At Finques Jordi Tané, our real estate agency in Palafrugell, we help our clients find the best option for their new home or investment. One of the most important decisions when buying a house is choosing between a new home or one to renovate. While a new-build property offers modernity, homes to renovate have unique advantages that can make them a more attractive option. Here’s why.
1. More Affordable Price
One of the main benefits of buying a home to renovate is its lower price compared to a new one. Being on the market at a reduced value, you can access better locations or larger properties without exceeding your budget. In addition, this allows you to allocate part of the investment to customized renovations.
2. Prime Locations
Second-hand homes are usually in established and central areas, where new constructions are more limited. In Palafrugell and its surroundings, many houses to renovate are in prime locations, close to services, shops and beaches, which is a great attraction both for living and for investing.
3. Possibility of Personalization
When you buy a home to renovate, you have the opportunity to design it to your liking. From the distribution of spaces to materials and finishes, every detail can be adapted to your needs and lifestyle, something that is not always possible with a new-build home.
4. Greater Potential for Revaluation
Investing in a property to renovate can significantly increase its value on the market. With proper renovation, you can get a significant capital gain, making it an excellent option for both resale and rental.
5. Lower Taxes and Associated Expenses
Second-hand homes are usually subject to the Property Transfer Tax (ITP), which varies according to the autonomous community, while new homes must pay a 10% VAT. This initial saving can be used to improve the property according to your preferences.
If you are looking for an investment opportunity or a house with character in an unbeatable location, buying a home to renovate may be the best option. At Finques Jordi Tané, your real estate agency in Palafrugell, we advise you throughout the process to find the ideal property and maximize its potential. Contact us and discover the best options in the Costa Brava real estate market.
