Mallorca, the largest of the Balearic Islands, attracts holidaymakers and expats alike. For many, the dream of owning a house or a traditional finca in this picturesque setting becomes a reality.
However, anyone looking for their dream home will quickly realise that the new owners still have a little work to do. You may want to change the floor plan, modernise the bathrooms, switch to solar power or have the pool retiled. As soon as a property becomes your primary residence, you want it, or at least its furnishings, to bear your signature. That's why more and more people are deciding to build their own homes.
But what do you need to consider, and what are the pros and cons of a new-build property versus an existing one?
Before you can start building, you will need a number of documents and permits.
A building permit (licencia de obras): This is the most important document for your building project. It must be applied for at the relevant local authority before construction begins. You will need to submit architectural plans (Proyecto Técnico) for this purpose, after which the local authority will decide whether changes need to be made to the submitted plans or whether the building permit will be granted. However, it usually takes at least two years for the permit to be granted, so the builder needs to be patient here.
Therefore, it is advisable to purchase a plot of land with an existing project so that you can start building immediately. Changes can also be submitted during the construction phase.
If you opt for a newly built finca, you can still influence the appearance, interior layout and choice of materials. This makes the new build 'your property' and allows you to create a house that meets your expectations.
New builds also comply with the latest energy efficiency and sustainability standards. This results in lower energy costs and a better living environment.
However, there are also some arguments in favour of existing properties.
Purchasing an existing property can often be completed more quickly than constructing a new house, and any desired renovations or alterations can usually be approved and carried out quickly by an Obra Menor. If the plot you have purchased has not yet reached its full built-up capacity, you can submit a project to extend your property. In this case, you should hire an architect who is familiar with the local authority's regulations and can design a suitable extension for you. Please wait until you receive approval for an extension; otherwise, an existing property can quickly become illegal, which makes increasing its value difficult.
Provided you can document all renovations and extensions and have the necessary paperwork and permits, your investment will increase your property's value.
Conclusion
Building in Mallorca can be an exciting and rewarding experience if you prepare well. Consider whether a new build or an existing property better suits your needs and wishes. With the right planning and support, you can realise your dream of owning a home on this beautiful island.
We are here to answer any questions you may have and can also recommend suitable construction companies, architects and garden designers.
You can find plots of land with approved projects here:
