What should I know before buying a greenfield apartment?

Buying an apartment "off the grid" — in the early stages of construction, often before the rough construction has even begun — is a great opportunity for buyers looking for a better price and more choice. But this type of purchase also carries risks that should be carefully assessed.
This is where we come in so we can give you the best advice. – our experience and knowledge of the market can save you time, money and future problems.

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1. Check the builder and investor

This is the most important step. The reliability of the builder determines the security of your investment.

What to check?

• Company history and reputation
  
• Completed buildings (especially those with Act 16)
  
• Reviews from owners in previous projects
  
• Financial stability
  

This is the moment when a good consultant can save you from making the wrong choice by checking documents, history and actual progress on the project.

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2. Make sure all required documents are in order

When purchasing "greenfield", the project must have:

• Building permit
  
• Approved architectural project
  
• Established right to build
  
• Clear ownership of the land
  

Many of these documents are difficult for inexperienced buyers to interpret, so It is important to rely on a good consultant who will guide you step by step to a successful deal. and help you understand the real guarantees you are receiving.

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3. Check the actual stage of construction

When buying "green", the building can be:

• only at the project level,
  
• on an excavation,
  
• with a poured slab at ground level.
  

It depends on the stage:

• the price,
  
• the payment schedule,
  
• lending opportunities,
  
• the commissioning period.
  

Our experience is key here, because we can give you a realistic idea of when you could receive your property and whether construction is going according to plan.

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4. Carefully review the contract

When you buy "on the green", you usually sign preliminary contract, which regulates:

• completion deadlines,
  
• payment schemes,
  
• penalties for delay,
  
• guarantees and commitments of the investor,
  
• right to make changes to the project.
  

This is one of the most important moments in the process.
Here we come., to check for you whether the terms are realistic, fair and protect your interest.

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5. Financial part – what to expect

Advantages:

• lowest price on the market,
  
• more flexible payment options.
  

Risks:

• construction delay,
  
• changes in the project,
  
• risk of non-completion with an unstable investor.
  

When evaluating these factors A good broker or consultant is indispensable, because it can help you assess when an offer is profitable and when it poses too much risk.

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6. Bank financing – when is it possible?

Banks most often finance the following:

• Act 14 (rough construction),
  and full financing is possible after Act 15 or Act 16.
  

We can guide you to the most suitable banks and assist you with pre-approval so that you feel at ease throughout the entire process.

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7. Quality guarantees

The law provides guarantees for:

• 10 years – construction,
  
• 5 years – waterproofing,
  
• 3 years – finishing work.
  

The contract should have clear clauses about warranty service.
Here we come., to help you understand your rights and make sure everything is described correctly.

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8. What fees will you pay?

After Act 16, the fees are standard:

• notary fee
  
• local tax
  
• registration fee
  
• bank fees and assessments
  

We will inform you in advance about all costs so that you do not encounter any surprises.

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Conclusion

Buying an apartment "on the green" can be one of the most profitable investments, but only if it is made in an informed and careful manner.
For this reason, it is important to rely on a good consultant who will guide you step by step to a successful deal., to verify the builder, the contract and the project, and to look after your interests throughout the process.And when you need an experienced and reliable partner – this is where we come in.
We will give you the best advice, protect your interests, and help you make the right investment in your future home.