Finding the ideal property, in the best location and at the most competitive price can often be a challenge. However, by considering buying a property with the intention of renovating it can provide the perfect solution. Older properties that require work to them often carry a substantially reduced price tag and when you work with professional architects, builders and professionals, the entire renovation process can be smooth, fast and cost less than you may initially think. For many, a renovation property allows them to create the exact home that they have always dreamt of – to their exact taste, style and needs. Moreover, if you are looking for a return on your initial investment, a renovation project can prove to be a profit making one. It is true that renovations do require effort but if you have the time and are looking to maximise your property investment in a short period of time then this is an attractive prospect. A renovation property does not have to mean a complete rebuild or makeover, although this is always an option, and in some cases simply updating bathrooms and kitchens can add real value to a home. Find out more about how to make a renovation property work for you and discuss potential projects with us today.
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After finding the right property, the new owners fully renovated this 30 years old townhouse of 136m2, comprising 2 bedrooms, 2 bathrooms, with amazing village and ocean views, carport and communal pool, located at short walk of centre and beach. The whole renovation took around 4 months and with an investment of around €50.000 they would be making a profit of approximately €75.000 if the property was sold now.