How much cost to build a house in Marbella?
When deciding between purchasing or constructing a luxurious villa, there are various factors to consider. For many individuals who build their homes, the main reason is that the final product will be customized to their preferences and designed according to their style. Similar to the question “How much does a car cost?” the answer to “What is the cost of constructing a luxury villa?” also varies based on your specific requirements. Even a seemingly simple item like a door can range from €1,300 to several thousand euros, so the cost of building a villa is determined by how much you are willing to invest and the level of quality you want to attain.
The cost of building a home in La Zagaleta varies based on factors like plot features, material quality, landscaping, and more. Generally, for a top-notch residence there, the expense could be roughly 4200€-5100€ per m2, excluding the land cost, potential retaining walls, and landscaping.
A rough estimate for constructing a luxury villa through a self-build process.
For a luxury villa with a spacious 800m2 living area and an expansive 400m2 basement recreation space, the expected cost would be around €2,000 per square meter, including high-quality finishes, totaling approximately €2.4 million. The cost of a top-of-the-line kitchen with premium appliances is likely to be around €100,000, and the landscaping of the property is also expected to cost approximately €100,000.
Along with the expenses mentioned earlier, the self-build process entails several other essential costs, such as fees for the architect, project management, licenses, technical reports, permits, and taxes. These expenses alone are expected to total around €600,000. Additionally, it would be best to consider the cost of purchasing a desirable plot and its associated taxes. Altogether, the estimated cost of a self-built luxury villa, including all the abovementioned expenses, could amount to roughly €6.5 – 7 million.
Assuming that you decide to sell the constructed villa, we estimate that the property in a prime location could be listed at approximately €10 million.
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Important advice here if you’re embarking on a construction project.
– Constructors get paid for what they have executed correctly in the previous month – not in advance.