Home purchase in Denmark without compromising?
Danish home buyers often experience that their hunt for the perfect location stays a dream. If you want the house to be in good condition and have the ideal plan arrangement, while at the same time having the perfect location, the price will quickly rise, and you have to compromise somewhere. However, it does not have to be this way.
Often, the right solution can be to choose the dream location over whether the house is in a good shape or has enough room.
This advice comes from the motto saying that the only thing you cannot renovate your way off is a bad location.
A run-down house can often be a good investment when purchasing a home in e.g. Copenhagen
If you feel like living in construction mess and temporary solutions for some months, or if you can stay at your old home for a while, a run-down house can often be a good investment.
Fortune favors the brave – and this is also the case on the real estate market. Some of the biggest added values go to the families who renovate an old house, add more square meters, or improve the amenity value of the property – especially in the capital area like Copenhagen where the price per square meter is the highest.
The ideal location is always evolving
Another important thing to remember when buying a new home is that our cities are constantly evolving. This also goes for the Capital Region which is quickly evolving and expanding. Think of the Tivoli Gardens which was once located outside the city walls – today, it is the absolute center. If you look for a new home an s-train station further away from the center of Copenhagen, you can often save a lot of money. And as Copenhagen and the surrounding area is evolving, the location of the home will eventually be more central.
To sum it all up: Here at Bomae, we live on helping you find your dream home and we are therefore not fans of compromises. We start by looking at your vision of a dream home and help your scan the real estate market, go through the potential buy with a building expert and help you with the financial considerations regarding the purchase of a house and the potential renovation.
