Finding the property of your dreams that meets all the criteria corresponding to your needs is not always easy... Indeed, the time when you are looking for your future villa and the time when it appears on the market may not coincide... Thus, an interesting question arises: why not buy the land that is made for you to realize your ideal project or buy a property to be renovated to make it the property of your dreams?
Magrey & Sons has studied the issue and thus outlined the advantages of both types of purchase and/or investment:
Advantages of building a property on a bare plot of land
Building a new house allows you to design a custom-made property, adapted to your architectural tastes and style. Indeed, if you are a fan of light and clarity, you can consider optimizing the orientation of your villa and thus maximize its openings according to the sun. Moreover, this allows you to create an energy efficient property insofar as the optimization of the openings will allow the premises to benefit from passive heat. Also, the quality materials chosen by you will also allow you to realize some energy savings.
In addition to an energy-efficient house, you will be able to make your villa more ecological by installing photovoltaic panels, if authorized, or by setting up a rainwater recovery system or by using geothermal energy and/or similar.
Building your own home gives you the opportunity to equip your interiors with modern and comfortable equipment, such as the installation of a home automation system that will make your home fully connected, the installation of underfloor heating and many other types of services. You will also be able to consider designing your home according to the latest electrical and internet standards to benefit from the latest technologies and connectivity in each room.
You will also be able to comply with all current thermal standards (RT 2012 and RT 2020) applicable to properties and even anticipate them from the design stage.
When buying a plot of land, it is nevertheless recommended to be vigilant. Indeed, some of them, whether they are buildable or not, can be sold without a building permit... Magrey & Sons, with its 50 years of experience and expertise, offers you some rare opportunities of buildable plots of land that can meet your expectations, without any constraints, with an offer of architectural project development.
Advantages of investing in existing properties with the aim of renovating
First of all, existing properties are often very well located, close to sought-after infrastructures. Indeed, one of the first criteria of a property is its location.
Buying an older property to renovate allows the buyer to benefit from an often-privileged address, an existing villa that can be adapted to his renovation project and to "compress" the time frame compared to a new construction.
When you make this type of acquisition, the duration of the renovation work can vary between six and 12 months, whereas the construction of a property can take between 18 and 24 months. The condition of the property at the time of purchase is a key factor in limiting this delay.
By renovating an existing home, you can combine the charm of the old with the comfort of the new. For example, by renovating the facade or insulating the exterior, you can enhance the value of your property from an aesthetic, energy and ecological point of view.
Also, the acquisition of certain existing housing can give access to fiscal and financial aid offered by the state such as the zero rate loan, energy bonuses, reduced rate VAT etc.
During this type of acquisition, it is essential to make arrangements and to ensure the official state of the old property in order to have full knowledge of the extent of the work to be planned. Once again, the Magrey & Sons group offers a large portfolio of properties to be renovated, appraised, with proposed renovation projects.
