You are not the only one thinking wether to Buy or Build a House in Crete. The case of a new home in Greece is a delicate and expensive issue that concerns many people not in Greece but all over the world.
This question can be easily answered if we think that in the past buying something for your tastes was easier because there were so many choices for all tastes and wallets compared to today. But with the issues of the Greek economy in the years that followed, everything was frozen (loans, subsidies, construction and real estate market).
Today real estate prices and new constructions have new prices, new requirements, new law and certainly more stringent criteria.
“Home is not a place…it’s a feeling!” ― Cecelia Ahern
Advantages and disadvantages of building a new house in Greece:
One of the biggest plus is that your home will match your taste from the walls to the small furniture and the layout will be approved by you and the architect of your choice.
You will determine the budget for the construction and materials (tiles, sanitary fixtures and frames which are not predetermined by the manufacturer or the old owner in case of purchase).
You will have the first word in the architectural design, the materials that to be used and all the details always in collaboration with the engineers who will carry out the design studies and oversee the work so that everything is done correctly.
The 2 key points of a new construction are:
- Prepare yourself for a lot of red tape when to issue and build a new house in Greece
- The trap of escaping from a pre-set budget.
DON’T forget to add into your budget:
- The supervision fees of engineers.
- Tax engineers and public taxes (VAT)
Advantages and disadvantages of a buying a new house in Greece as opposed to building it:
- One of the first benefits is Time. Finding a home is quicker than building.
- The budget. Depending on the area, period and your requirements, buying can be cheaper than a new house construction in Greece.
- You will save a lot of stress, nerves and discomfort. Coordinating and overseeing a construction was never easy.
Our advice would be to think carefully before buying or building a home in Greece. Thoroughly analyze these 2 options, consult experts and find the right solution for you. After all, you will spend most of your daily life there.
Get help from a specialist engineer for more technical and experienced ways of implementing the above tips. Experienced engineers & a real estate brokers certainly know how to offer you the right solutions for your requirements and will answer all your questions about constructing vs buying a new home in Greece.
Contact us and our team of experienced engineers will be happy to assist you!