Buying a fixer-upper: the alternative to new build
21 February 2023 · Secretimmo · 2 min read
Buying a fixer-upper can sometimes seem like a risky investment, but it's actually an incredible opportunity for buyers to create a fully customised home and make money at the same time, without the constraints of the new home market such as price escalation and construction delays.
Here are 5 undeniable benefits of buying a property to renovate:
1. High profit potential
Buying a property to renovate is an excellent investment because you can usually buy it at a lower price than a turnkey property. Once the work is complete, you can resell the property at a higher price or let it at a higher rent, increasing the profitability of your investment.
2. Personalisation
Buying a property to renovate allows you to personalise your home according to your tastes and needs. You can design the space to suit your lifestyle and preferences, without being restricted by the choices made by the previous owner(s). In short, you don't have to buy someone else's bad taste and you retain control over the quality and price of the materials.
3. A chance to save money
When you buy a property to renovate, you can save money by putting the various parties in competition, but also by calling on your professional network or relatives who can help you to obtain the best prices and why not carry out certain works through your acquaintances.
4. Give it a second life
Sustainable construction and ecological footprints are hot topics. Renovation gives a building a second life by improving its energy technology and insulation.
5. A rewarding project
Renovating a property can be a rewarding and challenging undertaking that allows you to immerse yourself in a creative project. You'll work with local tradespeople and have the opportunity to learn new skills.
In conclusion, buying a property to renovate can be a great option for those who are looking to invest in property.
In conclusion, buying a buy-to-let property can be a great option for those who want to invest in property while creating a personal home without the constraints of a new property. Although it takes effort, patience and some investment, the potential for profit, personalisation, cost savings, improved quality of life and the completion of a rewarding project can be well worth it.
Want to start a renovation project? Contact Secretimmo to find out about our current market opportunities.
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Off-market property with Secretimmo in Luxembourg
Secretimmo is a hybrid estate agency specialised in off-market sales in Luxembourg: the properties we handle are never listed on portals, never promoted on social media and never displayed in a shop window. Each home is introduced individually to qualified buyers whose financing and search profile have been checked beforehand. This protects the owner's privacy, prevents the property from going stale on the open market and preserves its full negotiating value.
Selling discreetly does not mean selling for less. Everything starts with a documented valuation based on transactions actually recorded in the district concerned, the usable surface, the condition of the property, its orientation and its energy performance. That figure becomes the basis of a targeted matching strategy: a handful of meaningful viewings instead of dozens of pointless visits, a negotiation led on objective criteria and a controlled timeline through to the signature at the notary.
For buyers, joining our confidential network means receiving early access to homes that will never be advertised publicly: family houses, high-end apartments, building plots and new developments in Luxembourg City and across the country. You can have your property valued free of charge, register your buying project or simply ask us a question — every request is answered personally and confidentially.
Our team works across the whole Grand Duchy, from the districts of Luxembourg City to Esch-sur-Alzette, the Kirchberg area, the Moselle valley and the northern communes. We advise owners preparing a sale after an inheritance, a separation or a move abroad, as well as investors comparing rental yields between localities. Fees are fixed, communicated before anything starts and payable only once the sale is signed, so you always know where you stand before committing to anything.