The advantages of a new building acquisition
You want to buy a home but hesitate between the old and the new? In addition to living in a new building, here’s a summary of the benefits of new buildings acquisition:
The sale of a new building contains several safeguards to protect the buyer. You will first benefits of the « completion guarantee » covering all amenities and structures for 1 year. The « biennial » guarantee, covers all the separable components of the construction, that means all the equipments, for 2 years. The « ten-year guarantee » also called « decennial » will guarantee the structure for 10 years from the reception of the work by the developer. An acoustic guarantee also ensures a controlled level of acoustic comfort.
2. Reduced notary fees:
While the notary fees in old construction may represent between 6 % to 8 % of the purchased price, in new construction buildings, you will benefits from reduced notary fees of around 2 % to 2.5 %. A financial burden not to underestimate depending on the price of the good purchased.
3. Energy performance:
New buildings construction is regulated by French thermal laws called « RT 2012 ». It stated maximum energy consumption of 50 kmW per m2 per year for the entire building. Another aspect to wisely compare with older construction.
4. Works and personalization:
While in most of cases some works (sometimes important) are needed to refresh an old flat, new buildings will be delivered according to the latest standards and with a level of consistent finishes. In addition, some developers offer partial or complete customization of new housing, allowing you to give life to your desires.
The government want to support the real estate sector and encourage its citizens to become owners. Thus, several incentives are offered:
– The PTZ + (zero % loan rate): Allows first-time buyers to benefit from very favorable loan rate from the state.
– The PINEL law: Allows tax reduction based on investment level.
However, buying a new home hasn’t only advantages. In most cases, you will need to wait several months before you can enjoy your new home.