Property Investment Checklist for Portugal

Portugal's property market is booming, with prices up 15.8% year-on-year in early 2025, far exceeding the EU average. Foreign investors dominate, contributing €3.5 billion to real estate, driven by Portugal's location, lifestyle, and legal advantages. Key regions like Lisbon, Algarve, and Porto offer diverse opportunities, while secondary cities like Braga and Évora are emerging as affordable hotspots.

Before investing, here's what you need to know:

• Golden Visa Changes: Residential properties in high-density areas are excluded. Focus on commercial units or interior zones.

• Costs: Expect 6–10% in additional fees (IMT, Stamp Duty, notary fees). Annual IMI tax ranges from 0.3%–0.5%.

• Legal Steps: Obtain a NIF (tax ID), hire a property lawyer, and ensure due diligence on ownership, debts, and permits.

• Financing: Non-residents can secure mortgages with 60–70% loan-to-value ratios. Fixed rates start at 2.5%.

• Property Types: Options include urban apartments (5–7% yields), coastal villas, renovation projects, and rural retreats.

Portugal offers growth potential, but thorough research and professional advice are essential for a secure and rewarding investment.

Exclusive Guide to 2025 Portugal Real Estate: Everything You Must Know A to Z

Portugal's Property Market Overview

Portugal's property market continues to thrive, with commercial real estate investment in Q1 2025 skyrocketing by 151%, reaching €651 million. This growth reflects the country's strong appeal to both local and international investors.

A key factor driving this momentum is the limited supply of new housing, which has kept prices on an upward trajectory. In Faro, for instance, nearly half of all property listings - 46% - are sold within just one week.

Emerging trends like remote work, environmentally conscious building practices, and digital nomad visas have further boosted interest in both urban and inland areas. These regions offer a mix of high quality of life, access to international schools, and luxurious amenities, making them increasingly attractive.

Top Investment Regions

Portugal's property market offers a variety of investment opportunities, with notable differences across regions:

• Lisbon Metropolitan Area: As the most expensive region, it boasts a median price of €3,032 per square metre. In central Lisbon, luxury neighbourhoods command even higher prices, averaging €6,934 per square metre. For those looking at broader metropolitan benchmarks, the area provides a useful comparison.

• Madeira: With a median price of €2,895 per square metre, Madeira is a sought-after destination for investors eyeing island properties.

• Algarve: Known for its coastal charm, the Algarve has a median price of €2,851 per square metre, though prime coastal properties can reach €4,385 per square metre. Prices in the region have risen by 13.8%, driven by demand from expats and retirees. Lagos, in particular, is becoming a favourite among American buyers seeking a seaside lifestyle.

• Porto Metropolitan Area: Offering a more affordable entry point at €2,049 per square metre, Porto is gaining traction as a cultural and commercial hotspot. Northern Portugal has also attracted nearly 67% of commercial investments in early 2025, underscoring its growing appeal among business-focused investors.

• Cascais: This luxury market segment features average asking prices of €7,260 per square metre. With its upscale real estate, international schools, and family-friendly environment, Cascais remains a top choice for affluent buyers.

Emerging opportunities are also taking shape in secondary cities like Braga, Coimbra, and Évora. Braga, for example, is gaining recognition as a tech hub with competitive property prices, offering excellent potential for early-stage investors. The Silver Coast is another area worth noting, with affordable properties and strong growth potential, while Comporta is experiencing a surge in the ultra-luxury segment.

Property Types Available

Portugal's property market caters to a diverse range of investor needs, offering various property types:

• Residential Properties: These are particularly popular among international buyers seeking lifestyle upgrades, long-term stays, or rental income. Apartments in cities like Lisbon, Porto, and Coimbra are in high demand, especially among young professionals, students, and short-term visitors. Suburban villas and townhouses in areas such as Cascais, Estoril, and the Algarve appeal to families and retirees with their excellent amenities.

• Commercial Properties: These have gained traction following changes to Golden Visa rules. Office spaces in Lisbon and Porto provide stable income opportunities, while retail units in tourist-heavy areas like Coimbra, Lagos, and Funchal benefit from seasonal tourism growth, projected to rise by 9% in 2025.

• Renovation Projects: Properties over 30 years old offer unique opportunities, particularly with reduced Golden Visa thresholds of €350,000 - or €280,000 in low-density areas. While these projects require careful planning, they can yield substantial value.

