Complete home renovation
Complete renovation (demolish everything then redo: electricity, plumbing, kitchen, bathrooms, floors, painting, joinery) is heaviest works project. Budget 200K to 1M MAD. Work duration 4-9 months. Often financed via renovation mortgage (classic mortgage rate) or contribution + works credit.
Typical budget
200-1000K MAD
Credit duration
10-20 ans
Average rate
4.9%
Budget breakdown
- Main works (demolitions, partitions, ceilings): 30,000-200,000 MAD
- Complete electricity (standards upgrade): 25,000-100,000 MAD
- Complete plumbing (supply + evacuation): 25,000-100,000 MAD
- Equipped kitchen + appliances: 40,000-200,000 MAD
- Bathrooms (2-3 rooms): 40,000-200,000 MAD
- Joinery (doors, windows, closets): 25,000-150,000 MAD
- Floors + paint + finishing: 30,000-150,000 MAD
Financing options
Renovation mortgage: rate 4.7-5.2%, duration 15-20 years, mortgage guarantee. 'Renovation' formula at CIH Bank and Attijariwafa: 100% works financing + 80% property value. Alternative: 30% contribution + 70% works credit.
Numeric example
Complete renovation 100 m² old apartment in Casablanca: 450,000 MAD. Renovation credit 450K over 20 years at 5%: monthly 2,970 MAD. Work duration 6 months (temporary rent 15-20K MAD). Property added value after works: +30-40% (property evaluated 1.2M becomes 1.6M).
Practical tips
- Hire MOE (project management) or interior architect to coordinate
- Establish detailed schedule with milestones (phased work for partial habitability)
- Plan relocation if renovation > 2 months (impossible to live)
- Negotiate global price rather than separate quotes (15-25% savings)
- Pay in tranches (30% advance, 50% middle, 20% finishing)
Legal obligations
Building permit required if: structure change, facade modification, elevation. Prior declaration for major works. Respect condominium obligations (damage-works insurance for major site). Craftsman decennial guarantee mandatory.
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