

Mallorca Luxury project management service
1. Assist with the selection of a suitable architect for the type of property involved and act as a liaison between the architect and yourself to ensure that your ideas are correctly translated.

2. In liaison with the architect prepare a full bill of qualities and specifications in order to obtain an accurate estimate on your behalf.

3. Obtain two or three estimates from professional contractors and subcontractors.

4. Check estimates and report to you as to the suitability of the contractors and help you choose the most favourable to you.

5. Assist you and your lawyer to prepare a suitable contract for construction between yourself and the builder.

6. Supervise, together with the architect whenever possible, work in progress holding meetings on site at which problems are raised and solved, and variations discussed and implemented. Submit monthly progress reports and photographs to you for your information.

7. Liaise with the architect and yourself during progress of the work to ensure that the builder has sufficient details of materials (i.e. wall and floor tile types, etc.) and drawings (i.e. showing design of doors), to enable him to purchase or manufacture such items.

8. Undertake with the builder valuations of work completed to enable him to apply for interim payments.

9. When the work is completed prepare a "snag" list for the builder's attention and ensure that all defects are correctly rectified.

10. Check and agree the final account with the builder and ensure that the necessary paperwork is completed prior to the issue of the final certificate for the architect.

11. During a period of three months following practical completion of the project, we will continue to oversee the work to ensure that no problems occur due to faulty workmanship or materials used.

12. Logically, all this will entail a great deal of work and will require the patient cooperation, of yourself, the architect, the builder and others to ensure that the work is undertaken to your satisfaction. Fees will be 5 percent (excluding VAT) of the total building work undertaken.

Property revamping
Over the past years, Mallorca Luxury has noticed that clients doubted at the time of purchasing a property in need of some refurbishing or decoration due to the possible difficulty this may cause when living abroad. For this reason, Mallorca Luxury also offer a service of property revamping: coordination and surveillance of professional works of reconstruction, refurbishing (plumbing, electrical installations, stone work, carpentry, floors, bathrooms, etc.), interior design and decoration including taking you to various furniture and accessory shops around the island. The companies fees are based on adding a five percent (VAT not included) to invoices produced by pertinent professionals.