• Rural Properties: Farmhouses and cottages in regions like Alentejo and the Douro Valley offer peaceful retreats or potential guesthouse opportunities. Hotels and guesthouses in hotspots like the Algarve, Douro, and Madeira can provide seasonal income but often require active management. Land development also holds promise but comes with challenges such as strict zoning laws. Investors are advised to consult local councils and legal experts before committing to scenic or coastal land purchases.

Recent Regulation Changes

Portugal has introduced several regulatory updates that impact property investors:

• Golden Visa Adjustments: Residential properties in high-density areas are now excluded from eligibility. Investors are instead focusing on commercial units, rural guesthouses, eco-tourism projects, and renovated residential buildings in approved interior zones. Multi-unit investments that meet minimum thresholds are also viable options.

• Short-Term Rental Regulations: To address the saturation of short-term rentals in cities like Lisbon and Porto, new rules aim to balance tourism revenue with housing availability. These changes may influence investors targeting holiday rental markets.

• Taxation Proposals: Measures such as taxing vacant homes and introducing a more progressive Municipal Property Tax (IMI) are part of broader efforts to curb rising housing prices and address gentrification concerns.

These regulatory changes highlight Portugal's approach to managing rapid growth while encouraging investments in less-served regions and commercial sectors. For investors, this underscores the importance of thorough research and strategic planning when selecting properties.

Legal Requirements and Compliance

Buying property in Portugal involves adhering to specific legal requirements and ensuring all necessary documentation is in place. The country’s well-structured legal system makes the process relatively straightforward for both residents and non-residents.

"Portugal's legal system is clear and robust, making it one of the most straightforward places in Europe to buy a home." – youroverseashome.com

By understanding these requirements early on, you can avoid unnecessary delays and keep the process running smoothly. Here’s a breakdown of the key documents and steps involved.

Required Documents

To complete a property purchase in Portugal, you’ll need to prepare several essential documents. These include a valid passport or EU national ID card and proof of address from your home country.

If you’re a foreign buyer, obtaining a NIF (Número de Identificação Fiscal) is mandatory before signing the final deed. This tax identification number can be acquired at the local tax office or through a solicitor.

Non-EU buyers have an additional requirement: appointing a fiscal representative in Portugal to handle tax matters on their behalf.

If you’re applying for a mortgage, be ready to provide proof of income, recent bank statements, and your credit history. Opening a Portuguese bank account is also necessary to manage property-related payments such as taxes and fees.

In cases where you cannot attend the final signing in person, you can grant power of attorney to your lawyer. This service typically costs between €150 and €500.

Due Diligence and Legal Support

Once your documents are in order, securing experienced legal support is crucial. A qualified property lawyer or solicitor (advogado) is invaluable, especially for international buyers.

Your lawyer will conduct thorough checks to ensure the property is free of issues. This includes verifying ownership, confirming the title, and identifying any encumbrances such as unpaid taxes, debts, or planning violations.

Legal fees generally range from 1% to 1.5% of the property’s purchase price, excluding VAT. While this may seem like an added cost, proper legal guidance can help you avoid costly mistakes and ensure compliance with Portuguese law.

The due diligence process also involves confirming the seller has a clear title to the property, checking for outstanding municipal taxes or utility bills, and reviewing planning permissions. This is especially important if you’re considering renovations or if recent modifications have been made to the property.

For those planning to operate short-term rentals, the legal landscape becomes more complex. Your solicitor should confirm whether the property qualifies for Alojamento Local (AL) use and guide you through the licensing process.

Contract Process and Final Deed

After completing all legal checks and gathering the necessary documents, you can move forward with the purchase. The process typically involves two main steps: signing the Promissory Contract (CPCV) and finalising the Escritura Pública.

The Promissory Contract (CPCV – Contrato de Promessa de Compra e Venda) is the first formal step. This binding agreement outlines key details such as the property description, purchase price, payment terms, and completion date. It also requires a deposit, which usually ranges from 10% to 30% of the total price.

Before signing the CPCV, your lawyer will verify ownership, taxes, and any outstanding debts tied to the property, ensuring you don’t inherit the seller’s financial obligations.

The final step is the Escritura Pública, or public deed signing, which takes place at a notary’s office. The notary, an impartial official, ensures all legal requirements are met during the transaction. At this stage, you’ll pay the remaining balance, and the seller will hand over the keys.

