Buying property in the plant is, yes, a good option for those who dream of their own home and are not in such a hurry to move. If this is your case, know that this type of purchase has advantages and disadvantages.
Do you want to know what they are and if it’s really worth buying property in the plant? Come with us and check out 8 tips to make the best deal.
What are the Advantages of Buying a Property in the Plant?
If you dream of buying your own home, know that a property in the plant can be a very advantageous option.
This is because, in this type of purchase, it is possible to give the entry value in installments, that is, this value is divided by the construction time and normally, you do not need to pay very high amounts.
Not to mention that you also have the possibility to define the style of decoration of your home, choosing the types of windows, doors, sinks, coverings, and so on.
When opting for a property in the plant, it is also possible to negotiate better price and payment conditions. In addition, generally, the tendency of a property in the plant is that it escalates over time.
This means if you want to sell the property at some point, you will have a good profit.
What are the Disadvantages of Buying a Property in the Plant?
But as not everything is flowers, buying property in the plant also has some disadvantages. One of them is the risk of not receiving the property if the construction company goes bankrupt, for example.
Even if the contract has all these clauses, in bankruptcy cases, it is possible to have to face a lawsuit to get the values back.
In addition, when selling a property in the plant, builders present models and even a decorated unit, but it is possible that there will be some changes at the time of delivery.
That is why it is always good to do business with a reliable company to avoid this kind of problem and see your dream go down the drain.
8 Tips for Buying Property in the Plant
But so that does not happen, we have selected 8 essential tips to buy property in the plant and see the dream of your own home come true or even make that investment you have always wanted.
1. Choose a Good Location
If you want to make a good deal, whether to live or invest, choosing a good location is paramount.
That’s because the better its location, the more possibility of appreciation the property will have. In the case of buying a property in the plant to live in, the location is essential for the safety and comfort of your family.
Therefore, before closing a deal, check that the venture is located in a region with good infrastructure, schools, hospitals, and commerce in general.
2. Get to know the Project and Publicity Materials
When buying a property in the plant, it is important to know the project, the construction company, and the publicity materials.
Check the credibility and suitability of the company, and explanatory materials about the project, location, and infrastructure.
3. Visit the Decorated Booth
To easily visualize the house or apartment project, it is recommended that you visit the decorated booth. This way, it is easier to visualize how the property in the plant will look when ready.
With this, you can also plan the decoration and arrangement of the furniture.
4. Understand the Payment Methods
The purchase of property in the plant requires good financial planning. Therefore, understand the forms of payment for the house or apartment in detail.
Check which amounts must be paid in cash and which can be paid in installments. This makes it easier to plan for payments.
5. Check the Descriptive Memorandum
Before buying a property in the plant, a tip is to check the descriptive memorial, an official and mandatory document that the construction company must present before starting the construction of the property.
The document gathers details about the project, such as delivery time, stages of the work, types of materials that will be used, description of the social and private areas, authorization from the city hall for construction, proof of land ownership, etc.
6. Read the Contract and the Proposed Clauses
Before buying property in the plant, read the contract and clauses. This care is important, as this document makes the deal official.
After signing, both parties must comply with the clauses, so please read carefully. Review the proposed conditions and, if necessary, consult a lawyer.
7. Ask for all the Enterprise Documentation
Another important care before buying property in the plant is to request all the documentation of the enterprise.
Ask for documents, such as the updated property registration, copy of the CNPJ of the construction company and the condominium, IPTU certificate, negative certificates, and the occupancy permit in the delivery of the apartment.
8. Understand the Cost-Benefit of Deadlines
Finally, understand the cost-effectiveness of payment terms because, even though it is cheaper than ready-made properties, you need to pay attention to the form of payment.
Remember that the initial value is corrected until delivery of the property since the INPC (Consumer Price Index) is taken into account. Make a simulation before closing the deal and buying property in the plant.
Check the value of each installment, amount of installments, percentage to be paid as a down payment, and interest rates.
Now that you already know all the precautions to buying a property in the plant, advantages, and disadvantages, know that Sky Marketing presents the most diverse types of real estate ventures, such as houses, apartments and land.
Our platform offers service through several service channels, such as WhatsApp, phone, chat, email, Facebook and Instagram.
Access our website right now and find the best real estate options to live or invest in, such as blue Blue world city Islamabad.
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