The Advantages of Buying a Newbuild Property in Spain.
Buying an off-plan property in Spain has no risks. This activity is regulated by the Spanish law and offers guarantees established in the Civil Code and Ley de Ordenación de la Edificación (LOE in Spanish, Law of Building Ordinance).
Buying a new build property in Spain offers another important advantage, you buy a house with a guarantee. There is a 1-year warranty on the property with regards to material and defects. The project developers are also obliged to give a 10-year guarantee on the construction of the house.
The security of any deposits and future payments are also guaranteed by bank guarantees.
You have the added benefit of paying for your new home in stage payments.
The Benefits of Buying a Newbuild Property, Off-Plan or Key-Ready For Use
When you are looking to purchase a property in Spain it is important to consider exactly what you are looking for. The advantages and disadvantages of various options are of course very important. One of the important choices that will have to be made is whether you are looking for an existing property or want to buy a new build property in Spain.
If you buy an existing property in Spain, the house is often somewhat older and sometimes even dated. In addition, some years ago the quality of houses in Spain were a lot lower, mainly because there was a high demand for properties. In recent years there has been a revolution, especially regarding quality and insulation. It is of course quite possible that an older house has its charm, but does it also outweigh the numerous benefits of a beautiful new build property on the Spanish coast?
When you choose a new build villa or apartment, you know for sure that you will have a carefree time. Everything is brand new and works as it should. And if something goes wrong, you can count on a guarantee. There are also no maintenance works or renovations that you must start immediately.
A new build property is of higher quality
As already indicated, much has changed in the last several years in the way of building in Spain. Due to the real estate crisis, builders have become aware that it is not simply possible to sell everything. Developers have become better aware of what the customer is looking for, which means the quality has improved enormously compared to around 20 years ago. A major improvement is not only visible in terms of material and construction. The quality also affects energy consumption; years ago, even single glazing was often used, we now see very good double glazing with aluminium frames. Building quality and building materials are much better than in previous years due to European requirements in law.
A new-build property in Spain is much more energy efficient
If you buy a new car or a new washing machine, you expect them to be energy efficient. Why not take this into account when purchasing a home or an apartment in Spain? Substantial progress has been made in this area in recent years and the builders use renewable energy for part of their power supply. If you buy property that was built in the 1990s or earlier, the energy consumption will definitely be a lot higher. Energy grades A & B are the norm for new builds.
Luxury complexes with many amenities
When you buy in a residence, you often benefit from the well-kept, nicely decorated communal areas with stylish swimming pools and relaxation areas. An indoor spa with sauna, heated swimming pool and jacuzzi are no longer an exception these days. We also see a small sports facility and children's playground on the complexes more often. Of course, there are various options, whereby we listen carefully to your wishes. So if you only want a swimming pool, we can skip the more luxurious complexes. After all, you do not want to pay for facilities that you will not use.
The current new construction projects are often located in the best locations. Precisely because the customer who buys a property in Spain often knows very well what they are looking for, the project developers will have to distinguish themselves. Projects are often well laid out with lots of privacy and new build homes are stylishly and thoughtfully designed. They often use natural light and beautiful views through the large windows.
Choosing your own design
If you are buying off-plan, you have the option to choose the materials used in many new construction projects. Floor and wall tiles, worktops, built-in appliances, colours etc, can usually be chosen from a number of variants. This allows you to personalize your home and make it your own style from the start. *Sometimes at an additional cost.
Warranty and maintenance costs when purchasing a new build property
Buying a newbuild property in Spain offers another important advantage: You buy a house with a guarantee. Thereby there is a 1-year warranty on the property with regard to material and defects. The project developers are also obliged to give a 10-year guarantee on the construction of the house.
In terms of maintenance costs, you will certainly have an advantage in the first years. After all; you buy a new property so all materials are new and have no wear. Consider, for example, the boiler, electrical appliances, but certainly also window frames and sliding windows / doors. Because we also advise on renovation work on existing (older) homes, we know that these costs can rise considerably. With little or no maintenance during your ownership and good potential for possible future sales, buying new construction makes a good investment.
Buying with a good agency and from a reputable builder should lead to a hassle-free and simple purchasing process. When purchasing a new-build home, we will of course ensure that your money is safe and protected by means of bank guarantees at all times.
With Hot Properties España, you can be assured that we provide completely personal attention, both in the treatment and the solution of any queries or doubts that our customers may have. From the first moment of our communication to the execution of the deed and handover of the property and long beyond, we will be with you every step of the way.