There is no coincidence that we specialize in selling exclusive condominiums in brand new real estate projects.
As a matter of fact, investing in a brand new construction or project in France offers several benefits that you should consider:
- By investing in a brand new real estate project, you will pay reduced transfer fees upon closing at the notary's office. Closing fees, stamps and taxes will sum up to 2,5% of the total purchase price instead of 8% when purchasing a resale. A direct benefit of 5,5% on your global investment...
- By investing in a brand new project on paper and/or under construction, you automatically get an estate bank collateral insuring the completion of the construction project, even if the developer cannot accomplish the construction.
- You also get a builder's warranty: 10 years on the structure, and 2 years on the equipment. No matter what happens and affects your property, the insurance will get it fixed immediately and then search for the liabilities.
- Upon delivery of the keys, the developer stays liable for any hidden defects that may appear within the next 12 months, and has 2 months to fix it.
- By purchasing in a brand new project, you always get a better level of comfort and security, as well as the latest equipment and technology available on the market.
- You will pay lower home owners association fees, and and lower maintenance fees in a brand new condo, compared to an older construction.
- In order to get the construction permit granted, the developers and architects have, since 2010, to get all apartments accessible for the handicapped as well as environmentally-friendly, by using specific aislation materials and technology.
- Brand new condos provide generally a better infrastructure to the residents and owners, such as more parking spaces, more appropriate and user-friendly common areas, and better security and communication systems.
- By buying in a brand new project, you will get to pay lower property taxes (reduction varies in each city) than in a resale.
- Finally, brand new condo projects are simply more adapted to a contemporary and modern way of life.
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