Embarking on the journey to purchase a home on the Costa del Sol is a thrilling adventure, and one of the first choices you’ll face is whether to go for a brand-new, pristine newly built property or an established charismatic resale property.
Like all things in life, each option comes with its own set of advantages and considerations. In this guide, we’ll explore the pros and cons of both new build and resale properties, helping you make an informed decision that aligns with your Spanish property dreams.
New Builds and New Developments
Pros:
- Modern Comfort and Amenities: New build properties often come equipped with the latest in modern comfort. Energy-efficient appliances, contemporary designs, and up-to-date technology, such as climate control systems, provide you with a hassle-free and comfortable lifestyle from the very moment you move in.
- Customisation Possibilities: Being the first owner of a new property means you have the privilege of tailoring it to your unique tastes. You can personalise everything, from the colour schemes to the kitchen layout, to create the home you’ve always envisioned.
- Lower Maintenance: A new build is pristine and free from the wear and tear that older properties may have. This means less maintenance and renovation work, allowing you to focus on enjoying your Spanish paradise rather than tackling a to-do list.
- Warranty Coverage: Newly constructed homes and developments in Spain come with structural warranties, providing peace of mind regarding the property’s structural integrity. Many issues are typically covered for the first ten years.
Cons:
- Higher Initial Costs: Modern amenities and conveniences often come with a higher price tag. New build properties tend to be more expensive compared to their resale counterparts.
- Incomplete Surroundings: New developments might be in areas that are still undergoing growth and development, resulting in an incomplete or quieter neighbourhood. This can lead to temporary inconveniences from building, construction traffic and noise.
- Limited Character: New builds may lack the unique character and charm that’s often associated with older and more established properties.
Resale Properties
Pros:
- Character and History: Resale properties often have a certain character and charm that tells a story. Elements like traditional architecture, antique features, and a sense of authenticity can be immensely appealing to both homeowners and buyers alike.
- Established Neighbourhoods: Resale properties are frequently located in well-established neighbourhoods, boasting mature gardens and well-operated community systems. You’ll get to experience the charm and convenience of a well-rounded community right from the start.
- Potential Value: Older properties can offer excellent value for your money. You might find that you can get more space and a unique setting at a lower price compared to a new build.
Cons:
- Maintenance Needs: Resale properties may require more maintenance and potential renovations. In this instance, it’s important to be prepared for any additional costs and projects to bring the property up to modern standards.
- Limited Customisation: While the existing charm and character may be captivating, it can also limit your ability to customise the property to your preferences.
- Uncertain History: Older properties might have hidden defects that require more investigation and a thorough understanding of the property’s history.
Making Your Decision: New or Resale?
The choice between a new build or a resale property in Mijas ultimately boils down to your unique preferences and priorities. To guide you toward the right decision, consider the following:
Budget: Your budget is always a significant factor. If you’re willing to invest more in a modern, low-maintenance property, a new build might be the right choice. If you’re looking for a more affordable option with character, resale properties offer excellent value.
Personalisation: Do you dream of designing your own space with modern amenities, or do you value the authenticity and charm of an established home? If you want to create something from scratch, a new home might be the solution.
Location: Consider the location and the surrounding neighbourhood(s). New builds might be in quieter, developing areas, while resale properties offer a glimpse into the vibrant heart of both Spanish and expat communities.
Maintenance Tolerance: How much maintenance work are you willing to take on? New builds offer lower maintenance requirements, while resale properties may require renovation or additional upkeep.
Legal Considerations: Regardless of your choice, always ensure you perform comprehensive legal due diligence on the Spanish property you’re interested in to safeguard your investment. We highly recommend getting guidance from a local lawyer, so you can arm yourself with as much information as possible.
Mijas Properties: Your Trusted Real Estate Partner
Whether you’re drawn to the allure of new builds or the charm of resale properties, Mijas Properties are here to make your Mijas property dream a reality. With nearly four decades of experience in Mijas Pueblo and the surrounding areas, we’ve helped countless clients find their ideal homes. If you’re considering buying a property in Mijas Pueblo and beyond, we’re your expert guides! Our extensive portfolio features a wide range of properties, including both newly renovated homes and project homes waiting for you to put your stamp on them.
Don’t hesitate to reach out to us and let our team assist you in discovering the Spanish property that aligns perfectly with your vision.