Residential real estate is flying like hotcakes these days. Even before you have a chance to look at an advert online or in real life, the apartment or house you are interested in is usually already sold or rented. Even homes that are not yet built or finished are already being sold these days. With the latter, even just a plan is enough to make a final decision. But how do you go about it, buying a house on plan? Immowatchers gives you 4 tips.
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Do sufficient research
Those who buy a home on plan usually buy an apartment or a house that is part of a larger unit or new construction project. This means that not only you, but also other buyers or co-owners are involved in the project. In order to avoid different divergent opinions and consequently more work and delays, choices for such things as the layout of your apartment or interior design choices are limited.
Those who invest in a home on plan must therefore trust, on the one hand, their "fantasy" (the home is not there yet); on the other hand, they must trust other parties in order for the project to be delivered well. This makes buying a home on plan an exciting investment.
While there are many things that are out of your control, there are factors that you can estimate in advance. Are you afraid of nighttime noise? Then visit the area around the new construction site several times beforehand and see what could cause a nuisance. Do you like living in a car-free neighborhood? That, too, is easy to figure out. And so there are numerous more examples of things you can check in advance.
Record everything clearly
When certain choices are made, it is best to put them down on paper. The same goes for the timings attached to them. Together with the client and other parties, draw up a realistic and detailed schedule in which all the choices made are noted. This will avoid misunderstandings, conflicts or delays in the future.
Another tip: at the initial completion, record all defects on paper. That way you can be sure that your home will be delivered complete, spotless and just the way you want it.
Communicate your interior design preferences in a timely manner
Those who buy a home on plan usually choose a subdivision that was recorded on a floor plan. Within the purchased package are some basic decisions when it comes to interior design. If you want to choose specific items such as a kitchen, a bathroom or built-in cupboards, for example, then you make these decisions separately from the purchase of your floor plan. After all, everyone has their own taste when it comes to interior design, and those tastes already vary in price.
But the longer you wait to buy a new construction apartment or home, the more advanced the construction process is. That also means that the longer you wait, the less say you have in choosing your interior design. Even though construction promoters are constantly looking for buyers, they cannot keep waiting for effective sales in order to move forward with finishing a property.
Curious about the interior design trends for 2023? Then take a look at our instagram page.
Take advantage of the Wet-Breyne
The Breyne Law is a law that protects you as a buyer (financially). It means that for a house on plan, you have to pay an advance of up to 5% of the total price. You then pay off the remaining amount in installments depending on how the works progress. There are only a few conditions before you can invoke the law. For example, the property you buy must be for housing. In addition, it must also be built by only one construction promoter or contractor and finally, there must be at least one year between the provisional and final delivery of the property. Finally, e seller also remains liable for any hidden defects for 10 years.
Want to buy a new home, but don't know where to start? Then we suggest definitely taking a look at our offer overview.
