Buying a home off-plan is an option that has gained popularity in the Spanish real estate market. However, it's essential to understand its benefits, the legal safeguards involved, and follow a series of recommendations to ensure a safe investment.
Advantages of buying off-plan
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Economic savings: Off-plan homes are often offered at more competitive prices than pre-built homes, allowing for significant savings. gilmar.es
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Personalization: Buyers have the opportunity to choose finishes, materials, and, in some cases, make changes to the layout, adapting the home to their preferences. Metrovacesa
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Payment facilities: Payment is spread across different phases during the construction process, facilitating financial planning. gilmar.es
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Energy efficiency: New construction often incorporates technologies and materials that improve energy efficiency, resulting in long-term utility cost savings.
Legal guarantees
The Building Regulations Act (LOE) establishes various guarantees for buyers of new homes:Idealistic
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One Year Warranty: Covers defects in finishes or finishes.
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Three-year warranty: Protects against damage that affects habitability, such as humidity or installation problems.
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Ten-year warranty: It refers to structural defects that compromise the stability of the building.
Furthermore, the developer is required to have insurance that guarantees the amounts paid on account by the buyers, offering greater financial security.
Practical tips for safe shopping
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Promoter Research: Checking the developer's reputation and solvency is essential. Consulting previous projects and reviews from other buyers can provide a clear picture of their reliability.
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Contract Review: It's advisable to have a specialized attorney review the purchase agreement to ensure that all necessary clauses are included and that the buyer's rights are protected.
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Work monitoring: Maintaining constant communication with the developer and, if possible, visiting the project during its progress helps ensure that agreed-upon deadlines and specifications are met.
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Complete documentation: Upon completion of the project, ensuring you receive all relevant documentation, such as the certificate of occupancy, energy certificates, and warranties, is crucial to avoid future issues.