fbpx

The advantages of investing in an apartment to renovate

Investing in a renovating apartment may seem risky for some, but it is a popular real estate investment strategy for several reasons. First, buying a renovating apartment can be cheaper than a new or move-in ready property. Sellers may want to sell quickly and at a lower price to avoid additional renovation or property management costs.

Secondly, buying a renovating apartment gives you the opportunity to customize and renovate the property according to your taste and needs. You can work with professionals to create a personalized and unique space that meets your needs and preferences. Additionally, renovation can reduce long-term maintenance and repair costs, as you are able to replace faulty or outdated appliances and materials with modern and more durable ones.

 

Another advantage of investing in a renovating apartment is the potential for significant appreciation. If you successfully renovate the property, you can increase its value and make a significant profit by reselling it or renting it out at a higher price. Moreover, the demand for renovated apartments is often higher than for non-renovated properties, which means that you can find tenants more quickly and at higher prices.

Finally, investing in a renovating apartment can offer attractive tax benefits. Indeed, certain renovation expenses may be tax-deductible, which can significantly reduce short-term and long-term investment costs.

Of course, there are also risks associated with investing in a renovating apartment. Renovation costs can exceed estimates and timelines can be longer than expected, which can impact your finances and return on investment. Therefore, it is important to conduct thorough research before investing and to work with qualified professionals to ensure that you have an accurate estimate of costs and timelines.

In summary, investing in a renovating apartment can offer many advantages, including the opportunity to customize and renovate the property according to your needs and preferences, as well as the potential for significant long-term appreciation. However, it is important to exercise due diligence and work with qualified professionals to minimize risks and maximize the return on your investment.

Come and see what ruby realties has to offer, contact our agency RubyRealties : +34 937 975 602 / [email protected]

 

 

Best Areas of Barcelona to Live in

Best Areas of Barcelona to live in

Barcelona is a vibrant and diverse city that offers something for everyone. If you’re thinking about moving to the city and looking for the best areas to live in, you’ll have plenty of options to choose from. Here are some of the most popular and desirable neighborhoods in Barcelona that are worth considering:

 

El Born
El Born is a charming and historic neighborhood located in the heart of the city. This area is known for its narrow streets, picturesque plazas, and colorful buildings. It’s also home to some of the best restaurants, bars, and shops in the city, making it a great place to live if you’re looking for a lively and diverse community.

 

 

Eixample
Eixample is a spacious and upscale neighborhood located just north of the city center.

This area is known for its beautiful tree-lined streets, impressive architecture, and high-end shops and restaurants. It’s also home to some of the city’s most iconic landmarks, including the Sagrada Familia and the Casa Batllo.

Gracia
Gracia is a bohemian neighborhood located just north of Eixample. This area is known for its independent shops, bars, and restaurants, as well as its strong community feel. It’s also home to some of the city’s most colorful streets and plazas, making it a great place to live if you’re looking for a more relaxed and laid-back lifestyle.


Barceloneta

Barceloneta is a lively neighborhood located on the beach, just east of the city center. This area is known for its seafood restaurants, bars, and nightlife, as well as its proximity to the beach. It’s a great place to live if you’re looking for a more coastal lifestyle and enjoy the beach.

 

Ultimately, the best area to live in Barcelona will depend on your personal preferences and needs. Whether you’re looking for a lively and diverse community, a more relaxed and laid-back lifestyle, or a more suburban lifestyle, there’s a neighborhood in Barcelona that will suit your needs. It’s important to visit the different neighborhoods and explore for yourself before making a decision.

Come discover the offers of Ruby Realties present in these neighborhoods. Feel free to reach out and ask us for anything more
information you may need at + 34 937 975 602

ARE YOU INTERESTED

IT'S TIME TO DISCOVER

how ruby realties can help you

BUILDING LOCATION

Property management in the 21st century should be as simple as A B C.

Digital, green, and straight forward. 

Call us now

ADDRESS:

Calle Llacuna 94, Bajos 2
Barcelona 
08018

Phone:

+34 937948919

CONTACT AGENT

Ceo and Founder

Rebecca Day

CERTIFIED AGENT

ENQUIRE

Error: Contact form not found.

©RubySLIPPERSBCNSL 2021 All rights reserved. Terms of use and Privacy Policy