The advantages of buying an unfinished house in Morocco: An opportunity to seize

Sep 10, 2024

Housing in the finishing phase

Buying an unfinished house may seem like a risky gamble at first, but it is an option that offers significant advantages for savvy investors and buyers looking to create a custom home.

In Morocco, more and more people are choosing this type of investment for reasons of budget, customization, and potential added value.

In this article, we explain why buying an unfinished house can be an opportunity not to be missed.

An attractive purchase price: saving right from acquisition

One of the main advantages of an unfinished house is its purchase price. These properties are often offered at much lower rates than fully completed houses because the initial owner was unable or unwilling to complete the work. This allows buyers to make significant savings from the start.

A lower price per square meter

Unfinished houses are often sold at more attractive prices, as they still require work to be habitable. If you have a limited budget or are looking for a good deal, this type of property can be an excellent option.

In some regions of Morocco, such as around Casablanca or Agadir, an unfinished house can be bought up to 30% cheaper than a finished house. This lower price allows buyers to save and reinvest these funds into finishing work.

Before buying, ask for a detailed estimate of the remaining work to know how much it will cost you to complete the house. This way, you can anticipate the total costs and ensure that the purchase remains financially attractive.

Total customization: shaping the house to your image

Buying an unfinished house offers flexibility that you won’t have with a fully finished house. By taking over the work, you have the opportunity to customize every aspect of your future home, from the layout of the rooms to the construction materials used.

Create a custom interior

With an unfinished house, you can design the interior spaces according to your tastes and needs. Whether you want to enlarge certain rooms, change the configuration of the spaces, or choose the finishing materials, anything is possible. You are not limited by the choices of the previous owner or the developer.

Imagine shaping your own home, where every detail—from the kitchen to the garden—is designed according to your desires. Buying an unfinished house gives you the opportunity to realize a unique project that reflects you.

Choose eco-friendly or modern materials

By buying an unfinished house, you have the opportunity to choose more modern, eco-friendly materials that better suit your lifestyle. For example, you can opt for more efficient energy systems, double-glazed windows, or environmentally friendly wood finishes.

If you want to create an eco-friendly house, take advantage of the remaining work to install solar panels, efficient insulation systems, or even water recovery devices.

A potential added value: increasing the property's value

Buying an unfinished house can also be a profitable long-term investment. By intelligently completing the work, you can increase the property's value, sometimes well beyond what you have invested. This makes it an interesting option for those looking to make a profit upon resale.

A property with high potential for appreciation

If you buy an unfinished house in a developing area or a booming neighborhood, there is a good chance that the value of your property will increase once the work is completed. Savvy investors often choose unfinished houses to renovate and then sell them at a higher price.

In certain tourist regions such as Marrakech or Tangier, unfinished houses located near points of interest or tourist infrastructure can quickly increase in value once completed.

It is always gratifying to see the value of your home increase thanks to your efforts and strategic choices. Investing in an unfinished home is also a bet on a promising financial future.

Possibility of resale with a nice profit

If you renovate intelligently and make notable improvements to the house, you can resell it at a much higher price than you initially paid. This type of investment thus allows for interesting profits for those who master renovation costs well.

Before finalizing the purchase, find out about the value of similar homes already completed in the same area. This will give you an idea of the resale potential once the house is finished.

Distribution of costs over time: managing your budget

Buying an unfinished house often allows you to spread expenses over several months or years, depending on your means. This gives you more financial flexibility than buying a completed property, where all costs must be assumed immediately.

Works at your own pace

With an unfinished house, you can plan the works according to your budget and priorities. If some finishes can wait, you have the freedom to proceed at your own pace. This prevents you from ending up with a mortgage that is too heavy to bear all at once.

It is reassuring to know that you can proceed at your own pace, without the financial pressure of an all-in-one purchase. You have the freedom to spread your expenses and adjust the works to your schedule.

Establish a work schedule with well-defined priorities. For example, start with essential works to make the house habitable, such as electricity or plumbing, then focus on the finishes as your budget allows.

Flexibility in choosing contractors

By taking charge of completing the works, you have the option to choose your own contractors for the works. This can allow you to negotiate prices and control the quality of finishes while staying within your budget.

Take the time to compare several quotes from professionals before committing. This will allow you to obtain the best rates for carrying out the works.

Less competition in the market

The unfinished house market is often less competitive than the finished house market. Potential buyers are often reluctant to take on works, which can reduce competition and allow you to negotiate a better price.

Easier negotiation

Since the demand for unfinished houses is lower, you often have more room to negotiate the price. This allows you to acquire a property at an even more attractive price, especially if the owner is in a hurry to sell.

If an unfinished house has been on the market for several months, the seller might be more willing to accept an offer lower than their initial price.

Successfully negotiating an unfinished house at a favorable price is a source of satisfaction and can give you the impression of having made a great deal.

Conclusion: A unique opportunity to seize

Buying an unfinished house offers many advantages for those who know how to take advantage of this situation. Between the attractive purchase price, the possibility of customizing every detail, and the potential for capital gain, it is an investment that can prove to be very profitable in the long term.

For those who wish to invest intelligently while spreading their costs, it is an opportunity to seize.

Ready to explore the unfinished houses available on the market? Discover the best deals on Housing Place and find the property that matches your ambitions.