Your mountain residence acquisition project is in the hands of your real estate agent. Based on your search criteria, they will present upcoming new development programs at the resort. Buying off-plan may initially deter you since the real estate isn't yet existent. However, it's crucial to consider the benefits of VEFA (Sale Before Completion) in the assessment of your real estate project.
Customization
Buying an apartment off-plan provides the advantage of arranging the dwelling at your convenience.
Moving/removing a partition or even arranging the rooms differently are alternatives to be validated with the developer, depending on technical possibilities.
Furthermore, the choice of different materials (tiles, parquets, kitchen elements, etc.) allows the buyer to create the desired ambiance.
Construction Guarantees
The builder provides a damage-work guarantee as well as a financial completion guarantee. These guarantees protect the buyer against possible defects or construction faults and certify the complete realization of the construction.
Compliance with Latest Standards
New residences are built in compliance with the latest thermal regulation in force. Thus, the dwellings guarantee optimized energy consumption thanks to efficient insulation and low-energy equipment for heating, cooling, or lighting the property.
Staggered Payment According to Work Progress
When buying off-plan, the payment for the real estate is made in several stages, following a schedule provided by the developer: first at the completion of the foundations, then when the building is watertight, upon completion of the building, and finally at delivery. At this last stage, the buyer has the opportunity to make reservations about the dwelling. In this case, the developer will have to resolve them within a certain period.
Low Maintenance Costs
The freshly completed construction and delivered dwellings require no immediate or future works. Thus, condominium charges will be lower in the absence of maintenance fees.
Tax Advantages
Notary fees: Significantly, buying new allows the buyer to benefit from reduced registration rights (about 3% versus 7% in the old).
VAT recovery: With the status of furnished renter, the buyer has the possibility to recover VAT on the acquisition price of their property. However, certain conditions are necessary to benefit from this tax advantage:
- Place the dwelling under rental management
- The manager must offer 3 out of 4 parahotel services to tenants (reception – cleaning – household linen – breakfast)