"A property deed is the final step that comes to the purchase of property and is a legal document that finalizes the transfer of property from the seller to the buyer." – Portugal Investment Properties

Notary fees typically range from 0.5% to 1% of the property value, depending on the services required. If you don’t speak Portuguese fluently, it’s advisable to request a translated version of the Escritura to fully understand the terms.

Once the deed is signed, the property must be registered with the Land Registry Office (Conservatória do Registo Predial) to formalise your ownership. Registration fees are approximately €250.

"Under Portuguese law, the notary (or notário) is an impartial public official who ensures the transaction is legally valid." – Julian Benson

Financial Planning and Costs

When buying property in Portugal, it's crucial to look beyond the purchase price. You’ll need to account for additional fees, ongoing costs, and financing options to get a clear picture of your investment.

Purchase Costs and Fees

The total costs of purchasing a property can add up quickly. For properties under €1,000,000, expect additional expenses to range between 6%–8% of the property value. For higher-value properties, these costs hover around 10%.

One of the most significant expenses is the Property Transfer Tax (IMT), which comes right after your deposit. The 2025 IMT rates have increased by 2.3% compared to last year. For secondary residences or investment properties, the rates are higher than for primary homes:

In addition, Stamp Duty is charged at 0.8% of the purchase price.

Other upfront costs include notary and registration fees, which generally range from €1,250 to €1,350. These cover the legal formalities of signing the deed and registering the property. Attorney fees are another key expense, averaging around 1% of the purchase price plus VAT. Given the complexities of Portuguese property law, hiring a lawyer is highly recommended, especially for international buyers.

The good news? Estate agent commissions are covered by the seller, so you won’t need to worry about this cost.

When making an offer, you’ll also need to provide a holding deposit, typically between €1,000 and €5,000. This deposit secures your offer and is deducted from the final payment.

Mortgage Options for Investors

If you’re considering financing, Portuguese banks offer similar mortgage terms for both residents and non-residents.

For non-residents, loan-to-value ratios usually range from 60%–70% of the property value, meaning you’ll need a deposit of 30%–40%. In some cases, banks may offer up to 80% financing, depending on your financial situation and the property’s valuation.

Mortgage terms typically span 25 to 30 years for non-residents. Interest rates vary based on the type of mortgage and your loan-to-value ratio. As of June 2024, fixed rates range from 2.5% to 3.3% for the initial years, while variable rates start at 3.3% annually. For those seeking stability, fixed-rate options are available for up to five years at 4.1%. Mixed-rate mortgages, which combine fixed and variable rates, are another option for balancing predictability and cost savings.

Portuguese banks, such as Millennium BCP, Banco BPI, and Caixa Geral de Depósitos, are popular choices for foreign buyers. Each has its own criteria and rates, so comparing offers is essential.

Be prepared for mortgage-related fees, which include:

• Comissão de Dossier (application fee): €200–€300

• Comissão de Avaliação (property valuation fee): €300–€600

• Stamp Duty: 0.60% of the total loan amount

Starting your mortgage application early can help you understand your borrowing limits and strengthen your position when negotiating. Working with a mortgage broker familiar with the Portuguese market can also simplify the process.

Annual Ownership Expenses

Owning property comes with ongoing costs, including taxes, utilities, insurance, and maintenance.

The IMI (Imposto Municipal sobre Imóveis) is the main annual property tax, ranging from 0.3% to 0.5% of the property’s fiscal value for urban properties. Rural properties are taxed at a higher rate of 0.8%. For properties valued up to €125,000, owners with an annual income below €153,300 are exempt from IMI, offering potential savings for smaller investments.

For higher-value properties, the AIMI (Adicional Imposto Municipal sobre Imóveis) applies. This tax kicks in for properties worth over €600,000, with rates ranging from 0.7% to 1% for individuals and 0.4% for legal entities. Properties exceeding €1 million are taxed at a flat rate of 1%.

Utility costs depend on property size and usage. Monthly expenses for gas, water, and electricity typically fall between €60 and €150. Internet, TV, and phone services average around €50 per month.

Property insurance is another essential cost. Basic plans covering fire and flood risks range from €180 to €380 annually. More comprehensive coverage, ideal for rental properties, may cost more.

If you own an apartment, condominium fees will apply. These cover shared services like elevator maintenance, cleaning, and security. Costs vary widely, from €25 to €200 per month, depending on the building's amenities.

