Buy one property on the drawing board is the dream of many Brazilians. It also represents a unique investment opportunity. However, this decision requires planning. Do you want to pay less for a new apartment? Then this option is ideal for you.
On the other hand, you need to understand the risks involved. In this guide, we'll unlock all the secrets. So get ready to make the best deal of your life.
What does it mean to buy as you go?
Basically, you finance the construction. In other words, you pay before you move in. In this way, the construction company uses your money to build the house. As a result, the final price is lower. It usually costs up to 30% less than a finished property. What's more, you get a guarantee of new, modern facilities.
However, patience is a necessary virtue. After all, it takes a few years to hand over the keys. But the wait is usually worth it. A real estate appreciation takes place during construction. This way, your assets grow even before you move in.
Real Advantages of Real Estate in Planta
There are clear benefits to this purchase. Firstly, the payment flow is easier. Many construction companies pay the down payment in installments. What's more, you have time to plan the move.
Another strong point is customization. It is often possible to change the layout during construction. This avoids future renovations and extra costs.
To learn how to organize your budget for these installments, visit Learning About Finance. There you will find valuable savings tips.
Technical table: Plant vs. Ready
Below are the crucial differences between the modalities. Analyze the data carefully.
| Features | Property on the drawing board | Ready property |
|---|---|---|
| Starting Price | Lowest (up to -30%) | Full market value |
| Entry | Installments (easy) | At sight (usually high) |
| Correction Index | INCC (Construction Cost) | IGpm ou IPCA (geralmente) |
| Change | Long term (2 to 4 years) | Immediately |
| Customization | High (during construction) | Low (requires reform) |
The dreaded INCC: How does it work?
The INCC scares many buyers. It stands for the National Construction Cost Index. Basically, it measures the inflation of materials. Therefore, it adjusts the outstanding balance of your property on the drawing board. Every month, your debt is updated. Consequently, the installments can increase.
However, it is fair. It ensures that the construction company is able to buy the materials. Without it, the work could stop. It's therefore vital to have some slack in the budget.
Never commit your entire income to the initial installment. Remember that it will go up. That way you avoid unpleasant surprises in the future.
Expert Tip: Financial Protection
“Always simulate the worst case scenario of the INCC. Set aside around 20% more of the monthly installment. This creates a financial safety cushion. If the index goes up a lot, you'll be protected. If it doesn't, you'll have extra money to write off the outstanding balance when you hand over the keys.”
Risks and How to Avoid Them
It's not all flowers. There are real risks in the process. Construction delays are the most common. That's why you should check the construction company's track record. Also, read the contract carefully. The law allows up to 180 days' delay. After this period, you have rights. The construction company must pay you a fine.
Another risk is company bankruptcy. To mitigate this, opt for Affected Assets. This legal system separates the money from your work. In other words, if the construction company goes bankrupt, your building doesn't go bankrupt. So demand this clause in the contract.
Quick Action Checklist
Before you sign, follow this roadmap. It could save your investment.
- Check the RI: The Incorporation Register is compulsory. Without it, the sale is illegal.
- Visit old works: See how the construction company delivers the buildings.
- Analyze the descriptive memorial: It lists all the materials used.
- Check the CNPJ: Take legal action against the company.
- Simulate financing: Make sure you have credit in the future.
- Keep the flyers: Every advertising promise must be kept.
The moment the keys are handed over
Finally, the work is finished. But calm down. Before you move in, there's the inspection. This is a critical moment. Take the description memo with you. Test all the taps. Open and close the windows. Check the water flow in the drains. Also look at the paintwork and floors.
If you find defects, don't accept the keys. The builder must fix everything. Only sign the acceptance form when everything is perfect. After all, you paid for a new product. So demand total quality.
Financing and Extra Fees
When you hand over the keys, you pay off the outstanding balance. You usually take out a bank loan. At this point, there are extra fees. The ITBI (transfer tax) is heavy. It varies from city to city. There are also notary fees. Property registration is essential. Without it, you don't own the property.
Prepare your pocket for these costs. They represent around 4% of the property's value. For more strategies on how to manage large expenses, visit Learning About Finance again. Knowledge is your greatest weapon.
Expert Tip: The Technical Inspection
“Consider hiring an engineer for the inspection. The technical eye identifies flaws that are invisible to the layman. Electrical or waterproofing problems are costly later on. The cost of this professional is negligible compared to the value of the property. It's an investment in peace of mind.”
Verdict: Is it worth it?
Buy property on the drawing board is excellent. Especially for those looking to increase their value. However, it requires financial organization. If you're in a hurry, run away. If you want to make a profit or pay less, embrace the idea. The key is the choice of construction company. With legal certainty, the return is guaranteed.
Ready for the next step?
Don't let the opportunity pass you by. The real estate market is hot. Secure your unit now. Research, visit stands and negotiate. Your new home is waiting for you. Start your journey today!
Frequently Asked Questions (FAQ)
The law allows 180 days' delay. After that, the construction company must pay a monthly fine to the buyer. You can also request rescission.
Yes, this is called assignment of rights. However, the construction company must approve it. There is usually a transfer fee.
No. The INCC only adjusts the outstanding balance. What you have already paid is not adjusted.
We don't recommend it. The broker guarantees legal certainty. They will also negotiate better conditions for you.
É um juro pago ao bank durante a construção. Ela garante que a obra não pare. No entanto, ela não amortiza sua dívida final.
