Building specifications for a new-build property
Together with the prospectus, this sets out the construction work to be carried out by the developer, i.e. the construction method, design and fittings of the property.
The rule here is: the more specific the description, the greater the planning certainty for the buyer. It is therefore helpful if the building specifications define as precisely as possible which materials of what quality are to be used and how they are to be installed. The developer must carry out the specified works to a technically flawless standard, in accordance with the current state of the art.
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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
Buying a new-build property: the advantages
The buyer can often incorporate their own ideas regarding the interior fittings and the layout of the rooms. - 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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