Purchasing or building a property in Corfu is an exciting journey, but it involves several stages, from conceptualizing your dream home to finally receiving the keys. Whether you’re buying an existing property or building a custom home, understanding the timeline and key milestones will help you plan your project effectively.

This guide breaks down the timeline from idea to keys in Corfu real estate, giving you insight into each step, from finding an architect to securing your property’s ownership.

1. Initial Consultation: Defining Your Goals

Timeline: 1–2 Weeks

The journey begins with setting clear goals for your property. If you’re building a custom home, your first step is to meet with an architect and real estate agent to discuss your ideas, budget, and expectations.

• Initial meeting with your architect and real estate agent.

• Define your vision: Is it a luxury villa, vacation home, or renovation project?

• Discuss location preferences: Urban, coastal, or rural settings in Corfu.

• Set a budget and timeline: Have a rough idea of your budget and the desired timeline for the project.

What Happens:
During this phase, you’ll outline your design preferences, property features, and desired outcomes. The architect will begin to formulate a conceptual design based on your needs.

2. Design Development and Permitting

Timeline: 2–4 Months

Once the conceptual design is approved, the architect will start developing detailed plans for your property. If you’re building a new home, this stage includes designing the layout, structure, and interior details. If you’re buying an existing property, this is the time for inspections and confirming building conditions.

• Architect prepares detailed plans: Floor plans, elevations, and site plans.

• Obtain building permits: Your architect will handle the necessary paperwork for local zoning and building regulations.

• Site surveys: If you’re building a new home, site surveys (topographical, soil analysis, etc.) will be conducted.

• Finalize the design: Adjustments are made based on feedback, and the final design is approved.

What Happens:
During this phase, you’ll also need to confirm the property’s legal status. Ensure all property documents (e.g., land title, permits) are in order. Once everything is agreed upon, you’ll apply for the required building permits.

3. Securing Financing and Contract Finalization

Timeline: 1–2 Months

Now that you have your designs and permits in place, it’s time to secure financing (if necessary) and finalize contracts. This is the stage where you’ll lock in the legal agreements and make financial arrangements.

• Secure financing (if applicable): If you’re taking out a mortgage or securing other forms of financing, this will need to be finalized.

• Legal contracts: Your lawyer will review and prepare contracts for the property purchase, as well as any construction or renovation agreements.

• Agree on a project timeline: Set clear start and completion dates for construction projects.

What Happens:
For foreign buyers, obtaining a Greek tax ID and opening a local bank account may be required at this point. The process involves reviewing and signing the contract of sale or building agreement, which must be notarized.

4. Construction or Renovation Phase

Timeline: 6–18 Months (Depending on Project Scope)

For new construction, this is the longest phase, where the actual building begins. Renovations take less time, but still require significant work. During construction or renovation, your architect will be actively involved in overseeing the progress, ensuring the design is followed, and addressing any unexpected issues that arise.

• Groundbreaking and foundation work: Depending on the complexity, foundation work can take 2-4 months.

• Building the structure: The building phase, including walls, roofing, windows, and other major structural elements, typically takes 4-6 months.

• Interior and exterior finishes: This phase includes finishing work like flooring, plumbing, electrical installation, and exterior landscaping. It can take 2-4 months.

What Happens:
You’ll regularly meet with your architect and contractor to monitor progress and ensure the construction timeline is followed. It’s essential to review work as it progresses to avoid unexpected delays.

5. Final Inspections and Handover

Timeline: 1 Month

Once construction is complete or the renovation is finished, the final inspections will take place. This includes ensuring the property meets all building regulations and safety codes.

• Building inspection: Your property will be inspected by a certified inspector to ensure compliance with local regulations.

• Handover of keys: Once all inspections are passed, you’ll receive the keys to your new property.

• Final paperwork: Ensure all relevant documents are signed, including the transfer of ownership (if buying) or completion certificates (if building).

What Happens:
During this phase, your architect will guide you through the final paperwork. You may also need to sign off on final payments to contractors, confirming that all work has been completed to your satisfaction.

6. Move-in or Rent Out

Timeline: Immediate or Up to 1 Month

Once you’ve received the keys to your property, the final step is to either move in or set up your property for renting (if it’s an investment). If you plan to rent, this may involve furnishing and advertising your property on rental platforms.

• If moving in: Set up your home and enjoy your new space.

• If renting: Work with a property management company to set up your listing and secure renters.

What Happens:
For investment properties, ensure that your property is managed effectively, particularly if you plan to rent out the property as a vacation rental. Setting up systems for maintenance, bookings, and payments will help keep things running smoothly.

7. Conclusion: From Idea to Keys in Corfu

Building or purchasing a property in Corfu is a multi-step process, from the initial concept to receiving the keys. By understanding the timeline and working closely with local architects and real estate agents, you can ensure that your Corfu property project progresses smoothly and stays on track.

For expert advice on navigating the real estate process in Corfu, including finding the right architect and property, visit Chase Real Estate Corfu today.