The cost of building your own home in Spain
Building a custom house in Spain is a dream for many, but it involves various considerations and costs. Here's a summary of key points:
1. Land for Building Property in Spain:
- Urban (urbano): Ready-to-build land with all services and installations.
- Buildable (urbanizable): Land that can become urban after specific actions.
- Rustic (rústico): Rural land with usage limitations, not always suitable for building.
2. Cost per Square Meter (m2) for Building:
- No fixed price, but it gets cheaper per m2 as more is built.
- For a 150 m2 single-family house with medium-high qualities, base cost around 600 euros/m2 (total 90,000 euros). It can go up to 1,000 euros/m2 (150,000 euros).
3. Structure Costs (per m2):
- Steel: Approximately 95 euros/m2.
- Concrete: Average 130 euros/m2.
- Wood: Varies by type and quality, around 195 euros/m2 on average.
4. Architect Fees in Spain:
- Usually 4-6% of material execution budget.
- Hard to find an architect for less than 6,000 euros; average around 12,000 euros.
5. Quantity Surveyors in Spain:
- Average price is around 5,000 euros per project.
6. Safety Coordinator:
- Cost depends on construction duration but usually around 4,000 euros.
7. Site Studies:
- Topographical study: 250-400 euros.
- Geotechnical study: Average cost is 725 euros.
8. Builder's Cost in Spain:
- Typically chosen by the architect.
- Contract budget is around 19% higher than material execution budget (includes overheads and profit).
9. Interior Designers in Spain:
- Not mandatory but can cost between 50 and 100 euros per hour on average.
10. Taxes When Building in Spain:
- Pay Tax on Construction, Installations, and Works (ICIO) and local council fees based on construction budget (usually 3-5%).
- Additional costs after completion include:
- First occupancy license fee (0.5-1% of budget).
- Notary and registry fees (around 0.5% of property value).
- Stamp duty for new construction (1.5% of new construction cost).
- Water and electricity supply registration, certificate of occupancy (around 500-700 euros).
11. Insurance:
- Insurance is taken out by the quantity surveyor, architect, and construction company.
- Owner pays guarantees for "Gestión de Residuos" and "Ocupación de Aceras" (Waste Management and Occupation of Pavements), typically around 1% of the budget.
Building a custom house involves several steps, costs, and considerations, and prices can vary depending on location and quality.
Source: Summary made from an Idealista article.
