Properties to restore - advantages and disadvantages
  • 03/12/2024

Properties to restore - advantages and disadvantages

Buying properties to restore can be an excellent option for those who want to invest in the property market or have a home with greater scope for personalisation. 

These properties have significant advantages, such as more affordable prices, the possibility of fully adapting to personal preferences and the opportunity to improve the property's energy efficiency through modernisation work. 

Restoring an old property can also significantly increase the value of the property, while preserving its historical and cultural value. In addition, this type of investment often has tax incentives and benefits, such as IRS deductions and exemption from IMI.

On the other hand, restoring a property can be a challenge, with extended deadlines due to bureaucracy or unexpected works, as well as additional costs that exceed the initial budget. In addition, there is the need for a detailed technical analysis to identify potential structural problems, which should be carried out by experienced professionals in the field.

Despite these disadvantages, renovations can be a unique opportunity to create a completely personalised space and optimise costs in the long term. But beware, to avoid surprises during the process, it's important to carefully evaluate the costs and condition of the property. To summarise...

Advantages

- Lower initial price: Ideal for those who want to save money when buying a property.

- Personalisation: Allows the space to be adapted to personal preferences and needs.

- Increase in value: Refurbishment work can significantly increase the property's value.

- Energy efficiency: Possibility of modernising systems and improving thermal and acoustic insulation.

- Flexibility: Depending on the state of the property, work can be carried out in phases, depending on financial availability.

Disadvantages

- Technical problems: Hidden structural problems can arise, increasing costs and deadlines.

- Time-consuming process: Between bureaucratic red tape and construction work, the completion period can be longer.

- Need for technical support: Requires expert support to avoid mistakes and guarantee quality.

If you're thinking of buying a property to renovate, take stock to ensure that your investment is an advantageous choice and in line with your objectives and expectations.

Then, to find that property, we're here!