You both said that you wouldn’t be led by the heart when you were deciding which property to buy in Portugal.
The head and sound business brain were going to be used at all times.
The sun was shining and you were being shown around by a very nice person who explained everything to you and how busy they were with lots of foreign clients snapping up the best properties.
Then you came to the ideal property to buy in Portugal.
You both agreed (almost) that it was the one for you and you both can’t wait to get it tied up with a contract unless some other hard nosed negotiator comes along and makes an offer.
Yes, I have been there myself, more than once!
So I think I must be something of a slow learner.
Let me tell you what I have learned during the last 20 years of buying and renovating property in Portugal.
The information could be valuable and save you a lot of money.
Question 1, which of these two properties would you buy (a, is 24,000 and b, is 32,000 Euros) Answer – 94% of you will buy B.
Question 2, which of these two properties would you buy if you knew B had a structural fault. Answer – 80% of you will buy B.
Question 3, which of these two properties would you buy if you wanted a home of character in Portugal. Answer – 99% of you will buy B.
Now for some interesting and hi value information.
You could negotiate house A down to buy price of around 18,000
You could negotiate house B down to buy price of around 30,000
It would cost 500 Euros to knock house A down and clear the land ready to build a dry, warm home of character. You can even use some of the original stones.
It would cost at least 8,500 euros to strengthen the walls of house B and fit a new roof. You would then have to pay for the full refurbishment of the house.
With house A you can have your rooms the size that you want by making the footprint of the house bigger or smaller.
With an 11,500 purchase price difference I know where I would invest my money.
Castelo Construction can be contacted via this link email@example.com