Before you buy an apartment in a house under construction or under construction, study investors, home developers and apartment sellers.
The company that invests in the construction of funds is the investor. A developer is a company that owns or leases a land plot and raises funds from participants in shared construction. Typically, the developer acts as the general contractor of the construction. Quite often, the investor, developer and seller coincide in the person of one company.
Pay attention to the reputation of these companies, learn how long they work in the market, what objects they built.
Before concluding an agreement with the seller, familiarize yourself with the package of documents for the real estate. According to paragraph 2. Article. 21 of the Law “On participation in shared construction”, the Developer is obliged to provide the following documents for familiarization to anyone who applies:building permit;
Feasibility study for the construction of an apartment building and (or) another property;
the conclusion of the state examination of design documentation, if such an examination is established by federal law;
design documentation, which includes all changes made to it;
documents confirming the rights of the developer to the land plot.
Also, the developer is obliged to publish the project declaration in the media, including the Internet. The project declaration is a document containing information about the developer and the shared construction object. This information is open and accessible.
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Your real estate project has already been built and passed the state commission, but have you yet to receive the keys to the new apartment? Unfortunately, this often happens. In the period after the commissioning of an object, the city municipality tries to find flaws in order to get additional elements of improvement from the builder.
If your house still has unsold apartments, then the developer himself does not seek to give out keys, especially during the heating season, as the developer must pay for the heating of unsold apartments.
You can begin to finish the apartment, to begin to live in, you can rent it out.
If you bought an apartment for resale, then almost immediately after the keys are issued, the time ends when the apartment can be transferred to another investor. Further, only a preliminary contract of sale is possible. This period continues until the registration of the apartment in the property. Since the house has many corporate investors and all of them are in no hurry to sum up the result, registration in the property may drag on for another year. Only after that the apartment can be sold if desired.