Imagine turning a basic studio into a dreamy 3-bedroom escape. That’s exactly what this family did in the quiet Costa del Silencio. Let’s share their inspiring journey, showing how a €55,000 property in 2022 became a stunning home after a €30,000 makeover. Spending less than 100.000€!
PROPERTY DETAILS:
– Location: Costa del Silencio
– Original Size: Studio, 47m²
– Renovation: 3-Bed, 47m2
– Purchase Price (2022): €55,000 (No Mortgage)
– Renovation costs: €30,000
– ROI: ~36.71% / 31.210€ Annual profits
TRANSFORMATION JOURNEY
This family had a vision—they spent €30,000 to turn their place into a stylish 3-bedroom retreat. They added cool stuff like a TV that flips, so you can watch it in the living room or the main bedroom. Smart, right?
The upgraded residence includes three bedrooms, comprising a spacious master bedroom with a king-sized bed and two cozy single bedrooms, all equipped with built-in wardrobes. Despite the property size, the fully equipped kitchen boasts a standard size, featuring a four-plate electrical stove and an American fridge equipped with a water and ice dispenser.
OUTDOOR FUN
They didn’t stop inside; they jazzed up the outdoor space too. Picture this: a cool BBQ on the terrace, a comfy bench, and a table for outdoor hangouts. These changes not only made the house awesome but also perfect for vacation rentals.
MAKING MONEY
This smart family made their property a money-maker. Renting it out brings in €600 per week. They visit once a year and let Viking Real Estate handle the rest.
ROI (Return on Investment): Aprox. 36.71%.
Their yearly income on this property is aprox. 31.210€.
CONCLUSION:
From a simple studio to a cool 3-bedroom pad, this Swedish family’s Costa del Silencio story shows that with some creativity and planning, a home can be a dream come true. Costa del Silencio is the backdrop for stories like this—where homes turn into dreams and dreams into reality. Ditching the ordinary, and if you get stuck, let Viking Real Estate help you think up new ideas!