Is it allowed to equip an office space as a studio apartment by installing a kitchen and bathroom? If so, what do you expect such a renovation would cost, all-in, to make it a livable place rather than just an office?
I would guess that if you did this, it would make the place hard to resell later, as its in a location that people don't normally live in (only go for work), is that right?
No, unfortunately the designation of the use is defined in the building specifications / deed, and those cannot be changed to residential in most cases. The buildings where these offices are located are often filled with offices, and residential use is not allowed
I didn't quite understand how does looking at sold properties at ReMax helps. You have the price on zonaprop and you said that typically you can negotiate a ~10% discount. So The price is already there and known. Plus you can compare it to other similar listing on zonaprop itself. What did I miss?
On Zonaprop it doesn't tell you whether a property is taken off the market because it is 'reservado', it just says the listing is inactive. On the individual broker sites, you actually see whether a property is reserved and at what price - this can also differ from the prices on Zonaprop, usually not though, but it is a better indicator for final price
Usually just private ownership, or passed down through an inheritance. It’s not very common to have big investor groups in these disperse properties like you might have elsewhere (they would own a building or a few floors in newer buildings)
Is it allowed to equip an office space as a studio apartment by installing a kitchen and bathroom? If so, what do you expect such a renovation would cost, all-in, to make it a livable place rather than just an office?
I would guess that if you did this, it would make the place hard to resell later, as its in a location that people don't normally live in (only go for work), is that right?
No, unfortunately the designation of the use is defined in the building specifications / deed, and those cannot be changed to residential in most cases. The buildings where these offices are located are often filled with offices, and residential use is not allowed
I didn't quite understand how does looking at sold properties at ReMax helps. You have the price on zonaprop and you said that typically you can negotiate a ~10% discount. So The price is already there and known. Plus you can compare it to other similar listing on zonaprop itself. What did I miss?
On Zonaprop it doesn't tell you whether a property is taken off the market because it is 'reservado', it just says the listing is inactive. On the individual broker sites, you actually see whether a property is reserved and at what price - this can also differ from the prices on Zonaprop, usually not though, but it is a better indicator for final price
"When the economy picks up" might as well be the byline for everything Argentinian, no?
Don't get me wrong, I love it there and these are tempting prices, but given the history, it is not for the meek.
Haha definitely a rollercoaster that goes in waves
Very interesting, who are the typical owners of these types of small spaces?
Usually just private ownership, or passed down through an inheritance. It’s not very common to have big investor groups in these disperse properties like you might have elsewhere (they would own a building or a few floors in newer buildings)