What to consider before buying a new house?

May 26, 2022

A new-build property is one that is purchased directly from the property developer when the construction or renovation is completed.

It is also possible to buy a newly built house off plan. If you want to know everything you need to know to buy a newly built flat off plan, you can access this article, where you will find all the information of interest.

Buying a newly built property has a number of advantages:

  1. It gives you the option of a brand-new home and the choice, a prospect that attracts the interest of buyers. In addition, there is also the possibility of buying a new build property off plan. Buying off-plan allows you to participate in the design and adapt it to your needs, tastes and economic capacity. If you want to know everything you need to know to buy a new off-plan flat, you can access this article, where you will find all the information of interest.
  2. It meets the preferences and characteristics that are currently most in demand: good lighting, more spacious and quality homes, greater efficiency, outdoor areas and other useful spaces (garages, storage rooms, etc.).
  3. There is no need for complete refurbishment, which saves time and costs, as it is possible to move in as soon as the property is handed over.

What should be taken into account before buying a new house?

  • First, it is important to know the price and the method of payment. It should be taken into account that, in general, buying a new house the price will be higher than buying a second-hand house in the same area and with similar characteristics.
  • Make sure that the property conforms to the one previously advertised. The property developer must provide all the information about the property, including the date of delivery, quality reports, plans, distribution, electrical networks, etc.
  • Review the documentation provided by the builder. This should include documents such as: the certificate of completion, the certificate of occupancy, the licence of first occupation, the compulsory guarantee, as well as the ten-year insurance policy.
  • To have a housing guarantee. According to the organic law on building, new-build homes have a guarantee of: One year on finishes, three years for installations and ten years for defects affecting the stability and safety of the building, i.e. the most important structural defects (the periods start to run from the date of the certificate of completion).
  • Include the finishes in the budget to avoid surprises. It may be the case that the developer has completed the construction, but when the buyer moves in, he may realize that the finishing touches are missing, or that he has included certain extras that were not included in the initial construction plan. Thus causing an increase in the final budget.
  • Knowing the delivery deadlines. When a property is purchased off plan, in some cases the delivery deadlines are not met according to the contract agreement. Therefore, they must be checked in order to be able to opt for the developer’s penalty in the event that they do not comply with the stipulated times.
  • Check the corresponding inspections. When a home is built, it is necessary for it to undergo a series of inspections to verify that the construction is correct and safe. It should be checked that the home includes a contingency of inspections.

It is important that before taking the step of buying a new house, it is advisable to have the advice of a professional who can advise on what is most suitable according to the client’s situation.

In Espígul we offer many new build houses with quality finishes and beautiful designs that will not leave you indifferent. If you are thinking about the opportunity to have a brand-new home, to have higher quality materials and even to choose certain finishes, we can help you find the home of your dreams.

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