It wont be easy, but it’ll be worth it
Because of Time
Time is always a factor that people have in mind, to refurbish a property is faster and quicker than actually build a new one, especially because of the administrative work behind it, paperwork normally takes less time.
Regarding time spend on refurbishment is also a factor to have in mind, normally to refurbish a property can take from 6 to 9 months depending on the integral renovation project and size of the house, a new build can take up to 14 months also depending on many constructive factors.
Because of the Location
Javea has not so many nice plots left for new build and areas for development have become more and more restrictive, therefore many old houses back from the 70's and 80's are now on the market with high needs of refurbishment on great locations that would be impossible to buy for new builds.
Because of the price
Obviously, this is a very wide range of understanding depending on the quality that we are ready to give our future refurbishment, but in general refurbishing and renovating properties is cheaper than building new ones, although new builds have many advantages also.
Because of the Investment
Buying an old property and refurbishing it, it’s a difficult process and takes some time, but the economic benefits of it make it worth the project despite where you want it as your future home or an investment scheme. If it is for your future home, you will create automatically a high plus Valia for the future if it is for investment your profit is virtually guaranteed in a short-medium financial scheme for a high return that not too many businesses offer our days.