This article is a continuation from the following blogs:
- Water Issues at Cheap Property in Central Portugal
- Identifying a Bargain Property in Central Portugal
I recommend that you check these posts out first to understand how this blog may help you.
Stone Property with Views
Price: €40,000
Description: A fantastic investment opportunity featuring large garden, beautiful views and sound structure.
Location: Cotas, Alvorge
Reference No: 219
Services Connected… Now What?
If you are about to start work stripping out, taking the roof off or knocking down walls – Stop !
Now is the time to make sure that you have all the council licenses (penalties of €400 per offense are common) that you need to do the work and if you are thinking of enlarging the property, putting on a veranda, installing a new concrete first floor, fitting a new roof or simply knocking through a window or door, you should check that you don’t need planning permission first.
Ruin with Large Grassy Plot
Price: €25,000
Description: A local stone ruin on a flat plot of land measuring 1000m2 10mins from town.
Location: Vila Novo, Miranda
Reference No: 193
If you do require a planning project and planning permission there are some stringent new regulations which will not only delay your work but may make the refurbishment of your property almost impossible. This is another reason why you should only deal with a fully licensed Portuguese company when looking to buy a low cost or bargain house. Who else can give you the advice you require on local building conditions and viability?
Of course if the agents you deal with are not licensed to sell property and are not registered in Portugal with an AMI number, you have ABSOLUTLY NO COME BACK OR SECURITY in your purchase at all.
Once you find a property that you like. You should ask for the details of the property in writing. If you intend to refurbish or enlarge the property get the seller/agent to go to the local authority planning department with you and ask if it is possible to do what you want to do.
This is the ONLY way you can be happy that what you are buying is what you are going to get.
Tags: bargain property, bargain property in central portugal, cheap property, renovation
April 30, 2009 at 7:01 pm
We have our own ideas for the renovation of an old house we are interested in buying in central portugal
How do we check if these ideas are possible without it costing a fortune and then to be told no. You can’t do it.
Help!
May 30, 2009 at 8:54 pm
I have a friend who has a water bore hole and pump. She tells me that her bore hole licence has a monthly amount of water that she can bring out of the ground. As she has not got a meter fitted how can she or the water company know how much water she is using?
October 8, 2009 at 9:52 pm
If I was to buy a bargain property for lets say 10,000 to 15,000 what would it cost to turn it into a property suitable for holiday letting.
Any idea welcome
P.