NeubauKaufen
Buying a new-build property: the advantages
Last updated: 29. June 2020 | Reading time: 1 minute
The floor plan can be tailored to the buyer’s individual requirements. The buyer also benefits from a 5-year guarantee and acquires a state-of-the-art property that usually meets very high energy efficiency standards. Under the Estate Agents and Property Developers Regulation, the buyer is very well protected even when purchasing at an early stage off-plan, as the purchase price is payable in instalments in line with the progress of construction.
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New-build or existing property: which is more expensive?
If only the price per square metre of living space is taken into account, new-build properties can be up to 50 per cent more expensive than existing properties. - NeubauKaufen
Building specifications for a new-build property
When purchasing a new-build property, a building specification is attached to the notarised contract of sale as an integral part thereof. - NeubauKaufen
Do-it-yourself work when buying from a property developer
Most property developers largely rule out the purchaser carrying out any work themselves, as this gives rise to issues regarding the demarcation of liability in relation to warranty claims and claims for the rectification of defects. - FinanzierungKaufen
Documents required for a mortgage
When assessing a property loan application, the bank requires various documents relating to your personal details, your income, your assets and the property itself. Gathering these documents well in advance makes the process smoother and can save you valuable time. This can be crucial, particularly in a competitive property market such as Munich.
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