Off-plan home purchase.
Buying a property ‘off-plan’ is buying a property that has not yet been built or is in the process of being built.
Although there are several advantages to buying a property off plan (price savings, ‘personalization of the property’, in principle of better quality and more energy efficient, guarantees in accordance with the law, etc.), this option is not without risks: delays in the delivery of the property, financial problems of the development, variations between the plans of the property and reality, etc.
It is therefore very important to thoroughly review the contract, which should detail the delivery period, guarantees, payment schedule, penalties, etc.
It is advisable to know the economic and technical solvency of the developer and the builder, the legal situation of the plot with all the necessary permits and to demand the financial guarantee.