Buying a property to renovate

However you want to use your investment, to rent out or as a primary residence – it is becoming an increasingly popular way to see a profitable return on your investment.

Renovating a property in Spain can be a very attractive proposition considering the increasingly limited number of fresh plots available for new build developments, especially when it comes to the most desired areas.

The most important factor for buying a property is as we all know: Location Location Location.

First of all there is a very limited availability of plots for sale in attractive locations, which means near the beach, walking distance to amenities etc., but also the increased prices in highly desirable areas. 

To understand to some extent the current market, in which it is true that we find a high percentage of second-hand properties for sale and, if we follow the data published by the Federation of Real Estate Associations, we should know that the average age of properties for sale in Spain currently exceeds 30 years.

It is logical that many of these properties, not because of bad use or because they have not been looked after, but simply because of their age, require certain improvements.

Renovating a house in Spain is an excellent way to improve its design and habitability and, at the same time, increase the value of the property on the market. In a region where housing is so much in demand, making certain modifications can be highly recommended.

In most cases it only needs a MINOR BUILDING PERMIT.

Minor refurbishments to update fixtures and fittings.

This is a minor renovation for which, in most cases, you will not need a building permit or to request a building license from town hall. With this type of work you will be able to give a face-lift to the house, a cost that will depend mainly on the quality of finishes you choose.

The most common reforms of this type are the renovation of kitchens and bathrooms, although it can also include changing floors, windows, doors, etc. If in addition to the functionality you want to improve the value of your home.

The property market often increases in value over time, which means that your investment of a minor renovation or just a “face lift” will increase your long-term return.
In addition to the financial benefits, investing in property also offers the opportunity to diversify your investment portfolio. Compared to other assets, such as stocks or bonds, the property market tends to have lower volatility, which can provide additional security to your finances.

Investing in long-term rental housing allows you to have significant control over your investment. You can make decisions about property management, such as rental pricing, tenant selection and maintenance, giving you the flexibility to adapt to market conditions and maximise your returns.

If you are considering investing in long term rental properties, VIVA offers you Calahonda Suites, a great opportunity in the demanded area of the lower part of Calahonda, Mijas Costa.

The exclusive VIVA development offers a number of advantages for an exceptional property investment.

Located in one of the most sought after areas of the Costa del Sol, Calahonda Suites offers a privileged location close to golden sandy beaches, first class golf courses and a wide variety of services and amenities.

This attractive location within walking distance to the beach and amenities will appeal to all buyers and tenants giving them a comfortable and relaxed way of life on the Mediterranean coast.

The apartments at Calahonda Suites are ready to move into or ready for you to put them up for long term rental.

But if you wish, at VIVA we offer you the possibility of refurbishment, no matter if you require a “face lift” or a total renovation incl new kitchen, bathrooms, flooring etc.

If required, we refurnish your apartment with elegant interiors and high quality finishes offering a welcoming and attractive environment for tenants.

The fact that the flats are spacious and the communal areas includ two pool areas add value to the property and the living experience.

In summary, investing in a long term rental property in Calahonda Suites, Mijas Costa, is an attractive option that combines a desirable location, high quality properties and efficient management. This investment gives you the opportunity to enjoy the benefits of the property market on the beautiful Costa del Sol while generating passive income and diversifying your investment portfolio.

Don't miss the opportunity to consider Calahonda Suites as your next property investment or for you to enjoy quality time in this great location for an affordable price near the beach.

Apartments before renovation / Images of the show apartment after renovation