Reforming A Property

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jogger
Andalucia.com Amigo
Posts: 220
Joined: Sun Jun 03, 2012 8:00 pm
Location: Chichester/Casares

Reforming A Property

Postby jogger » Mon Dec 12, 2016 5:36 pm

Hi, I was hoping you could help me with a possible purchase.
Is it a problem to reform a property in a town, mainly inside work, taking down a few outhouses and adding terraces? Would we need a licence to carry out this work and if so would it be a long drawn out affair? What would we expect to pay in VAT on top of the builders quote? Also would there be a charge for licences if needed? The property is in Periana.

Thanks

El Cid
Andalucia Guru
Posts: 13496
Joined: Sun Oct 24, 2004 10:42 pm
Location: La Herradura, Costa Tropical, Granada

Re: Reforming A Property

Postby El Cid » Mon Dec 12, 2016 6:05 pm

Yes, it is certain that you will need a building licence. How long it will take will depend on the amount of work involved. Extending it and structural work may classify it as an " obra mayor" and require an architect and a full set of plans and specifications.

The cost is based on a percentage of the estimated costs. It could be as high as 6% or more depending on the local rules. VAT will be at the normal rate. If you do a cash deal for some of the work, that could give you problems in future when selling as you would not be able to offset any costs against a potential CGT bill.

Sid

jogger
Andalucia.com Amigo
Posts: 220
Joined: Sun Jun 03, 2012 8:00 pm
Location: Chichester/Casares

Re: Reforming A Property

Postby jogger » Mon Dec 12, 2016 10:56 pm

Thanks Sid

User avatar
fincalospinos
Resident
Posts: 824
Joined: Sat Jul 16, 2005 9:17 am
Location: Caleta de Velez

Re: Reforming A Property

Postby fincalospinos » Tue Dec 13, 2016 8:15 am

............ And dont forget to add an extra 10% at least for "Unforseens "
Hardworking resident !!

jogger
Andalucia.com Amigo
Posts: 220
Joined: Sun Jun 03, 2012 8:00 pm
Location: Chichester/Casares

Re: Reforming A Property

Postby jogger » Thu Dec 15, 2016 10:12 pm

Decided not to do it in the end and have now bought in Casares Pueblo. A total surprise, as for the last four years we've been looking around the Axarquia area.


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