Purchasing an old property in Córdoba and renovating it before selling can offer a profitability ranging from 25% to 45%. Studio apartments show the greatest potential for revaluation, with their price in good condition being 45% higher than those requiring improvements.
According to idealista's analysis, one-bedroom homes follow closely, potentially selling for up to 40% more after renovations. Two-bedroom flats, considered ideal for an average household in Spain, see their value increase by 35% in Córdoba if renovated before sale.
However, for larger homes, the profit margin slightly decreases. Three-bedroom properties revalue by 30%, while four-bedroom homes show the lowest revaluation rate at 25%.
“"This data is relevant for investors considering such operations, to understand the real capacity for profitability after purchasing, renovating, and selling the property."
The idealista study compared per-square-meter prices of properties advertised as "in good condition" versus those described as "needing renovation," excluding the cost of the renovation itself. Across Andalusia, revaluation varies, with Jaén and Huelva leading with 50% and 49% respectively for studios, and 38% and 37% for two-bedroom flats.
In markets with higher prices and strong demand, such as Barcelona, San Sebastián, Madrid, and Palma, the trend reverses, and homes with more bedrooms experience greater revaluation. This is attributed to the fact that in these markets, the condition of the property becomes less significant due to high demand and already elevated prices.
