New Property Developments Marbella

When purchasing a new build property, it’s essential to know exactly what is included in the package. Developers may offer various features such as landscaped gardens, built-in appliances, and other fixtures and fittings. Request a comprehensive list of inclusions to understand what comes standard and what might be considered an upgrade. This information will help you avoid any surprises and ensure that you budget appropriately for any additional items you might need to purchase. Having a clear list also helps in planning your move and setting up your new home efficiently.

New build homes typically come with a warranty designed to provide peace of mind and protection against potential issues. Generally, these warranties last for 10 years, covering builder-related defects for the first two years and structural problems from years three to ten. It’s crucial to ask your developer for specific details about what the warranty covers, any exclusions, and the process for making a claim. Understanding the warranty terms will help you know what support is available if problems arise and ensure that your investment is protected over the long term.

Understanding whether a property is freehold or leasehold is fundamental when purchasing a new build. Freehold ownership means you own the property and the land it is built on outright, providing complete control over the property. In contrast, leasehold ownership means you have the right to use the property for a specified number of years, but the land it stands on is owned by someone else (the freeholder). It’s important to clarify this with the developer, as leasehold properties might come with additional costs such as ground rent and service charges, and restrictions on what you can do with the property.

Restrictive covenants are rules imposed by developers to maintain a uniform appearance and standard within the development. These covenants can affect what you can and cannot do with your property, such as making extensions, changing the exterior appearance, or even installing satellite dishes. It’s important to understand any restrictive covenants in place before purchasing to ensure they align with your future plans for the property. Knowing these restrictions ahead of time will help you avoid potential legal issues and ensure that your expectations match what is permissible.

In Spain, several financial assistance options and schemes can make purchasing a new build property more accessible. Developers and banks often offer low deposit options, favorable mortgage terms, and specific schemes like the Help to Buy program. These schemes can significantly reduce the upfront cost and provide more manageable repayment plans. Additionally, developers might be able to refer you to independent mortgage advisors who can offer impartial advice tailored to your financial situation. Exploring these options thoroughly can help you secure the best possible financing for your new home, making your dream of owning property on the Costa del Sol a reality.