Over the last few years, many investors have chosen to invest in buying a plot so that they can have their ‘dream holiday home’ in Comporta.
Buying a plot and building your own home offers several benefits compared to buying a house that has already been built. These are some of the main advantages of buying a plot in Comporta and building your project directly:
Personalised design
- Personalised design: when building a house, you can choose the layout and design according to your needs and preferences, from the number of rooms to the finishes.
- Materials and quality: the choice of materials to be used in construction, ensuring greater control over quality and durability.
Energy efficiency
- Modern technology: newly built homes can incorporate the latest energy efficiency technologies, such as solar panels, efficient heating systems, advanced thermal insulation, among others.
- Sustainability: it is possible to adopt sustainable practices and materials from the start of construction, which can result in long-term savings and less environmental impact.
Financial
- Cost: the cost of building a house can often be lower than buying a ready-made house, especially if you manage your budget well and opt for a simpler design.
- Increase in value: land tends to increase in value over time, and a self-built house can have a higher market value due to the personalisation and quality of the materials.
Location
- Choice of Location: you can choose a plot of land in the area that best suits you, whether it's proximity to beaches, villages, privacy or close to leisure areas.
Personal Satisfaction
- ‘The house of your dreams": there is a unique satisfaction in seeing a personalised project come to fruition and accompanying every stage of construction for future family memories.
- Involvement in the process: participating directly in the construction process allows you to make adjustments as necessary and confirm that your project fulfills your expectations.
Legal and bureaucratic issues
- Regularisation: building a house on a plot you have bought can be simpler in terms of regularisation, as you will be aware of all the stages and can ensure that all the rules and regulations are followed from the outset.
However, if buying a plot allows us to have our dream home, it's important not to forget that it's a difficult process with the following challenges:
Construction time
- Construction delay: the process of building a house can be lengthy, often taking months or even years to complete. During this time, you may need to continue paying rent or living in another place.
- Delays: construction is subject to delays due to various factors, such as weather conditions, problems with suppliers, or legal issues.
Complexity and Management
- Project management: building a house involves coordinating various suppliers, contractors and professionals, such as architects, engineers and builders. Managing this process can be complex and require a lot of time and effort.
- Bureaucracy: there are a number of approvals, licenses and regulations that must be complied with, which can make the process bureaucratic and time-consuming.
Costs
- Budget: although there is the possibility of reducing costs, the construction value can easily exceed the initial budget due to unforeseen events, design changes or increases in the price of materials.
- Financing: obtaining financing to build a house can be more complicated than buying a ready-to-move-in home. Banks often require stricter cash flow management and periodic inspections of the progress of the work.
Risks
- Unforeseen problems: unexpected problems can arise during construction, such as issues on the ground, structural faults or problems with the quality of materials.
- Construction quality: if the construction is not well managed, it can result in quality problems that will only be noticed once the house is ready and inhabited.
Stress and Involvement
- Personal commitment: building a house requires a high level of involvement and can be a significant source of stress, especially when unexpected problems arise.
- Continuous decisions: you will need to make numerous decisions throughout the process, from major structural choices to small finishing details.
Logistics and localisation
- Infrastructure: in some cases, plots of land may not have immediate access to basic infrastructure such as electricity, water, sanitation and access roads, which can add costs and complications.
- Neighbourhood: it can be difficult to predict how the area surrounding the land will develop, unlike buying a house in an already developed area.
These are some of the advantages and challenges of buying a plot and building a house in Comporta. It's important to weigh up these considerations carefully and plan accordingly to minimise the risks and challenges!
