Marbella Right Plot of Land.
Finding the right plot and building your own villa in Marbella seems like the best way to obtain the villa of your dreams at the best price. But beware life is never that simple. There are pitfalls to even those who have experience. Not least is knowing for certain exactly what else may be built in the neighbourhood.
Zoning and planning permissions can be interpreted differently by local townhall administrations, and what was once low density may one day be multi-storey or worse. To be sure, buy your plot in a well urbanised area where you can see what’s built, and where there is no room for new development.
Alternatively, buy your property in Spain in one of the new golf developments, where the open, green spaces are guaranteed. Check the value of other properties in the area. They should be worth more than the villa you intend to build.
Choose your architect with care. Make sure you see other houses he has designed, and that he understands the style you desire. Work with him on your requirements for the interior distribution of the villa. Double check that the dimensions of the salon, master bedroom and kitchen are to your liking. These are the most important rooms in a house, but strangely they often turn out too small. Know that an architect’s initial, verbal estimations of cost can be much lower (up to 25% lower) than the builders estimates.
Obtain at least three estimates from different builders, and be sure you know exactly what is included and what is not. Any changes you make to the design or finishes during the construction process will be disproportionately expensive – so preferably don’t make any. Be sure you are happy with the design down to the last patio and walk-in wardrobe, style of taps and placement of electrical points, before you accept an estimate and sign a contract with the builder of your choice. If you have the chance, take a good look at something your builder is working on. See how neat and tidy his workmen are on site. It’s a great indication of efficiency, and the ability to stick to a timescale.
The devil is in the detail, but it’s more than worth the time and effort taken to work it all out at the beginning of the process and not just take it as it comes.
Still, no matter how carefully you do the preparation and the sums, you are likely to go at least 10% over budget in the end. Conservatively, build a 15% contingency into the costings to cover unforeseen building problems and inevitable last minute changes of plan.
So that lovely 4 bedroom Marbella Home, you thought you could build for 600.000 will in fact cost 800.000. But looking on the bright side, it’s exactly the villa you always wanted and it’s probably worth 25% – 50% more than you paid for it (the price you would have paid for the equivalent villa on the market). And didn’t you have fun!
don’t miss marbella.
Sunny winters and low interest rates bring an enormous amount of foreign investment to Marbella. Nowadays you don’t miss Marbella, you buy again and again!
As increasing numbers of visitors are discovering, Marbella has a range of qualities which makes it a fabulous place to spend time, particularly in the winter. The sunny climate, protected from the worst aspects of the season by the mountains, is a brilliant tonic from the cold, dark days of the northern european winter. Marbella is a cosmopolitan town, lively all year round and the greatly improved infrastructure, in terms of roads and communication systems, means that business can be conducted from your frontline beach home! The enviable Marbella lifestyle ensures that property in Marbella will always be a good investment. The enormous number of foreign investors has prompted the banks to capitalise on activity in the property market and interest rates in Spain remain among the lowest in Europe. Investors have seen returns on their capital in the region of between 15% -20% each year for the past five years.
LuxuryForSale.Properties Real Estate.
LuxuryForSale.Properties agency offers property marketing on a worldwide scale, a long- standing commitment to service and an unrivalled portfolio of new and resale properties. Whether you seek to invest in property, purchase or rent a villa, penthouse, apartment, townhouse or country property, click through our site to view our database of continuously updated properties in and around Marbella, at the Costa del Sol in Spain.
LuxuryForSale.Properties has the marketing rights for many of the most significant villas, apartments, penthouses, plots and building land in Marbella, Puerto Banus and Sotogrande.
Our website obtains some 5,000 unique visits per week. The ‘Dream Homes’ pages include 360o virtual tours and the ‘Find a Property’ section has detailed descriptions and a variety of photographs for the 2,000 properties presented. The website is easy to navigate and provides a wealth of information and advice for both the purchaser and the vendor.
Our well-trained professionals whose expertise will guide you through every aspect of buying a home; from choosing an area and type of property, through negotiation, to introducing you to legal and financial advisers of repute who will assist you with completion. Our years of experience permit us to recommend banks and mortgage providers who are the most efficient, active and reliable in Marbella, if you wish. Buying your property is just the beginning of a long-standing relationship with us.
The importance of our ‘After Sales Department’ cannot be overstated when most of our clients are so limited for time due to commitments elsewhere. We will assist you with all the processes involved in moving, from having your electricity connected to interior design, decoration and renovation work with our own company if required.