Guide to Building My Own House

Building a house on the Costa del Sol is a significant investment that requires detailed planning and a well-structured budget. At GR Estates, we are here to guide you through every step of the process, ensuring your dream becomes a reality in the most efficient and effective way.

Required Budget for Construction: Types of Costs

• Land Cost. Keep in mind that to build your own home, you need your own land, in this case on the Costa del Sol. The cost of the land depends significantly on the location (Fuengirola is one of the most sought-after areas) and can vary between 500 and 1,500 euros per square metre.

• Project and Licence Costs. This cost category includes the architect and building permits. It is essential to have an architect to design the house and obtain the necessary licences. The approximate cost is between 8% and 15% of the total construction cost.

• Construction Costs. Once you have secured the land, house design, and building permits, you will face costs for the structure and materials, key factors for the final budget of a house under construction. The cost would be approximately between 700 and 1,200 euros per square metre.

• Finishing Costs. The finishes can vary depending on the quality of the materials and the desired style. It is important to consider both the interior and exterior finishes. The cost would be between 300 and 600 euros per square metre.

Additional Factors to Consider

Once you have the budget and everything mentioned above ready, there are various factors to consider when starting the construction of your new home. Within the necessary infrastructure and services for living, ensure that your land has easy access to basic services, such as water and electricity connections.

The cost can vary, but a minimum of 5,000 euros should be budgeted for these connections.

Regarding landscaping and outdoor spaces, it is always good to know that elements like gardens and swimming pools can add value and enjoyment to your property, but also constitute additional costs. For example, a pool can cost between 15,000 and 30,000 euros, while landscaping costs can vary widely.

Project Examples

Below are a couple of examples of different types of houses, locations, and exterior elements to give an idea of the budgets for building your own house on the Costa del Sol.

• EXAMPLE 1 - For a Modern House in Fuengirola, a 200 m² detached house with a pool and garden, the estimated total cost would be around 300,000 euros as of today (2024).

• EXAMPLE 2 - If you want to build a beautiful Traditional Villa in the Mijas area, a 350 m² house with Andalusian design, patios, and terraces, the estimated total cost would be around 500,000 euros.

Tips for a Successful Construction

To ensure your construction project is successful, keep in mind three key aspects:

• Planning: Ensure you have a detailed plan and a clear budget before starting construction.
• Professionals: Hire experienced and reliable professionals to avoid unpleasant surprises.
• Regulations: Comply with all local regulations to avoid legal issues.

If you ensure good planning, an active and thorough search for professionals, and comply with all local regulations, nothing will endanger your investment.

Benefits of Building on the Costa del Sol

The Costa del Sol is known for its sunny and pleasant climate all year round, making it an ideal place to live. Outdoor living and Spanish culture enrich the experience of living here, making it a great area to settle in. Furthermore, building a house in this region not only offers an excellent quality of life but also a safe investment thanks to the constantly growing real estate market in Málaga. This makes your project a very valuable investment that will become a source of significant income in the short term, whether you sell the property or decide to convert it into a holiday rental.

At GR Estates, we are experts in property sales and holiday rentals on the Costa del Sol. If you are thinking of building your home in this beautiful region, contact us to receive personalised advice and support at every stage of the project. Contact us and we will be happy to assist you!

 The GR Estates team