StoryOpinion

We Left The U.S. And Bought A House In Spain For $72K

CNBC Make It

An American couple moved to southern Spain, purchased a house for $72,000 and renovated it for $60,000 to improve quality of life and affordability. They discuss their mortgage-free lifestyle, lower living expenses, and how raising their daughter in Spain offers different cultural values and community safety compared to the U.S.

Summary

A couple shares their experience of relocating from the United States to Andalusia in southern Spain. Their primary motivations were improving quality of life, spending more time with their child, and reducing living costs. Initially discouraged by rental prices that exceeded their U.S. mortgage, they persisted and found a property in Gorto, Spain for $72,000, which they renovated for an additional $60,000. Since they couldn't obtain a traditional mortgage as non-residents without proper documentation, they paid cash for the home, resulting in a mortgage-free property. The house features traditional Spanish tile, dual living quarters (top and bottom), an office with mountain and church views, and a renovated backyard that now includes a pool—converted from a former chicken and pig pen. Their monthly expenses are notably lower than in the U.S.: approximately $115 for utilities (electricity and water), $220 for health insurance, $58 for house insurance, and around $300 for groceries. Both are artists and crafters who work on various creative projects including textiles, rug tufting, and photography. They emphasize that Spanish village life is fundamentally different—children enjoy freedom to play outside until midnight in a safe, close-knit community environment. Their daughter has reportedly become more appreciative and less focused on instant gratification compared to her behavior in the U.S. The couple notes that while they work more intensively to comply with visa requirements, overall work-life balance has improved. They maintain flexibility about their future, stating they may eventually move between Spain and the U.S. rather than committing permanently to either location.

Key Insights

  • The couple was initially discouraged when they discovered that Spanish rental prices exceeded their U.S. mortgage costs, forcing them to reconsider their affordability goals before finding a purchase opportunity.
  • They paid cash for the home ($72,000) because as non-residents without proper legal documentation, they were unable to secure traditional mortgage financing in Spain.
  • Their monthly living expenses total approximately $393 for utilities, insurance, and health coverage combined, significantly lower than typical U.S. costs.
  • The couple described Spanish village children as having greater appreciation and less instant gratification compared to U.S. children, attributing this to differences in the cultural environment.
  • Despite relocating to reduce work hours, they actually work more intensively in Spain to maintain compliance with visa requirements and financial stability.

Topics

International relocation and expat livingAffordable housing and real estate investmentCost of living comparison (U.S. vs. Spain)Quality of life and family prioritiesHome renovation and property ownershipParenting and child development in different culturesRemote work and creative entrepreneurshipCommunity and village lifestyle

Transcript

[0:00] [music] The region of Ander Lucia, if I had to explain it, it's fire. >> Yeah. Yeah. These people are fire. They're passionate. Life is completely different in Spain. Well, especially in the village we live in, these kids, they can walk to the park and come home at midnight. >> We bought a home in Gorto Spain for $72,000 >> and we renovated it for $60,000. Welcome to our home. [laughter] [0:31] The number one question we get asked all the time like why did we decide to go to Spain? And I always say like why not? >> Yeah. Well, we also speak the language. >> I remember we had like a little list. What are things…

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