What option is more expensive, new construction or a comprehensive renovation? Victor Fernandez, a building surveyor, gives you the answer:
– 🏚️ PROPERTY CONDITION: This is the most delicate point and often where there are the most doubts. It is important to provide a good technical assessment of the structural condition of the property to make a realistic cost projection.
– 📏 SIZE: Does it make sense to renovate a 200 m2 home if what we need is a 120 m2 home? We believe it doesn’t.
– ⏳ TIMELINES: They are practically the same as in new construction, 24 months.
In summary, except for very specific cases of renovating a home in good condition (where there is no intervention on the structure), we understand that refurbishment is not profitable compared to new construction and that is why we do not carry out refurbishment projects.