What you need to know when buying a newly built flat

If you are still in doubt and do not know whether to buy a flat or not, it might be useful to consider some important factors before making such a complicated decision. Here are some tips to make this decision easier for you.

6 tips for buying a newly built flat

1. Assess your current and future financial situation: it is essential to have sufficient savings for the down payment and to keep the monthly mortgage payments smooth.
2. Check that this is the perfect time to buy: Think about your personal needs and priorities.
3. Have a trusted financial advisor or real estate agent: At Partun, we have a team of highly trained professionals who are ready to help you every step of the way.
4. Check the specifications: is a document detailing the materials and finishes to be used in the construction of the floor.
5. Consult the financing conditions: Check if the developer has agreements with banks to offer you a mortgage with favourable conditions, but do not limit yourself to this alternative.
6. Verify licences and permits: Verify that the project has all the required licences and authorisations before making any major payments.

Advantages of buying a newly built flat

Buying a newly built flat offers numerous benefits in both the short and long term.

• Technology and energy efficiency: New flats usually incorporate the latest technologies in construction and materials, which translates into greater energy efficiency, better thermal and acoustic insulation, and lower energy consumption.
• Customisation: In many cases, you can choose finishes and layouts to suit your tastes and needs, depending on the state of construction of the project.
• Warranty: New homes are protected by several legal guarantees, such as the 10-year structural guarantee.
• Lower maintenance costs: As a new home, you won't have to worry about repairs or upgrades for many years.
• Regulatory compliance: New construction complies with the latest regulations, ensuring accessibility, safety and efficiency.

If you have already decided to buy a newly built flat, it is important that you take into account everything we have mentioned above before taking the next step.

Do you want to find out more about the new property developments we have in Extremadura? Ask for more information and contact us.