Maintenance expenses will depend on the property’s age and condition. Local councils may require refurbishments if the property falls into disrepair. Setting aside funds for regular upkeep is a smart way to preserve your property’s value and rental appeal.

For rental properties, don’t forget to budget for management fees, potential vacancy periods, and repairs between tenants. While the Greater Lisbon Area boasts rental yields of 6.8%, your returns will depend on how effectively you manage these ongoing expenses.

Property Selection and Investment Criteria

Once you understand market trends and legal frameworks, the next step in real estate investment is selecting the right property. Factors like location, condition, and property type play a huge role in determining your potential returns.

Location and Amenities Assessment

When it comes to real estate, location is everything. Portugal's property market continues to grow, with property prices increasing 10.8% year-over-year in the third quarter of 2024. However, this growth isn’t uniform across the country, making regional analysis a critical step.

For example, the Lisbon Metropolitan Area commands prices around €5,634 per square metre, while Alentejo offers a more budget-friendly option at approximately €1,025 per square metre. Properties near transit hubs or areas with planned infrastructure projects often see faster appreciation. Coastal towns like Nazaré and Sesimbra are gaining attention from investors due to improved accessibility and upgraded tourism infrastructure.

Tourism hotspots also offer unique opportunities, particularly for short-term rentals. The Algarve and Madeira maintain strong tourism demand, but cities like Lisbon and Porto are seeing tighter regulations on short-term rentals. Meanwhile, interior towns such as Viseu are emerging as lucrative options, offering double-digit rental yields on affordable properties. This is driven by limited supply and growing interest from remote workers and retirees.

When evaluating a location, don’t overlook local amenities. Proximity to schools, healthcare, shopping, and recreational facilities often boosts rental demand and property appreciation. Tools for market analysis can help you examine recent sales data, rental yields, and upcoming developments, especially as rental demand continues to rise due to stricter mortgage conditions.

Once you’ve identified a promising location, it’s time to focus on the property’s condition and legal status.

Property Condition and Legal Status Check

Ensuring a property is in good condition and legally sound can save you from costly surprises down the road. Hiring an independent lawyer who specialises in Portuguese real estate is highly recommended. They can confirm ownership, check for outstanding debts, and review essential documents like the Escritura, Caderneta Predial, and Certificado Energético.

Although not legally required, a structural survey is a smart move. For under €1,000, a professional can evaluate the property’s roof, walls, and foundation to ensure there are no hidden structural issues. Utility inspections - covering electrical systems, plumbing, and heating - are equally important, especially for rental properties that need to be tenant-ready.

For properties built or renovated after 30 March 2004, obtaining the Ficha Técnica da Habitação (FTH) is advisable. This document details construction methods and materials. Be cautious of encumbrances like debts, liens, or lifetime rental agreements (Contrato Vitalício de Arrendamento) that could limit the property’s usability.

If you’re considering an apartment, check the condominium’s status and fees. Rural properties require additional scrutiny for utility connections, such as sewage, electricity, and water, which can add significant costs if inadequate. Be mindful of environmental factors like humidity or mould, particularly in basements or ground-floor units, as these often signal ongoing maintenance issues.

Property Type Comparison

The type of property you choose will shape your investment strategy, risks, and returns. Here’s a comparison of key property types:

Urban apartments in Lisbon and Porto are popular for their consistent demand from professionals, students, and tourists. Coastal villas, especially in the Algarve, benefit from strong tourism demand, with an average asking price of €4,385 per square metre. However, these properties often face seasonal income fluctuations. Renovation projects can offer significant returns, supported by government incentives for urban rehabilitation. Rural properties, like those in Viseu, are gaining traction for their low costs and high rental yields.

Newly built properties often come with modern features and lower maintenance needs but usually carry premium prices. Emerging markets such as Braga, Aveiro, and Évora are attracting mid-budget investors priced out of Lisbon and Porto, offering competitive rental yields at lower costs. Commercial properties, including office spaces and retail units, can also be lucrative in growing business hubs, though they require a different skill set compared to residential investments.

In Q4 2024, the national median house price reached €1,870 per square metre, marking a 15.5% increase from the previous year. Foreign buyers tend to invest in higher-priced areas, while domestic buyers often focus on more affordable regions.

