If you’re looking for a very affordable renovation project in a lesser-trodden destination, perhaps a character rural cottage or townhouse in an historic city, one of the Baltic nations could be a good starting point. Property there is commonly available from around €20,000!

While there are few restrictions that govern EU citizens owning property in Estonia, Latvia or Lithuania, each has its own jurisdiction and local regulations, for example over ownership of agricultural or forestry land, so for more detailed advice specific to renovating and property law, speak to an expert in that country. One expat agency in Latvia who could help is at www.southerncomfit.com. Otherwise here are some broader tips for choosing and renovating a property.

It goes without saying that you should find a good architect and lawyer and check what you can and can’t do to a property before you commit to any renovation project. Typical buyers in the Baltics have been investors buying new-build apartments in cities, so the resale market, which includes renovation properties, has been relatively untapped market in these countries. One crucial tip for buying a resale property is to check thoroughly the ownership status of vendor.

Why? Because hidden complications can arise when attempting to buy a local property privately. Older properties in need of renovation may stand empty for long periods of time, but there is often no urgency in selling them as they have been in families for years, and have no financial binds, such as a mortgage. Properties are commonly left to several members of the family, which can result in a dispute over whether to sell or not, and even once on the market the legal process may be a longer procedure than the buyer initially expected.

Often with what you can do with a property lies in the floor-plan and you need to consider what you will be using the property for – the functional lay-out of a holiday home won’t suit the living habits of a permanent home. Always bear in mind, it is easy to underestimate the cost when entering into a project. The main (cost) problems are usually encountered when dealing with unfamiliar tradesmen. It is easy to get ripped off so take time to do your research and find the right team. It is also essential that the buyer takes into account all the fees and taxes that come with buying their property.