A HOUSE IN PORTUGAL: TO BUILD OR BUY ALREADY BUILT?
When looking for the purchase of a property, you doubt, whether if it would be better to build the house in Portugal or to select one already built. This is indeed a most important criterion that must not be overlooked.
In the following lines, we trace with you the pros and cons of each solution to help you see more clearly and, why not, to make your final decision to purchase a property.
Building a house in Portugal
The advantages to building your own house are multiple, starting with the possibility to fully customize its design. Indeed, you can determine the number and type of rooms, location and layout to the smallest details, from floor to ceiling. A well sentimental, therefore, in which you feel at home.
Another advantage to take into account the financial aspect. Do you build can be cheaper. According to the purchase price of your property, you can opt for a larger home.
Of course, among the most obvious criteria, you can move into a house in Portugal totally new and standards. You will benefit from the use of collateral and it is even your contractor who will handle the administrative part for you.
Where the shoe pinches is when the project does not go as planned when the construction is delayed, the weather and / or suppliers of materials hindering the advancement ... In general, professionals you announce between 9 to 12 months to complete your home, do not take a chance and add a margin of 3 or 4 more months. During this time, you will be able to take your usual rental expenses in addition to your investment.
Buying a house in Portugal
If we now look at buying a house in Portugal already built, the first benefit that comes to mind is of course the possibility to move in record time. Indeed, ideally, simply contact a good real estate agent (or make a visit to the country itself), select the residence that best meets your expectations and to make a proposal.
Algarve for example, you can settle very quickly into your new home as soon as your offer will be accepted (between 30 to 45 days after the signing of the act). Generally, in this region, the residences are located in tourist areas, saving you any worries in terms of garden management or development pipelines. In addition, you will probably make a bargain if you're good negotiator.
Your privilege an already having some lived in the newly erected buildings. Better, they offer you beautiful years. Another element to be taken into account, the properties are often sold already equipped in household appliances, which can be more interesting and advantageous.
The downside, in this case, is that your next home will not be exactly the one of your dreams, you will do with its existing configuration, possible work needs (discount electrical codes or plumbing, insulation ...) to make it habitable simply, not counting those to put your taste in decoration. These costs can then rise very quickly and much better estimate the burden before signing.
With all this information, you are now ready to think about your future property investment in Portugal. It'll just consider the real estate market of the country to find this property or land that will meet all your expectations.
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