With housing prices rising and empty commercial premises on many streets, the operation has become fashionable: he change of use from premises to housing. It can be a great move — buy at bargain prices and build home equity — or a money sink if you don't check the basics before buying.. This is the guide in correct order.
Paso 0: urban viability (before paying anything)
The first filter is not the reform: is he municipal planning. Each town council regulates whether residential use is allowed on that plot and on that floor., if there is a density limit (maximum number of homes per building) and what conditions does it require. It is verified with an urban planning consultation or certificate at the corresponding town hall.. Buy the premises “and we'll see” It is the mistake that ruins the entire operation.
Paso 1: technical habitability requirements
The future home must comply with habitability standards and the CTE: minimum surface, sufficient headroom, natural ventilation and lighting (sufficient facade: deep places without gaps usually fail here), stays with their minimums, accessibility and smoke outlets if applicable. An architect verifies it in a visit before buying: It is the best money spent in the process.
Paso 2: the community of owners
Check the statutes: if they prohibit the change of use or modification of common elements that you need (new holes in façade, chimneys), you will need community agreements. Although the statutes are silent, Any work that touches the façade or common elements requires authorization.. Talking to the community before buying avoids lawsuits later.
Paso 3: project, licenses and writing
With clear viability: technical project for change of use and renovation, municipal license (work and change of use), execution, responsible declaration or license of first occupation of the new home and, in the end, modification in writing and registration (The premises also become housing legally.) and in Cadastre. Only then is it a home for all purposes: hipotecable, rentable and sellable as such.
The numbers of the play
Ingredients: local price + comprehensive reform + project, licenses and taxes, compared to the final value as a home on that specific street. The operation works when the local-housing differential in the area is wide and the local has a façade and reasonable proportions.. That final value—the data that holds everything together—is a market valuation What we give you for free before you buy anything.
Have you had your eye on a place? From our real estate consultancy we help you verify the viability with the appropriate technicians and provide the complete numbers of the operation. First papers and numbers; the reform, the latest.
