Architecture · Existing homes

Renovate or move straight in? The cost beyond the purchase price

An existing villa offers room to make it your own. Whether it is a good purchase depends on a budget that includes time, technical condition and reserves.

Deià, Mallorca
Deià, Mallorca · Photographed by Adrian Pingstone · Public domain

Character cannot be bought with a quotation

A mature garden, old stone walls, a well-proportioned terrace: some homes have qualities a new building cannot immediately offer. At the same time, the desire to create something personal can make it tempting to underestimate the work. “We will only redo the bathrooms” sounds manageable until pipework, waterproofing and adjoining rooms become involved.

Separate the home’s emotional appeal from its technical assessment. Both are allowed to matter. One should simply not stand in for the other.

Three packages rather than one renovation figure

Our planning suggestion: package one covers safety and functionality, such as electrical checks, causes of damp or failed equipment. Package two concerns the comfort you want. Package three contains purely aesthetic wishes. Have the work and its dependencies documented: finishing a surface makes little sense if pipes behind it still need replacing.

For each item, include the scope of work, the basis of the price and any unresolved assumptions. A quote “from” a certain amount is not yet a reliable overall budget. Ask the relevant professionals which permissions and plans are required before promising a move-in date.

Read the energy certificate as a starting point

The energy performance certificate classifies a building’s calculated energy consumption and CO₂ emissions. IDAE explains the purpose of this rating. For buyers, it is a starting point for more targeted investigation of the building envelope and systems; it does not replace an individual consumption forecast. Source: IDAE · Building energy performance certificates.

Also ask for existing bills and how the home was used at the time. The electricity bill for a rarely occupied house cannot be directly compared with that of a year-round home. Before selecting new equipment, establish which rooms will be used, how they will be used and where heating or cooling is being lost.

Include the months before moving in

The project cost also includes spending away from the building site: temporary accommodation, journeys, storage and, where applicable, financing during the works. Add a reserve for items that have not yet been clarified. Its size should reflect the level of investigation, rather than a fixed rule of thumb applied to every building.

Compare this total with a genuinely comparable move-in-ready property. The existing villa may still be the better choice because its location and character are an exceptional fit. That is then a considered decision. If only the initial asking price is convincing, it is worth taking another look at the alternatives.

The running costs of a villa · Compare properties

Sources & methodology

Research and editorial date: 20 October 2026. Sources last accessed on that date. Our interpretation and illustrative calculations are distinguished from published market data. General information does not replace checks on a specific property or contract.

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