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Engel & Völkers Licence Partner Lagos, ALGARVE > Blog > Buying land - Advantages of building your own home, Lagos, Algarve

Buying land - Advantages of building your own home, Lagos, Algarve

There are different ways to invest in real estate. In the current market context, where demand is higher than supply, acquiring a plot of land can be a fantastic option, especially for those who are considering to build.

In general, real estate is a good investment, but when it comes to land in a good location the return tends to be higher.

In addition to the potential future appreciation there are other advantages in building your own home, we present you just a few:

Potential of valorization;

The construction gives value to the land. The potential for appreciation will be one of the main reasons to invest in land. Even if your intention is not to build immediately it's always good to know that your investment has a return that does not just depend on market movement. The price of a plot of land in a good location, plus the value of construction will, in most cases, cost less than properties already built (when comparing the same location).

Schedule adapted to your needs

When buying a plot of land to build your own house you will have the possibility to adapt the fases of construction according to your needs and / or financial possibilities. Increase or slow down the rhythm according to your own will.

Possibility of customization

Another advantage that this alternative offers is the possibility to build the house of your dreams, customized according to your will and needs, which will bring you more comfort and quality of life - renovations and adaptations of houses already built can bring high and unexpected costs.

Possibility of living in a good location for a lower cost

If you have already started to research on real estate prices you have already noticed that in the best locations prices are much higher. It will definitely not be necessary to invest such a large amount to have a property in a good location if you choose to build.

There are some cautions to take when it comes to buying land. You can count on our experienced team to help you with the key issues;

- We know the market well and have already pre-selected some of the best locations available in Lagos, Aljezur and Vila do Bispo areas;
- We analyze the documentation to validate the construction potential and other legal constraints that may arise;
- We compare the market values so that we can confidently offer you alternatives that we believe are good investments at the fair market price;
- If you wish to build, we can help you bring together a team that will support you throughout the entire process from the project, building licensing and construction.

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Licence Partner Lagos, ALGARVE

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