If you love home flipping shows on Netflix, you’d love this article. Euro Weekly News caught up with top Costa Blanca real estate agents to get insider information on home flipping on Spain’s sunny coast.

We dove into topics such as the best areas and types of properties to invest in and approximately how much profit you can make from this type of real estate investment.

Flipping houses isn’t just a business for some; it’s a true passion that transforms old and neglected properties into vibrant homes. For some property experts, the joy lies in witnessing a once sad and abandoned apartment or villa come back to life and find new owners eager to embrace the charm of a restored property.

Key tip: invest wisely by looking for affordable options, but be vigilant: don’t be fooled by low prices alone. Make sure the location meets your standards, as this crucial step is where profitability is really defined.

 

What are the best areas for home flipping on the Costa Blanca?

In the world of house flipping on the Costa Blanca, Alicante is a top choice. It offers an excellent combination of urban living and proximity to the beach. With a variety of properties available, from apartments to villas, and a well-developed infrastructure that includes good transport links to the nearby Alicante airport.

Another option to consider is Torrevieja, a popular resort with a large expatriate community and a wide range of amenities. Although real estate prices tend to be higher here, the beaches are some of the best on the Costa Blanca.

Javea, Denia and Altea, are charming old towns with a more relaxed atmosphere. Although property prices here are somewhat higher than in other Costa Blanca resorts, there is still good potential to find a bargain, with attractive investment options including spacious plots and stunning views.

A local real estate agent, Ibero Homes, also provided us with some promising areas and locations they would recommend for home flipping on the Costa Blanca: Rocio del Mar, La Veleta, Las Ramblas, Campoamor Golf, Rio Mar and Orihuela Costa.

Tip: Look for a reputable contractor and establish a comprehensive contract. A good builder is key to keeping the project on schedule.

 

What are the most popular types of properties for investment?

The choice of property plays a crucial role in the success of a real estate reform. For apartments, the ideal unit would have a terrace overlooking the sea, ideally facing south and within walking distance of the beach and amenities.

If the community also has parking and a swimming pool, it becomes an irresistible offer.

As for villas, properties with a swimming pool and sea views (or open views of the mountains or golf courses), a well-kept garden that guarantees privacy and a garage, stand out among the favorites. A single-level design adds to the appeal, making the property more attractive to prospective buyers.

Tip: Invest carefully in the renovation, considering both style and materials. The ultimate goal is to enhance the value of the property for a lucrative resale. Discerning buyers will not appreciate a hasty or frugal renovation. Therefore, approach the decision making as if the project is for your personal use, while maintaining a neutral, elegant style to appeal to a wider audience.

 

What are the advantages of switching houses?

Profit potential: Successful flips can generate substantial profits, especially in sought-after areas such as the city of Alicante

Creative expression: Remodeling a home allows for creative expression in design and decoration, turning a neglected property into a work of art.

Increased property value: Renovations can significantly increase the value of a property, providing a substantial return on investment.

Job creation: Home remodeling contributes to the local economy by creating jobs for contractors, designers and other professionals.

Tip: Establish effective communication with your real estate agent from the beginning of the project, valuing his or her expertise in discerning market trends and buyer preferences. Choosing a knowledgeable agent is critical to successfully marketing and selling your property. Select a reputable agent with in-depth market knowledge to optimize the potential of your investment.

 

Our recommendation of real estate investment

Ibero Homes is a dynamic and professional real estate agency specializing in the Torrevieja and Orihuela Costa regions, tailored exclusively to the international market.

With agents strategically located in several countries, its focus covers a wide range of properties, including resale properties, new developments, investment property products and rental properties.

Ibero Homes is distinguished by an unwavering commitment to excellent service, a high conversion rate and the ability to facilitate quick sales.

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