BUILDING & USAGE
June 2024-Barcelona, Spain.
COVERAGE & FLOOR AREA RATIO
In construction, these two-basic terms are sometimes confused & seem crucial in deciding whether to raise a new building or to buy a plot in the first place: building & usage.
Both represent a piece of land when we construct a building.
Building is the result of the total buildable square metres when we add up all the floors built (in height). Plot’s usage is the percentage of area that can be covered when constructing the building.
Terms of buildability & use are key to analyze & study the profitability of any real estate transaction.
When the paths of an empty plot owner & a real estate agent with a concerned investor cross, the investor is interested in data that neither party usually masters & don’t even know, such as:
– an update of its planning permissions,
– what can be developed,
– building & usage terms,
– an economic forecast (always approximate prices & from),
– a valuation of the technical professional participants & fees, licenses,
– a list of direct & indirect taxes & other municipal expenses,
– a planning of the execution time from the purchase of the asset,
– its market launch price & profitability,
– and the real estate operation costs that should be taken into account to assess the viability of the investment, among many others.
All these parts together with the first sketches of a proposal when the product does not yet exist & its impeccable hyper-realistic rendering, are what really push the purchase.
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Because purchasing a estate is more than just signing a contract, at ???? ????????? & ?????????? we are not just realtors, architects & PR. We are professionals with years of experience of what to do & how to do it.
It turns to be a process where several experts are involved to make sure stuff is done properly. Then, we are fortunate to have a dedicated & highly skilled team that always delivers projects with high professional standards.
A full scope of services, our team give practical, concrete & expert answers to our customer’s demands.
At TREC Barcelona, remodeling historic buildings with the necessary mastery to combine stately architecture with contemporary styling while maintaining the elements that form part of their history is one of the jobs we love the most.
Specializing in recovering assets that enhance their authenticity & identity, our main recipe is to master the heritage and, for this & high-level buyers & investors, knowledge is a priority.
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