Buying a house under construction can be an excellent opportunity for those who want to start their home for the first time and have all the guarantees offered by the new construction and, in addition, you are making an investment for the future .
If you anticipate, you will be able to choose size, distribution, location within the Residential, height and the orientation that you like best.
However, it can also be a risky decision if all important factors are not considered.
But, do you know the factors to take into account when buying a home under construction? If your answer is no, do not worry, because from Myramar we show them to you throughout this text.
These are the factors to consider when buying a home under construction
For the purchase of a home under construction to be successful, you have to take into account the following factors:
Location
The location of the property is one of the most important to consider. In this regard, you should make sure that the area is safe, has access to public transportation, stores, schools, hospitals and other necessary services.
Budget
Having a clear and realistic budget before buying a home under construction is key. At this point, you should make sure that all expenses are included, such as VAT, notary and registry fees, incorporation and mortgage expenses. Future expenses such as Community of Owners, IBI.
Quality of construction
Research the builder beforehand and make sure they have a solid track record in terms of construction quality and on-time project completion. This is one of our premises, we have been building houses for more than 65 years and we are a reference in Malaga and Costa del Sol.
Drawings and specifications
Review the plans and project specifications in detail. In this way, you will be able to verify that the property meets your needs and requirements.
From Myramar we optimize the distribution of the houses to create large spaces, we take care of every constructive detail such as thermal and acoustic insulation. Having an energy certificate B or higher will make your home more efficient and environmentally friendly.
Delivery times
Knowing project deadlines and completion dates is also important. It must be specified in the purchase contract. This way you will know when to move into your new home.
Warranties and insurance
All amounts paid on account must be guaranteed by the developer and deposited in a special customer account. At the time of the deed you must receive the Book of the Building where you will find all the guarantees related to the property.
Mortgage and financing
Make sure you have a clear idea of how you will finance your home purchase. Research the different mortgage options and whether you can meet the payment requirements.
Purchase a home under construction taking into account the factors mentioned above.
As you may have gathered, buying a home under construction requires care, consideration and planning. For these reasons, it is essential to consider all factors before making a decision.
Choosing a developer like Myramar, which accompanies you throughout the process of Purchase, Construction and Delivery guarantees you to be informed and advised at every stage.
As for the location, if you want your home to be in an idyllic place like the Costa del Sol, we remind you that our
real estate developer has the best properties in Benalmádena and Mijas Costa.
Contact Myramar for more information.