Advantages of Investing in Villas to Renovate
Investing in villas to renovate in Marbella has many advantages. Villas that require refurbishment present attractive investment prospects, enabling purchasers to design a customized luxury residence while simultaneously enhancing its market value.
Currently, the average cost for a comprehensive renovation of a luxury villa is approximately €1,500 per square meter; however, this figure can fluctuate significantly based on the quality of materials and the amenities included in the property. Given the substantial appreciation in prestigious areas such as the Golden Mile, Marbella east, Guadalmina, and Nueva Andalucía, this can be a wise and highly rewarding investment. If you are contemplating this option, here are eight key benefits of acquiring villas for refurbishment, along with some of the finest opportunities available at LuxuryForSale.Properties.
Advantages of investing in villas for refurbishment in Marbella
Here are 5 advantages of investing in properties to renovate in Marbella:
1. Access to the best locations in Marbella
Villas in need of refurbishment in Marbella are often found in the most prestigious neighborhoods, including the Golden Mile, where the availability of properties is quite scarce. Renovating a property in these sought-after locations provides an opportunity to enter a high-end market at competitive prices.
Great locations at competitive prices
Acquiring a luxury villa for renovation in prestigious neighborhoods like Casablanca, Nagueles, or Las Chapas provides an opportunity to enter premium locations at a more affordable price compared to a fully renovated property. This approach presents a promising investment with significant potential for high returns.
2. Full customisation
A villa in need of renovation presents an opportunity to customize each area to align with the buyer’s preferences and requirements, encompassing everything from the interior design to the selection of materials and high-end finishes.
Optimisation of space
Comprehensive renovations enable the home’s layout to align with contemporary luxury trends, featuring open spaces, expansive windows, outdoor areas complete with a swimming pool, and minimalist gardens.
3. Higher Appreciation.
Refurbishment properties present an opportunity for substantial value enhancement following renovation. Acquiring these properties at a reduced price and executing a high-quality renovation can yield an impressive return on investment when the villa is resold or rented out.
4. Less competition in the property market
Refurbished luxury villas are often sought after and typically fetch high prices; in contrast, villas that require refurbishment face less competition, which facilitates more favorable negotiations on the purchase price.
5. Lower-risk investment
In contrast to acquiring an off-plan property, where buyers rely on the progress of construction and delivery schedules, a villa designated for refurbishment represents a physical asset that grants the buyer complete authority over the renovation process and timelines.
Luxury rental potential
Following a thorough renovation, these villas can be transformed into luxurious vacation rental properties, yielding substantial income and ensuring a lucrative investment.
Are you looking to purchase and refurbish villas in Marbella?
If you are thinking about purchasing a villa for renovation in Marbella, LuxuryForSale.Properties is the ideal agency to assist you throughout the entire journey. We will not only help you locate the perfect property but also provide guidance at every phase of the renovation process, from initial planning and design to the final execution, ensuring you realize your vision of a dream home in one of the finest areas of the Costa del Sol.
Renovation Opportunities at LuxuryForSale.Properties
If you are looking for luxury villas for refurbishment in Marbella, LuxuryForSale.Properties offers exclusive properties with high appreciation potential:
Villa in La Judia. Located just a few minutes from the beach, this villa offers a privileged setting for a high-level renovation, with the possibility of converting it into a modern luxury residence.
Villa in La Virginia. A unique opportunity in one of the most sought after areas of the Golden Mile. This large villa is perfect for an integral reform to increase its value and turn it into a luxury residence.
Villa in Casablanca. A good magnificent option in this prestigious area of the Golden Mile, ideal for those looking for an investment with great potential for profitability.
Reach out to us today to learn how to convert a villa in need of renovation into a valuable investment.