This choice can be very convenient for the buyer because it allows for economic savings, however it also hides numerous pitfalls.
So let’s see what you have to be careful about if you want to buy a house on paper while protecting yourself adequately.
Why is it worth buying a house on paper?
The main reason why the purchase on paper is worthwhile is precisely the economic one, since the property is not yet completed, it is possible to obtain a much lower price .
The lower cost is also due to the higher risks involved, but we will talk about this later.
At the affordable price, you must add the 4% reduced VAT for purchase directly from the manufacturer.
Usually, a payment program is established , with down payment, deadlines set at the various stages of processing (for example foundations, structures, systems, finishes), and the balance due at the signing of the final deed.
Purchasing on paper is then a decidedly flexible choice. It is possible for the buyer to ask the builder for some changes to the distribution of the interior spaces, presenting a variant to the approved project, or to prefer different finishes.
You can then choose floors, bathroom fixtures, fixtures or request a different layout of the rooms, customizing the house according to your tastes and needs.
If you have bought a house under construction and want to make some changes to the project , you can request my advice here .
In summary, choose this solution if:
• you do not have the urgency to move to your new home immediately
• you have liquidity to be paid as an advance and as a guarantee of purchase at the end of the work
• you trust the construction company that will take care of the work.
The risks of buying a house on paper
Of course, there is also a downside and buying a house on paper can hide some pitfalls.
When you buy on a project, it takes a long time before you can go and live in the house, sometimes even years.
But the most serious risk is represented by the possible bankruptcy of the constructor, or by his possible economic difficulties that can cause the delay in delivery or even the suspension of the works until a date to be decided.