real estate
Buying a house from a builder: useful advice

Buying a house from a builder: useful advice

Given the above premises, we take the liberty of providing some useful advice to those who have decided to buy a house under construction .

A first piece of advice is to get well informed about the history, solidity and reliability of the company. For example, you could request a certificate from the Chamber of Commerce, which is useful for knowing the date of incorporation of the company

It could also be verified whether the company is engaged in the construction of other buildings and in particular whether the works are proceeding smoothly there. In some cases, it might even be a good idea to visit one of these properties.

Just as it would be advisable to check that the land is buildable and owned by the construction company and that the necessary building permits have been issued.

If you decide to purchase, we recommend that you:

verify that the builder is covered by a bank guarantee and ten-year insurance;

carefully read the specifications and the preliminary contract.

Finally, it is better to be wary of houses under construction that are offered with significant discounts on the price, it could be an indication that the construction company is going through a period of financial difficulty. Just as we advise not to make unlawful payments (in case of bankruptcy of the company the relative sums could never be recovered) and to always require an invoice at the same time as the payment of each deposit.

In the next paragraphs we will focus in particular on two documents of fundamental importance: the specifications and the preliminary purchase contract.

Purchase of a house under construction: the specifications

Buying a house under construction means buying something that clearly exists only on paper at that moment. Since this is an extremely important decision for your life (and your finances), it is better not to make hasty decisions and acquire as much information as possible about that property, possibly without letting yourself be influenced too much by the images and models that the company of construction and the agency have made for their customers.