Your choice of property should align with your investment timeline and management capacity. Short-term rentals can yield higher returns but require active management and are subject to regulatory changes. Long-term rentals offer steadier income streams but typically at lower yields. Diversifying across property types and regions can help balance risks and take advantage of Portugal’s varied real estate opportunities.

Due Diligence and Completing the Purchase

Once you've chosen a property, the next step is to ensure everything checks out through a thorough due diligence process before finalizing the purchase. This step is crucial to safeguard your investment and avoid any hidden complications.

Due Diligence Checklist

Due diligence is all about uncovering potential issues, such as unresolved tax debts, missing licences, or problematic contracts, that could affect your ownership or future returns.

"Conducting a real estate due diligence in Portugal can help you protect your long time investment." – lawyers‑portugal.com

The process involves verifying key aspects like ownership, financial liabilities, and legal documentation related to the property. While sellers often provide most of the required paperwork, some details can also be obtained from public authorities.

Key documents to review include:

• Land Registry Certificate (Caderneta Predial): This document outlines the property’s location, boundaries, and registered owner. It ensures there are no ownership discrepancies.

• Certificate of Ownership: Issued by the Land Registry Department, this confirms the seller’s legal right to transfer the property.

• Property Deed (Escritura Pública de Compra e Venda): Reviewing this document from previous transactions helps verify ownership history. If applicable, also review the Promissory Contract of Sale and Purchase (Contrato Promessa Compra e Venda, CPCV) to understand any existing agreements.

• Financial Records: Check property tax documents, including proof of payment for the Property Transfer Tax (IMT), Stamp Duty (Imposto do Selo), and Annual Property Tax (IMI). The Condominium Declaration outlines any fees or outstanding debts tied to the property.

• Technical Documents: For properties constructed or renovated after 30 March 2004, ensure you have the Urban Property Tax Document (Ficha Técnica de Habitação), which details construction methods and materials. Additionally, obtain the Energy Performance Certificate (Certificado Energético) to understand the property’s energy efficiency.

To ensure everything is in order, it’s highly recommended to hire a lawyer who specializes in Portuguese real estate law. They’ll review all the documentation, identify potential legal issues, and ensure the transaction adheres to local regulations.

Once due diligence is complete, the next step is to finalize the purchase process to secure your investment.

Purchase Timeline and Process Steps

The time between signing the Promissory Contract (CPCV) and completing the final deed typically ranges from two to three months. This period allows for due diligence, arranging financing, and completing administrative tasks.

During this time, your lawyer will verify property ownership, confirm there are no outstanding debts, and handle other legal checks. Meanwhile, you can secure financing and prepare for utility transfers.

The purchase is finalized when the deed of sale (Escritura) is signed at a notary’s office. Both buyer and seller must be present, though legal representatives with power of attorney can act on their behalf. The notary ensures all legal requirements are met and validates the property transfer. If needed, arrange for a translator.

At this stage, you’ll transfer the remaining balance of the purchase price, usually via bank transfer or banker’s draft. You’ll also settle fees for the Property Transfer Tax (IMT), notary services, and registration charges. To avoid delays, coordinate with your solicitor and bank well in advance.

If you’re transferring funds from abroad, consider using a forward contract with a currency specialist. This can help you lock in a favourable exchange rate and protect against currency fluctuations.

Finally, your lawyer will register the property in your name at the Land Registry Office (Conservatória do Registo Predial). Ensure both the land registry and local property tax record (Caderneta Predial) reflect your ownership.

How Consulty Real Estate Helps

Consulty Real Estate provides comprehensive support throughout the entire purchase process, helping investors navigate Portugal’s property market with confidence. Their services are tailored to meet the needs of both local and international buyers.

• Remote Property Search: International investors can explore and evaluate properties without needing to travel to Portugal. This includes detailed market analysis and property assessments to help you make informed decisions from anywhere.

• Legal Advisory Services: Consulty Real Estate collaborates with lawyers who specialize in Portuguese real estate law. They handle document reviews, ownership verification, and ensure compliance with local regulations.

• Negotiation Support: Experienced professionals assist in securing favourable terms during the purchase process. This includes reviewing Promissory Contracts and coordinating with notaries for the final deed signing.

• Mortgage Brokerage Services: For those requiring financing, Consulty Real Estate connects you with lenders and helps structure your mortgage to meet your needs. This is especially helpful for international buyers unfamiliar with Portuguese banking processes.

