Buying a new-build property: advantages and what to watch out for

1Buying a new-build property: advantages and what to watch out for

New construction is an increasingly common choice for buyers – and with good reason. Modern buildings offer up-to-date solutions, energy efficiency and good living conditions. But before you sign a contract, there are a few things you should consider.

21. The advantages of new construction

• energy efficiency and new technologies
• better sound and thermal insulation
• new installations and less need for repairs
• the option to choose the floor, orientation and layout (in the early phases)

32. Finishing works

New properties are often offered “bare shell”. It is important to know what the price includes – windows and doors, installations, plaster. This affects the real value of the purchase.

43. Checking the developer

Choose a reliable builder with good references. Check:

• permits
• previously completed projects
• adherence to deadlines

54. Contract and payment terms

Read the contract carefully – especially regarding:

• the payment stages
• penalties for delay
• the deadline for completion and transfer of ownership

65. Working with an agency

A good agency will represent you, request the necessary documents and monitor the process on your behalf. This significantly reduces the risks.

Buying “off plan” or from a project nearing completion can be a great opportunity – as long as you know what to require. With NOV VEK Real Estate you get a partner who will guide you, protect you and make the whole process much easier.