The drop in prices that has occurred in homes in recent years has meant that more and more second-hand floors and less new construction are being sold. The economic recession was quite to blame for 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.
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 making a custom refurnishing: 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.
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.
Thanks to our close collaboration with a multitude of real estate agents and local real estate developers, the EUROPAHUS catalogue includes all types of properties, both new build and resale, throughout the provinces of Murcia and Alicante.
We know that finding the home you have in mind takes time. Sometimes a single trip is not enough. At EUROPAHUS we try to make everything as simple as possible for you.