There are many Spanish properties all over the country that are for sale and in need of reforming.
The extent of reforming a property can vary from minor cosmetic works, painting and new bathrooms etc to some properties that have been left to ruin, and will need to be completely updated with new electrics, plumbing and even a new Roof.
Renovating properties in Spain can be a very attractive proposition when you consider that’s there is a limited amount of new plots available for new builds as these are determined by the long term town plans.
In some cases, the land alone of derelict or run down properties is worth more than the property being sold.
In the case of almost all building works, you will need to obtain planning permission and a building license from the town hall.
There are two types of building license –
· Obra mayor - Building Licence for major works. For example building an extension on the property.
· Obra menor – Building license for minor works.
Before starting any reform work on a property, check with the local town hall as to their specific building rules and regulations. These can vary from town to town so it is imperative to find out what is relevant, to where you have purchased you new Spanish property.
If you are wishing to extend the square meters on your new property for instance, there are different local urban rules as to how much percentage of the plot you are able to build on.
The calculation is simple….
The value of the completed project, less the total costs of renovation including professional fees, less something for your time and effort.
The resulting figure equals the maximum you should pay for the renovation. This is known as the Residual Valuation.
By adhering to the rules and regulations of Spanish building laws, and researching and finding the right builder for the job, you could soon have your dream house renovated and ready to enjoy your new life in the sun.
If this sounds like the project for you, then why not contact us and be part of a new TV series which will be following couples or families as they transform a derelict or run-down property into their Dream home in Spain, or Mallorca.
The casting crew are at the early stages of casting, and are looking for people preparing to take on such a project. Why not get in touch and have your journey to your new dream home in Spain documented forever!
SIGN UP HERE TO BE PART OF THE NEW TV SERIES MY NEW DERELICT HOUSE IN THE SUN
Updated Sept 2020