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Buying property in Spain - should you choose new build or second-hand?
Investing in property on the Costa Blanca in Spain is a dream for many. The glorious sunshine, white sandy beaches and relaxed lifestyle attract buyers from all over the world. But when it comes to buying property in Spain, you're often faced with the big question: should you go for a new-build project or a second-hand home?
As a leading Norwegian-Spanish property agency in Alicante, it's our job to guide you through this important decision. Both options have their advantages and it's important to understand the differences between them before making a decision. Our staff provide in-depth property advice throughout the Costa Blanca.
Advantages of buying new build property
New builds in the Costa Blanca often attract many international buyers who appreciate modern amenities and want to customise their property to their own preferences. Our excellent contacts with developers throughout the Costa Blanca give us access to virtually all new-build property in the area. The advantages of new builds are many, which means that many choose to go for this type of property:
- Modern amenities: New builds often offer the latest and most modern amenities and technologies. This includes smart home solutions, energy-efficient appliances, underfloor heating, sound and climate insulating windows and more. In addition, car parking is often available and a lot of emphasis is placed on creating gorgeous communal areas with beautiful pools and green spaces.
- Updated standard: The Spanish building regulations are often subject to improvements and requirements such as energy certification. In 2013, extensive new requirements were adopted that changed the building regulations, which were again updated significantly in 2020. This means that the newer the property, the higher the technical building standard it will have. When buying a property in Spain, it's important to think about the comfort you want in your home.
- Customisation options: When buying a new build, you often have the opportunity to customise the property according to your own preferences and needs. This can include choosing flooring, kitchen fittings and colour schemes. Whether or not you have the opportunity to customise the interior depends on how far the construction process has progressed. The earlier you buy a home in a new construction project, the more options you have for customisation.
- Warranty: All of the builders we work with are reputable companies and all new builds come come with a statutory building and construction warranty, giving you extra peace of mind and protection in case of problems. Every detail is scrutinised before handover and we make sure everything is as it should be.
Advantages of buying a second-hand home
Second homes can appeal to those who want immediate accessibility and prefer established neighbourhoods with character and charm. As a Norwegian estate agent in Spain, we can arrange all viewings with both Spanish and international companies to make the process easier for you and guide you through the whole buying process. Here are some of the advantages of second-hand property when buying a home in Spain:
- Immediate availability: With a second-hand property in Costa Blanca you can move in straight away, which is ideal if you have an urgent schedule or don't want to wait for the building process. Occupancy is usually around 90 days from reserving a property.
- Established neighbourhoods: Second homes are usually located in established neighbourhoods with a variety of amenities such as shops, restaurants and public transport options.
- Price: The price difference between new builds and second homes can often be quite significant. Second homes can be more cost-effective than new builds, especially if you're willing to take on some renovation projects or be open to less modern amenities.
- Character and charm: Older homes can have a unique character and charm, especially in places like the old town in Alicante or in Altea. This can be particularly appealing to those who value authentic Spanish architectural features.
Choose a reliable real estate agent in Spain
In the grand scheme of things, the choice between new build and second-hand property is a personal decision that depends on your preferences, budget and timeframe. Whatever you choose, it's important to work with a trusted Costa Blanca property agent who can guide you through the process and ensure you make an informed decision.
Our expertise with 13 years of experience as a real estate agent in Spain is to help you find the dream home that perfectly suits your needs and desires. Feel free to contact us to start the hunt for your next property investment in Spain!
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