Converting a commercial space into a home has become an increasingly attractive option, especially in coastal cities like Torrevieja, where many unused premises coexist with high demand for well-located housing. But before diving into a full renovation, it’s natural to ask: is it profitable to convert a commercial property into a home?
In this article, we’ll explain the key factors to consider, the required procedures, estimated costs, and in which cases this transformation can become a smart investment.
Why convert a commercial space into a home?
The reasons for considering this type of renovation can vary:
- You’ve bought a commercial space at a good price and want to make it profitable.
- You own an unused space that’s no longer generating income.
- You want to live in a central area where housing is scarce.
- You’re looking for an investment for long-term or holiday rentals.
Whatever the reason, converting a commercial space into a home is legal and possible—provided that certain urban, technical and administrative conditions are met.
Is it profitable to convert a commercial space into a home?
The short answer is yes, it can be. But not in every case. Each project needs careful evaluation. Profitability depends on several key factors:
Location
If the property is located in a residential area or a high-demand rental zone—like central Torrevieja or near the beachfront—its chances of success increase significantly.
Purchase price
Many commercial spaces are sold below the price of similar residential units, which allows room for renovation and future revaluation.
Renovation cost
Not all commercial premises are suitable for residential use. Some may require significant adaptation of facilities, opening of new windows, or compliance with residential height regulations.
Resale or rental value
Once converted and legally approved as a residence, its market value can significantly increase—especially if the design is functional and meets modern energy efficiency standards.
Legal and technical requirements to change the use
Before starting any work, you need to verify whether the change of use is viable. These are the usual steps:
1. Check urban planning regulations
Not all properties can be transformed. You must consult your local Town Hall to check if the General Urban Development Plan (PGOU) allows the change of use in your area.
2. Technical architectural project
At OVA Studio, we prepare the architectural project following current regulations on health, ventilation, accessibility, habitability and minimum surface area. Many people overlook requirements such as minimum ceiling height or the prohibition of converting basement units (even with windows).
3. Building permits
Once the project is approved, you must request a permit from the Town Hall. The type of license required will depend on the extent of the renovation.
4. Construction and legalisation
The project is executed according to the approved plan. Once finished, you’ll need to request the habitability certificate and register the change of use with the Land Registry.
Learn more about how we work in integral renovations
How much does it cost to convert a commercial space into a home?
Costs vary depending on the condition of the space and required adaptations, but the general estimate ranges from €600 to €900 per square metre.
Additional costs include:
- Technical project: approx. €1,200 to €1,500 (in OVA Studio)
- Municipal taxes and building licenses
- Final construction certificate
- Notary and registry fees
Advantages of converting a commercial space into a home
- Larger spaces at lower cost than traditional housing
- Greater flexibility in interior design
- Potential for higher future resale value
- Ideal for foreign rentals or second homes near the beach
OVA Studio: architecture with profitability in mind
Back to the main question: is it profitable to convert a commercial space into a home?
Yes—if the project is planned from the start with solid technical and legal foundations and a professional team to carry it through.
At OVA Studio, we assist you from the initial feasibility study through to final delivery. If you’re considering this option in Torrevieja or surrounding areas, we’re here to help.
Reach out to us to assess your project
