WHY IS BUYING A HOME TO REFORM A GOOD IDEA?

When making a decision as important as the purchase of a property, many ask themselves the same question:

Is it better to buy a property that is ready to move into or, better one that is to be reformed?

Next, we give you some reasons why we believe that buying a property that is to be renovated can be an excellent idea.

Buying an apartment or a house that needs reforms can be an advantage, since you can customize the space to your liking and get the house of your dreams, without having to start construction from scratch.

In fact, the houses to reform are usually cheaper, and the money you save on the purchase, you can invest in carrying out your desired rehabilitation.

If your concern as a buyer is the disbursement to carry out the works, experts calculate that the common thing is to allocate between 500 and 700 euros per square meter, which would raise the price of renovating a house of about 90 square meters to between 45.000 euros and 63.000 euros, adding kitchen, bathrooms, floors, masonry, painting, electrical installation and licenses.

Although the final price will always depend on the materials used and the magnitude of the changes to be made.

Tips:

First of all, before making the decision to buy a home to be renovated, experts advise asking for a quote from 3 different companies. You have to keep in mind that the cheapest is not always the best option.

The companies in question must present you with a breakdown of the expenses, both for materials and labor, including labor taxes, all this to know the real cost of what the reform will entail.

It is preferable to start from a closed budget that states:

full price
Start and end dates of the work
Description of work and surfaces
The materials with their qualities (including brand and model, if they have already been decided)
Obligations (repair of possible damages, warranty period and how to claim).
Work project carried out by a specialist

Fundamental:

Analyze the state of the house.

Although you, as a buyer, can carry out a review on your own, looking at things like cracks and moisture, it is advisable to seek the opinion of an architect who assesses its real state, since surprises may appear that ordinary eyes do not detect.

The average cost of this advice to review the property is between 300 and 1500 euros for one hour.

In addition, if the property in question is a flatWe must not forget about common infrastructures! Especially the facade, the pipes, the elevator, the heating system and the meters. Since any work in the community, after the purchase of the property, will be at your expense and may cause an increase in the monthly fee, and therefore, it will mean a unexpected expense.

Experts advise knowing if the building has been subject to the technical inspection of buildings (ITE) recently, or if it should be done in the next few years. This is a technical control to which buildings over 45 years old must be subjected and which can be consulted at the Town Hall.

ADVANTAGES OF BUYING A HOME TO REFORM

As we have explained before, the price of a home to reform will be lower. The more reform you need, the cheaper it will cost us. All the money that we save in the purchase of the acquisition of this new home, we can allocate to its subsequent reform.
By reforming, you can leave the house to your liking, being able to change even the distribution of the rooms. Something difficult to carry out in a home that is ready to move into.
You can promote sustainable housing development in an easier way, which will make you save on water, gas and electricity, and incidentally, pollute and waste less.
geographic advantage. Currently, in the real estate market, the number of homes to reform is much higher than the rest of the properties, which means that you will have a wider range to choose the area in which you would like to live or make money.
Funding and grants. Although many people are unaware of it, second-hand homes are included in the aid and subsidy plans by the Administration. Before starting your reform, find out at your town hall.
Tax. In general, the purchase of second-hand properties implies a lower tax payment than the purchase of a new property, since this is calculated on the value of the property and not on the deed.

1469612851 energy efficiency certificate file for homes and premises

En Dream Sun Spain We are very aware of the growing demand for homes to reform that exists in our area. The Costa Blanca It is the ideal place to live and, in turn, to earn money, because it is one of the favorite areas for European tourists, who come to spend their vacations and fall in love with the climate, gastronomy, and multitude of landscapes.

We know that houses to reform combine two things that foreigners love: Preserving aspects of Spanish tradition that are found in the house, and having a house that perfectly suits your needs, without giving up anything. For this reason, they have become the main applicants for town houses to reform, over the years.

Although, little by little we are seeing how the national public joins this modality, especially after the aftermath of the pandemic in the real estate world and the flight from flats with little light and without balconies, which predominate in the most modern property market.

About Us We fully trust and recommend our parter DeltaTM. A multidisciplinary team, with more than 40 years of experience in the activity of building single-family homes.

Su technical team accompanies you throughout the process, from the analysis of your needs, to the enjoyment of the result of your project. Always betting on quality in construction and adapting to the new energy efficiency regulations, since it is a company that is very much in favor of saving energy to contribute, not only to the efficiency of your homebut also care for the environment.

Here we leave you some of the work of our partner so that you can be inspired and informed: