BUY A HOUSE UNDER CONSTRUCTION

Some banks grant advances, that is, a loan is granted where only interest is paid, to those who wish to acquire a property under construction, technically called buy in plan.

One of the advantages of buying off-plan or under construction is the price to pay. The benefit comes from buying an asset at a current price that will have a different value when it is completed, due to the expected appreciation when the work is completed.

Another advantage of buying under construction is that it can allow you to make changes from scratch, adapting the property to your needs and expectations, without losing the construction guarantee, it is not necessary to buy a built property and make changes, without any benefit regarding the guarantee. , if any.

A risk that can be immediately detected is the fact that the deadline indicated for the completion of the housing has to be longer, thus increasing the waiting time due to delays in the works.

Process of buying houses under construction

The process of acquiring properties under construction consists of only three phases.

1. Reservation, in which the buyer needs to pay a deposit certifying that the property is reserved.
2. The contract is signed, with the settlement of another down payment corresponding to a percentage of the total value of the dwelling. The document in question must contain a clear and precise indication of the definition of the work schedule and payment terms.
3. Upon completion of the work and obtaining the respective licenses, the deed

Still in the field of payments, it is likely that, due to the financial burden, you will need a mortgage, with, as mentioned above, advances.

Useful tips

First, you should compare the prices of the property you are about to buy with the value that is normally practiced in the region in question.

If the purpose of investing in real estate under construction is to rent, it is best to make sure that the area of ​​the property is in demand.

In addition, in the location in question there is a possibility that the property will appreciate in value.

Effectively, choosing to buy houses under construction can be a good alternative for those who want to live in a certain location where there are no properties for sale or for those who want to customize their home to the fullest.

Those who want a lower price or capital shortage on the loan should also consider this option.