Renovating in Marbella
Following the latest market trends, renovating a house in Marbella is one of the most sought and requested options. The oldest houses are those that were usually built in the best areas. Furthermore, by choosing to renovate a property, one is choosing to have full control over the end result. This means the possibility of having a house on the seafront, Puerto Banús, Golden Mile, and the design of the house of your dreams.
Renovating in Marbella: Wanting to preserve the essence, the latest trend in the Marbella’s market is buying a villa and renovate it. This could be an easily reliable way to have a more profitable return on an investment. but this option is not for everyone.
Acquiring a new home, either if it’s already built or needs a renovation, will always need some small modifications in order to match the new owners’ needs.
If you are not sure in which option may be the best for you, we’ve put pros and cons that you ought to consider when buying a property to renovate.
Let’s start with the bright side.
PROS OF RENOVATING A HOUSE IN MARBELLA:
OWNING THE HOUSE OF YOUR DREAMS AT A BETTER PRICE:
When renovating a property there are two options:
- Choose the best location to obtain the property for investors looking for profitability, or future buyers.
- Choose the best location, obtain the property and carry out the renovation to obtain the property of your dreams and make use of your own use.
Location is one of the most important factors when acquiring a property, the better the location the more income opportunities. Both options also work for investment opportunities, Marbella is one of the most requested cities in Spain, and that is reflected in the strength of its rental market.
ADDING MORE VALUE:
It’s known that Marbella is, in fact, a safe-investment location. Mediterranean exterior architecture with modern interiors are the latest trends for investments. An example would be buying a gorgeous Mediterranean property, with old interiors, and invest on its interiors. Bringing life to a new kitchen, living room with open plan areas and adding entertainment areas like cinemas, gym, etc.
SMALL PROJECTS CAN MAKE THE DIFFERENCE:
When we talk about renovations, not everything has to be a huge and total refurbishment of the property. Finding the ideal property is, most of the time, a struggle. As mentioned before, taking total control over the design of a property can mean that you will get the house you’ve been dreaming of.
CONS OF RENOVATING A HOUSE IN MARBELLA:
BUDGET & PATIENCE:
While renovating a home may seem like the perfect option, there are always many factors to consider. Especially since the renovation requires (A LOT) patience, as well as a lot of attention and control over the work.
HOW MUCH RENOVATION IS NEEDED?
The first step is to choose the correct location, the area of Marbella or Costa del Sol that best suits our needs. If the goal is to make a profit from this property, the more requested its location, the better the result. If the goal of this renovation is to find a residential area to live, Key Real Estate can help you find the best and safest urbanizations.
The next step would be to start the construction work as soon as possible, but what happens when we underestimate the type of renovation that needs to be done? It’s easy to identify the smallest renovation needs, but it’s also possible that these smaller tasks lead to greater renovation needs.
During this process, it is important that you have the advice of a professional. Key Real Estate has a wide portfolio of the best teams of architects, designers and construction companies in Marbella. In addition, our agents are aware of the latest trends in the property market in Costa del Sol, therefore they can help and guide you to obtain the best final result.
At Key Real Estate we are experts in the area. One of our professionals can help you take the right decisions. Contact us!