Real Estate: Why Now is the Right Time to Buy and Renovate Your Home in Greece

Investing in Greece real estate has become more lucrative than ever before.

Why is now the best time to buy a home?

Following a decade of economic crisis, the government implemented measures to recover the country’s economy.  That brought gradual financial recovery and a positive impact on real estate.  The best time to buy property is at the onset of the recovery phase when prices are more affordable but ready to increase.   Property prices will rise over the next couple of years unless adverse events hinder market stability. So, now is the time to buy.

Property taxation is reduced by almost 30% for the next two years, and deductions may reach 50% for renovation and property investment. Also, payment of  VAT (value-added tax) of 24% on property investments is postponed till the end of 2022.  The best time to purchase a home at record low prices is the present.

Fouskas Construction, a company with 20 years’ experience in Renovating Homes in Greece, can help you make your old house new and increase its value for future development and profitable returns on investment.

How to choose the property to buy

There are many factors to examine, such as modern or classic, old constructions, depending on what you want, and where you want it.  City areas and surrounding suburbs are developing, promising profitable returns.

The first and foremost is location.  Proximity to the city center, transportation, schools, shops, modern facilities, and green spaces points to consider.  Also, do not overlook parking availability, a problem all city-dwellers are facing.

Choose a property at a very affordable price, like an old apartment. When renovated and remodeled, it will pay you back.  Fouskas Construction proposes extensive changes and renovations, which eventually increase the property’s low purchase value.

Most houses or commercial properties in old buildings require renovation. For this reason, their purchase price is low. If you are thinking of a long-term benefit opt for older buildings.  After you renovate and remodel them, you can enjoy a steady income and profitable returns for years to come.

Should I renovate or remodel?

Well, there’s a big difference between the two. A space renovation makes the old new again.  If you prefer a certain neighborhood, but need something different or more modern,  then the answer is renovation.

A renovation involves repairing, fixing, and modernizing a home or commercial premise.  Renovating your place is the most budget-friendly solution because you do not need to change the whole area all at once.

A renovation is an easy solution to upgrade your house at your pace and budget.  Fouskas Construction can help you plan your project one step at a time when you are ready.

A complete makeover

Remodeling is another solution, but it is more costly as it involves the infrastructure, and the layout can change completely. Remodeling is an excellent way to add functionality and beauty to your home, and a portion of the expense is returned in the form of increased property value.

Replacing windows,  kitchen, and bathroom upgrades generates the highest returns.

The ultimate reason for remodeling is the satisfaction gained from living in a modern home.  If you want to profit from remodeling, you should relate the cost and the payback to expect.

Why choose Fouskas Construction?

Fouskas Construction, with our experienced workers, creativity, and energy, can help you turn an older property into a brand-new home.  With more than 20 years of renovation and construction experience and a genuine passion for client satisfaction, you can rely on us for your next living room, bedroom, or kitchen renovation project. We offer high-quality services to achieve 100% satisfaction for our customers!

Now is the right time to contact Fouskas Construction to complete your remodeling project easily and quickly.