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If you already have a villa in on Sardinia North-easterner coast or you would like to buy an estate in need of a makeover, you are probably scared at the thought of the commitment it requires, the numerous quotes you'll need to request, the choice of the materials and finishings, and the time the process takes.
But don't worry: you are not the one scared at the idea of a house renovation. In this article, we will explain to you 5 great reasons why buying a villa to renovate in Sardinia, or if you already own one, why it is time to refurbish it.
Luxury, nature, and dream beaches: Costa Smeralda is a Mediterranean paradise that makes everybody fall in love at first sight. Besides being internationally renowned for being the jet-set hot spot, the North-Eastern coast boasts a charming hinterland with ancient stone villages nestled into the granite rocks where time seems to have stopped.
A great reason to renovate your villa in Sardinia is that it can help you increase the value of your property. The value of a newly renovated villa rises from 5% to 10%. It is a little wonder that many villa owners choose to renovate their homes before putting it up for sale because it broadens their market appeal, allowing them to find buyers easily and also prevents the residence from losing value in case of a problematic situation in the real estate sector.
Renovation is economically worthwhile.
Buying a Costa Smeralda villa is less costly than purchasing a new one. Thanks to the tax deductions for the renovation and energy redevelopment, everything you are going to do on your property in the medium term will cost about half, provided you have the requirements to access the deduction. As specified by the Revenue Agency, the tax relief on building renovation works consists of a deduction from the IRPEF (Personal income tax)of 36% of the expenses incurred, divided into ten annual fees of the same amount, up to a total amount of the same not exceeding 48,000 euros per property unit.
However, for expenses incurred from 26 June 2012 to 31 December 2020, it is possible to take advantage of a higher deduction (50%), and the maximum spending limit is 96,000 euros.
There is also an Irpef deduction, within the maximum amount of 96,000 euros, even for those who buy refurbished residential buildings, but for a better understanding of these aspects, head to the circular of the Revenue Agency.
Renovating a house is also an opportunity to increase house efficiency and reduce its eco-footprint. Some green modifications allow achieving warmer environments in winter and cooler in summer and, also home automation systems and hi-tech solutions that improve the quality of life at home.
The last positive aspect – but probably the most important –of buying a villa in need of renovation is the possibility to change it and tailor it on your needs. By relying on trusted professionals, you can remodel the interior spaces and make the most of them, getting more comfort and unlocking hidden potentials, creating a home that you will feel even more yours, that fits your dreams and reflects your style and personality.
Do you want to buy a villa to renovate in Porto Cervo? Contact us to learn more about our luxury real estate selection of unique opportunities.
We will accompany you throughout each purchase process until the sign of the notary deed by offering legal, financial, and tax advice support.
Our real estate agency collaborates with reliable local professionals who will help you in creating the home of your dreams.
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