Buying a newly built home is one of the most sought-after options for those looking for a
modern, efficient, and customizable property. However, it’s essential to understand the
purchasing process and the legal guarantees in place to protect yourself throughout every
stage of the transaction.
Steps to Buying a New Construction Home
1. Choosing the Property and Evaluating the Builder
First and foremost, it’s important to rely on a reputable and qualified company. Check the builder’s financial stability, references, and previous projects. This ensures reliability and professionalism throughout the entire process.
2. Reservation and Purchase Proposal
Once the property is selected based on the plans, the buyer submits a purchase proposal. This includes all agreed-upon features: type of property, floor, specifications and finishes, price, payment terms linked to construction progress, and delivery timelines.
3. Preliminary Sales Agreement
The preliminary agreement is a legally binding contract for both parties. By law, it must be drafted by a notary, who will also handle its registration and transcription. The contract must include:
Building permit
- Project floor plans
- Final price
- Delivery date
- Any customizations
- Payment methods
All advance payments must be guaranteed by a bank or insurance surety bond to protect the buyer in case the sale does not conclude.
4. Payments Based on Construction Progress
Payment is typically made according to the progress of the construction work, as outlined in Legislative Decree 122/2005. This ensures that the buyer only pays in proportion to the actual progress on site. 122/2005. This ensures that the buyer only pays in proportion to the actual progress on site.
5. Final Sales Contract
Once the property is completed and approved, the final notarial deed of sale is signed. At this point, ownership is officially transferred to the buyer.
Guarantees for a New Construction Home
A newly built home is covered by:
- 10-Year Structural Warranty (decennale postuma): Covers serious structural defects for ten years.
- 2-Year Insurance on Systems and Finishes: Covers defects in installations, windows, flooring, and wall coverings for two years.
Why It’s Worth Buying a New Construction
- Energy Efficiency: New homes are designed with the latest technologies to reduce energy use and lower utility bills.
- Customizable Spaces: Buyers can choose finishes, materials, and modifications based on their preferences.
- Seismic Safety: New buildings comply with the latest regulations on safety and earthquake resistance.
Conclusion
Buying a newly built home is a significant investment. However, thanks to the legal guarantees and a well-regulated process, it’s possible to purchase with peace of mind and transparency. Always rely on industry professionals to receive support at every stage of the journey.