Building your dream home in Mallorca provides you with the opportunity to design a perfect space to fit your lifestyle and needs. Building a house will always create a number of uncertainties, where the most important factor to consider is the total budget you will have to attain.
Although the majority of costs lie with the purchase of a plot and the building work itself, there are other expenditures that you can easily neglect to include into your calculations. It is easier to achieve your budget if you control it from the beginning with the guidance from an experienced professional, since building a home in Spain is a complex process in which many variables are involved.
In addition to allocating fees towards the price of the plot, one must also consider the additional costs that are involved when constructing a home in Mallorca. These include the services of professionals such as architects, land surveyors and builders, where you will also have to allocate some of your budget towards compulsory taxes and licenses.
How much does it cost of building in Mallorca?
This is the first question you will consider if you are thinking of building a house in Mallorca. It’s a difficult question to answer as every project has its own requirements. However, there are some common factors that will influence the cost of any project.
As a first-class construction and renovation company with expertise in renovation, installation and construction services, Paul Robinson and his team of specialists work to truly understand what you want so that we can save you time and money by making the right suggestions to you throughout the building process. We aim to give you honest advice on how to best approach the build or renovation, allowing you to get the maximum value at each stage of the project and avoiding any unnecessary costs.
The cost of building in Mallorca depends on 5 important factors:
Price per square meter of construction
When we talk about the price to build a house, we are referring to the price per square meter of construction, without taking into account of the taxes or licenses which will need to be added to the final budget. The cost of building a house in Mallorca is measured by the price per square meter of the area, where the larger the floor area, the higher the total cost will be.
Taxes & Licenses
On top of the building costs, you will need to consider payments for Town Hall licenses, to the Land and Property Registries and to notaries for registration fees. We make sure you understand everything before you get started, how VAT varies and how much a license can be, which will vary depending on which municipality the plot of land or home is located within.
Other variables to consider
Your budget will depend on factors that intervene in the construction, such as the characteristics of the land, the area and geometry of the house, the choice of materials and the finishes and interior design that you desire. Any idea shown in concept design, structures, installations must be included in the bill of quantities, where the cost of a house is highly variable on each project and client.
Renovating a home in Mallorca
If you seek a renovation in Mallorca, the final cost will be more difficult to predict as structural problems are often not discovered until the work begins, where you must be prepared to adjust your budget accordingly. Furthermore, renovations could mean sourcing skilled craftsmen and specialist materials to maintain the existing aesthetic. All this can result in the costs per square meter being higher for renovations than for to build a new home in Mallorca.
Paul Robinson, your trusted building and construction company
It is essential to call on the help of an experienced building and construction company who will guide you through every stage of the building or renovation. With Paul Robinson and his team of specialised contractors, we understand the Spanish building laws and regulations as well as local business customs which are often difficult to follow.