How to buy a new building: A complete guide for investors.

The purchase of a new work is an exciting but complex process. As the real estate market continues to grow, more people are becoming interested in acquiring newly built properties. In this article, we will explore the essential steps and important considerations to help you buy a new build effectively.

Research the real estate market

Before you dive into the purchase of a new building, it is crucial that you do your research. the property market of the area where you wish to purchase the property. Consider aspects such as:

• Location: Research the best areas for your needs. Look for proximity to schools, public transport and basic services.
• Price trends: Analyses prices of similar properties in the areaa. This will help you set a realistic budget.

Define your budget

Setting a budget is one of the most important steps when buying a new building. Consider all associated costs, including:

Purchase price: Research the cost of ownership and make sure it fits your budget.

Additional costs: Includes costs of notary, taxes, insurance and maintenance fees. Generally, these can add between 10% and 15% to the total cost.

Financing: If you plan to apply for a mortgage, contact different financial institutions to find the best conditions.

Find trusted advocates

Select a trusted advocate is essential to avoid future problems. Research and compare different developers:

• Reputation: Consultation opinions and reviews online about the promoter.
• Previous projects: Examine the works they have developed previously. This will give you an idea of the quality and style of their constructions.

Visit the project and ask any questions you may have.

Once you have chosen a promoter, schedule a visit to the project. Look at the details and ask the following questions:

• State of construction: Make sure that the work is at the planned stage and that deadlines are respected.
• Materials used: Question on building materials and whether they comply with local regulations.
• Additional features: Find out about features such as energy efficiency, common services and recreational areas.

Review the purchase contract

The purchase contract is a key document in the process. Be sure to review it carefully and consider the following:

• Terms of payment: Check the payment plan and make sure it is clear and transparent.
• Delivery deadlines: Confirms the end dates and delivery of the work.
• Guarantees: Find out more about the guarantees offered by the promoter and the deadlines for coverage.

If possible, consult a specialised lawyer real estate to make sure that the contract is in order and protects your interests.

Preparations for the move

Once everything is in order and you have signed the contract, start planning your move. This includes:

• Hire removal services: Research removal companies and ask for quotes.
• Procurement of services: Make sure that electricity, water and gas services are ready for your arrival.
• Personalise your new home: Plan how you want to decorate and furnish your new home.

Enjoy your new property

Finally, after all the formalities, it's time to enjoy your new work! Organise a celebration with friends and family to share this achievement.

Conclusion

Buying a new building can be a complicated process, but with the help of adequate preparation, you can make sure everything runs smoothly. From research the market until a reliable promoter is chosen, every step is essential to ensure a successful purchase. Always remember to maintain good communication with the promoter and do not hesitate to ask for clarification on any aspect you do not understand.

By following these tips, You'll be well prepared to take the big step towards your new property - good luck!