• Remote Assistance: Services like power of attorney or video conferencing make the process accessible, no matter where you are.

With foreign investment in Portugal’s property market having more than tripled over the past decade, and real estate remaining a key driver of Foreign Direct Investment growth (up 55% between 2014 and 2024), having professional guidance is more important than ever in this competitive landscape.

Key Points for Successful Property Investment

Investing in property in Portugal requires a combination of clear planning, thorough research, and professional guidance. With property prices rising by 16.3% in Q1 2025, understanding the fundamentals is more important than ever.

Start with clear goals and a realistic budget. Whether your aim is rental income, capital growth, or finding a home for yourself, defining your objectives will help you focus and avoid costly errors. Keep in mind that additional costs can add 8–11% to the purchase price. These include IMT (1%–8%), Stamp Duty (0.8%), and notary fees ranging from €1,000 to €2,500.

Location is key to investment success. Lisbon and the Algarve top the price charts, while regions like Santarém, Viseu, Leiria, and Castelo Branco provide more affordable options. For those drawn to beachfront properties, the Silver Coast offers a budget-friendly alternative. Always evaluate an area’s amenities, transport connectivity, and long-term appeal to ensure it aligns with your goals.

To complement your planning, seek expert support for navigating the legal and market complexities. As Portuguese lawyer Teresa A. points out:

"The most successful investments I've seen share one common factor: they're backed by solid research, clear goals, and proper legal support."

Work with a licensed real estate agent (AMI licence), hire a Portuguese property lawyer, and consult tax professionals to fully understand your obligations.

Consider ongoing costs beyond the purchase price. Factor in Municipal Property Tax (IMI), which ranges from 0.3% to 0.45% annually, as well as maintenance costs and property management fees, which can take 15–25% of rental income if you plan to let the property. For renovations, always budget for unexpected expenses and get professional inspections to avoid surprises.

Revisit key due diligence steps outlined earlier. Obtain a Portuguese tax number (NIF), set up a local bank account, and verify that the property has all necessary permits, including habitation and construction permissions. Check for any outstanding debts, confirm ownership history, and ensure short-term rental permissions are in place if needed.

Portugal’s property market continues to grow, offering both opportunities and challenges. Success lies in combining local market knowledge with professional advice, while keeping your costs, timelines, and return expectations grounded in reality.

FAQs

How have recent changes to Portugal's Golden Visa program impacted property investments in major cities?

Recent changes to Portugal's Golden Visa program, introduced in 2023, have excluded residential real estate in high-density urban areas from eligibility. This shift aims to steer investments toward commercial properties, rural areas, or other sectors, such as tourism and technology hubs.

For investors, this adjustment reduces opportunities in major cities like Lisbon and Porto. However, it also creates fresh possibilities in less populated regions, supporting Portugal's objective of fostering more balanced development across the country.

What are the main legal steps and required documents for foreign investors buying property in Portugal?

To buy property in Portugal as a foreign investor, there are several important legal steps to follow. First, you’ll need to obtain a Portuguese Fiscal Number (NIF), which is required for any financial dealings in the country. After finding a property, you typically make an offer and pay a reservation fee to secure it. Following this, you’ll sign a Promissory Contract (CPCV), a legally binding agreement between you and the seller. The final step involves signing the Deed of Purchase (Escritura), which is then officially registered at the Land Registry.

You’ll need to have certain documents ready, including your passport, proof of address, and the property deed. It’s strongly advised to hire a lawyer with expertise in Portuguese property law. They can guide you through the process, ensure all legal requirements are met, and safeguard your interests, making the entire experience much smoother.

What are the risks and benefits of investing in renovation projects versus new builds in Portugal?

Renovating a property in Portugal can be an exciting opportunity to breathe new life into a home while preserving its historic charm. Beyond the aesthetic appeal, these projects can also lead to a noticeable boost in property value. That said, they’re not without challenges. Hidden structural problems, unexpected expenses, and the maze of local building regulations can quickly complicate matters.

On the flip side, opting for a new build offers the benefits of modern design, improved energy efficiency, and adherence to current building codes. These properties usually come with fewer surprises down the line. However, they often involve higher initial costs and may lack the unique character found in older homes.

Whichever path you take, doing thorough research and planning is key. Understand the full scope of costs, timelines, and potential returns before committing to either option.

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