Building Your Dream Home in Madeira – Your Comprehensive Guide

Are you contemplating the idea of constructing your dream residence in the captivating landscapes of Madeira or Portugal? Undoubtedly, embarking on the journey of purchasing land and designing your home is a significant endeavor. At Madeira Estate, we’ve gathered extensive information to empower you with the knowledge needed to meticulously plan your project and make a seamless transition to life in Madeira.

 

 

Madeira, a haven nestled in the North Atlantic Ocean, offers breathtaking scenery, ocean views, and top-notch amenities. It’s an attractive destination for retirees, remote workers, and families seeking refuge from crowded urban areas. Moreover, Madeira’s burgeoning popularity is reflected in the increasing developments and investments across the region.

 

Investment Insights: The island’s real estate market is experiencing a surge in popularity, with rural land prices ranging from € 80 to €150 per m2 with planning permission. Prime locations command higher costs, varying from €400 to over € 1000 per square meter.

 

 

Choosing the right plot is a pivotal step in building your dream home. Considerations like location, privacy, and local insights play a crucial role. A seasoned real estate agent can be your guide in navigating this process, ensuring you secure the perfect plot at a fair price. At Madeira Estate, our team possesses intimate knowledge of the island, allowing us to recommend areas tailored to your preferences.

 

 

In the wake of regulations introduced in the early 1990s to align with European building standards, acquiring a plot for development involves careful consideration. Determining whether a property is suitable for construction requires approval from the local authority and must be in context with the PDM of the chosen municipality. This process, led by a certified architect, involves collaboration with electrical and mechanical engineers to ensure compliance with regional and European standards.

 

Post-Approval: Upon approval, a Habitation Certificate or Building Use permit is issued, allowing legal occupancy or sale of the building.

 

Building costs in Madeira vary based on materials, property type, and location. Central areas incur higher expenses compared to rural zones. Construction estimates typically range between €1600 to € 2200 per square meter. When soliciting quotations, detailed specifications are essential, covering all aspects from construction to aesthetic features.

 

Budget Safeguards: Opt for fixed price agreements, include penalty clauses for delays, and ensure a guarantee against defects and disputes.

 

When selecting a builder with a valid construction license, adherence to legal processes is paramount:

 

1. Obtaining a Pedido de Informação Prévia from the local municipality.

2. Conducting a topographical survey and securing approval.

3. Submitting technical plans to the Câmara Municipal for comprehensive review.

4. Supervision by a certified civil engineer during construction.

 

Handover and Responsibility: After completion, the builder requests a residential license. Post-handover, responsibilities include utility connections, regular maintenance, and fulfilling tax obligations.

 

The post-delivery guarantee, safeguarded by the Portuguese Civil Code, spans five years for construction-related damage and ten years for structural non-conformities. Timely reporting of issues within one year ensures the validity of the guarantee.

 

 

Our esteemed partners in Madeira, with a proven track record, collaborate with you throughout your relocation journey. From visa and tax requirements to connecting you with trusted architects and construction companies, MHK Real Estate is committed to facilitating a seamless move.

 

For an absolutely free consultation, contact a member of our team today to discuss your unique circumstances.