Why choose a property under renovation in Croatia?

If you are planning on buying home in Croatia then purchasing a property under renovation on seafront can be an ideal option as the coastal areas of Croatia are immensely popular amongst the real estate investors. Renovation properties are comparatively cheaper to buy but they might require extensive restoration and repair work in addition to exterior remodelling and home improvements.

Local laws prohibit construction of new properties in the coastal belt of Croatia and owners of existing homes are not willing to sell their cherished houses. Therefore, buying a property under renovation is the best option. Old historic houses are being purchased by foreign investors for rental gains by converting them into holiday homes and are increasingly becoming popular among buyers for their old world charm and attractive price.

The rural belt of Croatia has many old houses which are built on solid foundations but require extensive renovation and restoration as they are lying vacant and unused. Their proximity to the sea makes them attractive for foreign investors who see immense tourism potential these properties have to offer. These houses might not look appealing at first sight but once renovated and restored, they can be a excellent value for money proposition for serious investors.   

You need to hire professionals for the renovation and restoration of old homes in Croatia to ensure that work is carried out as per your specifications and requirements. Make sure they meet the timelines for carrying out the repairs and the project is not dragged unnecessarily. It is advisable to engage a competent lawyer for obtaining permits and all kinds of legal documentation involved in the purchase and restoration of the historic property. Services of a good contractor should be availed to get the costing for plumbing, electrical, polishing and painting of the house. Once the contract is given for the renovation, the buyer must pay a regular visit to the property to ensure the work is done to his satisfaction.    

Due to high demand and strict construction laws, buying a new property in Croatia is becoming more expensive and foreign buyers are exploring the option of investing in affordable old houses needing renovation. These old houses are available in plenty and they might not seem very attractive in first glance but most of them are built on solid foundations and offer spectacular views of the surroundings. Renovation of old homes in Croatia can be time-consuming as it is done in various stages but it is worth the effort. 

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Added: 30.12.2018.

Category: CROATIAN REAL ESTATE INFO

ABOUT AUTHOR

Marija Pavlic is a young girl with lots of potential, an inevitable carrier and the main connection of the communication channels within the agency. Responsive and well-organized, all work tasks accomplishes impeccably. Her pleasant voice will introduce you kindly to the interesting real estate world of Broker agency.

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