Petra Hönig
Petra Hönig

Your professional estate agent on the Costa Blanca

Properties

Villamartin Property for Sale

Villamartin Property for Sale

Is it convenient to buy a property to reform in Spain?

Investing in a better located and cheaper housing can sometimes compensate, even if it has to be reformed.

The drop in housing prices that has occurred in recent years has meant that more and more second-hand floors and less new construction are being sold. The economic recession had a lot to do with this, although it seems that the situation is being reversed and the cranes have returned to become part of the landscape in some areas of Spain.

There are several advantages and disadvantages when investing in homes to reform, we will analyze each one so that you can choose the best option for your case.

Advantages

Cheapest houses: price is one of the most important arguments in favor of buying house to renovate. Usually, these are houses that are well located and have a lower price than a home that is to enter to live. In any case, before you buy, you must calculate without taking into account the reform (labor and materials) the reform is profitable.

Possibility of reforming to measure: if you have very clear how it has to be the house of your dreams, the best option are the houses to reform, that you will be able to modify to your taste and according to your needs. A new home does not offer this possibility or if you can choose some material will be a very restricted choice.

Invest in energy efficiency: we will have the opportunity to adapt the house to be sustainable and save energy. We can install a suitable insulation, change the windows, replace the existing lighting by LEDS or install a home automation system to control the heating, air conditioning or down and rising blinds.

Subsidies: in some Autonomous Communities there are subsidies for housing reform, so it is advisable to report before you start because you could save money.

Disadvantages of buying houses to renovate

The uncomfortable to do works: you must evaluate if the works that have to be done in the house allow you to live in it while they are realized or not. In addition, you must be patient because we all know that works always last longer than expected.

The works are worth money: the cost of the works is a decisive factor when buying houses to reform, because if it is very high can affect the operation and not be profitable.

Licenses and permits: there are works that require permits from both the City Council and the Community of Owners, so before you start, find out about the necessary permits and licenses and the requirements and costs of obtaining them.

Petra Honig offers you in Villamartin property for sale.

If we are famous in the region as one of the most reliable Real Estate in the region is because we treat our clients in the same way we would like to be treated ourselves. Our values are energy, agility, professionalism and expert advice always.

Petra Honig is specialised in selling all kind or residential properties in some of the most desirable areas on the Costa Blanca such as Torrevieja, La Mata, Cabo Roig, Punta Prima, Mil Palmeras among others.

17 Mar 2017
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