Immobilie mit Touristenlizenz Menorca
If this sounds familiar, you have two options, says Nick Cook, founding partner of Home Menorca: you can either look for a plot of land for sale and build your dream house, or you can purchase an existing property that meets some or most of your criteria, and refurbish it in keeping with your style and needs.
Both options are significant undertakings and, unless you live in Menorca full time and have prior experience building or renovating here, hiring a project manager is highly advisable.
Nick Cook has acted as project manager in Menorca on over a dozen construction projects in recent years (one of which was recently featured on architectural blog Arch Daily) for clients he has met through the purchase of land or a villa in Menorca.
“I don’t take on many of these projects – maybe one per year,” he says. “But it’s an extra service we like to offer. Our relationship with our clients doesn’t end when a sale is made. We’re still here to help, advise and coordinate.”
In Spain, the architect and the aparejador (equivalent to a quantity surveyor) will generally project manage a build or renovation between them. However, they are usually also working on a number of other projects at the same time, so may not be able to devote their full attention to your project.
They would also still expect the owner to be present at weekly site meetings to answer questions and make decisions. For those who don't have the time to do this, a project manager will act as your representative and go to the site meetings on your behalf.
Your project manager is the key to communicating your vision to the builders and contractores, and to making sure the work proceeds on time, on budget and is finished to the quality you expect.
But more than that, using a project manager for your build in Menorca has several distinct advantages:
For many buyers, purchasing a property in Menorca with a tourist licence means they can earn an immediate return on their investment: by renting it out for holiday lets you can not only cover your maintenance costs and taxes, but also earn some extra income when you’re not using the property yourself.
Not all properties qualify for tourist licences in Menorca. New licenses are only being granted for properties in designated ‘tourist zones’ (rural areas do not qualify) and apartments can only get a tourist licence when the community expressly permits it.
However, in the case where a property already had a licence, prior to the change in the law, that licence remains valid indefinitely. All the buyer needs to do is to have the name on the licence changed once the purchase is complete and they can market and rent their property out legally.
Home Menorca currently has a number of properties of different types for sale with an existing tourist licence.