Large property owners in Vigo: building management, contracts and refurbishment

To appoint a manager for a whole building in Vigo, start with a unit-by-unit assessment of occupancy, contracts, condition and costs. Against a changing regulatory background, choosing one model for every unit without reviewing their differences may lead to unsuitable investment. Integrated management coordinates these decisions; it does not promise a fixed income.

First: inventory the building and its contracts

• Number of homes and commercial premises, floor area and current use of each unit.
• Occupied and vacant units, existing contracts, relevant dates and rent actually collected.
• Roof, façade, installations and common areas, with a technical assessment where appropriate.
• Recurring costs, unresolved issues and available documentation.

An initial enquiry does not require tenants' personal details. A summary of the property and your needs helps establish the next step; share sensitive documents only through an agreed channel.

Second: distinguish essential repairs from commercial improvements

Safety and habitability come first. Then consider layout, efficiency or presentation improvements. In occupied buildings, phased refurbishment requires technical planning, permits where needed and respect for existing contracts. Attractive finishes cannot make up for deficient installations.

Third: compare feasible models, not just advertised rents

Residential letting, student accommodation and other activities involve different operations and requirements. Location, layout, evidenced demand and legal circumstances determine the choice. Do not extrapolate the performance of a central Vigo flat to a building in another municipality without reviewing the specific case.

• Compare estimated income and occupancy assumptions without treating them as guarantees.
• Include initial investment, utilities, maintenance, cleaning where relevant and management costs.
• Assess workload, turnover and the legal requirements of each scenario.
• Retain the option not to change the model when alternatives are not viable.

How to approach the new housing decree

Before renewing or changing contracts, obtain legal advice on the applicable regime. Our new housing decree guide for Vigo owners lists useful documents and links to the BOE. Do not assume that letting individual rooms or shortening a contract removes obligations.

What to ask a building management company

Ask for a proposal identifying included services, costs and exclusions, responsibility for incidents, rent monitoring and owner reporting. If refurbishment is involved, separate the works budget from ongoing management. Financial scenarios should explain their assumptions, not just show a final number.

Explore our whole-building management service. Request an assessment with the location, number of units, occupancy and refurbishment needs, or message us on WhatsApp.