buy a house from plan in Spain

GogoEstates is aware that when purchasing, there are several things you should pay attention to to prevent problems and guarantee a good investment. Here are the main points to pay attention to:

###Legal aspects

1. **Check the documentation:**
– **Building Permits:** Check that the developer has all necessary building permits.
– **Titles:** Make sure the seller is the rightful owner of the plot.

2. **Contracts:**
– **Purchase contract:** Have the purchase contract checked by a specialized lawyer. It must be clear and contain all essential terms.
– **Deposit:** Make sure there is a bank guarantee or insurance policy for the advances paid, so that you are protected in the event of default by the developer.

###Financial aspects

3. **Costs:**
– **Additional costs:** Consider VAT (IVA), stamp duties, notary costs, registration fees, and legal costs.
– **Payment terms:** Make clear agreements about payment terms and ensure that these are in accordance with construction progress.

###Construction quality and planning

4. **Specifications:**
– **Construction Specifications:** Check the construction specifications and materials that will be used.
– **Delivery date:** Ensure a clear delivery date in the contract and any penalty clauses in case of delays.

5. **Inspections:**
– **Preliminary inspection:** Schedule an inspection before final delivery to check whether everything has been built as agreed.
– **Warranty periods:** Check which warranty periods apply to different parts of the home (e.g. structural warranty, installation warranty, etc.).

### Reliability of the developer

6. **Developer Track Record:**
– Research the developer’s reputation and past projects. This can provide a lot of insight into their reliability and the quality of their work.

### Local regulations

7. **Local regulations and taxes:**
– Inform yourself about local taxes and regulations applicable to property ownership in Spain.

### Use of a real estate agent or attorney

Professional guidance:

8. **Professional guidance:**
– Consider hiring a local estate agent and a specialist lawyer who are familiar with the process of buying off-plan property in Spain.

By conducting careful research and seeking legal advice, you can avoid many of the potential risks and ensure a smooth purchase of your off-plan property in Spain.