Buenos Aires Real Estate

The city of Buenos Aires, the capital of Argentina, is known for its impressive architectural mix of styles and forms. Different neighborhoods exude different styles and periods of architectural design. Palermo is known for its stylish, terraced houses. Recoleta for belle époque, French influenced structures. Colonial style seems to dominate Belgrano. However, over the years, Buenos Aires has changed its appearance. The Buenos Aires real estate property boom has meant that old buildings have been torn down to make way for high-rise apartment blocks. These modern structures have now become a unifying theme that runs throughout all the neighborhoods of the city. This uniformity is resulting in a lack of personality and history in the neighborhoods of Buenos Aires, which is why some people are working to preserve and restore old buildings.

The restoration and preservation of old houses in Buenos Aires is a way of maintaining the history of the city. Projects work to buy old house for around $200,000 US dollars then set about restoring it to its former glory. By remodeling the houses, restorers are also recycling old properties, which prevent the unnecessary construction of high-rises buildings.

These projects to restore properties are also a lucrative investment of time and money. The unique and special nature of older buildings means that buyers are willing to pay for a restored home. This means that upon resale some restored properties bring home a huge profit margin of between 20 and 40 per cent.

The reuse of old properties isn’t just limited to restoration. Some properties are often transformed to serve an entirely new purpose. The exterior and original features are often left in tact, whilst the interior and fittings are modernized. Historic buildings are useful spaces that can be turned into office spaces, bars or restaurants, whatever the designer or client has in mind. Older properties are a sound investment, as their appeal and versatility make them a sure profit maker upon resale.

However, choosing the right property is important when deciding whether the project is worth undertaking. Some buildings are either in too much disrepair and may not be worth saving. Take a look at our top tips to consider when choosing a property to restore.

The spread of high rises has resulted in the tearing down of historic buildings and therefore, in the destruction of the city’s history and personality. Buying or restoring an older property is a way to make a tidy profit and to also contribute something culturally and historically to the city.