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BUYING THE PLOT
Now that you have found your plot - agreed the price - and your
Lawyer has ascertained that the villa of your choice can be built
on it, then you will need to complete the purchase of the land.
Your Lawyer will draw up a Contract between yourself and the
vendor of the land - more or less following the same procedures
as detailed in the section concerning purchasing a re-sale property.
If you are buying land and building a property, then you will
need to make two Escrituras (Title Deeds). At the time of paying
the balance of the land price your Lawyer will make the Escritura
for the land. You will then return to the Notarys Office
to declare the new building on your land - once the property is
completed.
THE ARCHITECT
Most will have drawing board designs of standard villas.
They may be able to show you ready built villas conforming to
their standard designs, you can then see in advance what you are
going to get. Most purchasers will want to make some changes to
the existing design and layout to customise their property.
If you have specific ideas on design, you will be able to liaise
with the Architect and design a purpose built property
Be prepared to pay somewhere in the region of £3,000 to
£5,000 in Architects fees. When you start building
your villa and the Architect presents his fees, you will only
be paying 70% of the total cost at this time. The balance is due
when the building is finished and the Certificate of the Termination
of the Building and the Licence of First Occupation of the Property
are required. Your Lawyer will need these two documents to be
able to make the declaration of the new building at the Notarys
Office.
THE BUILDER
In most cases your Architect, or your Estate Agent, will recommend
a builder who will be able to give you a specific quotation based
on the Architects plan and specifications.
Your Lawyer will draw up a Contract (or check out the Builders
Contract) which will give a complete specification.
The Contract will reflect the cost per square metre for tiles,
the models and types of sanitary fittings, taps, doors, windows,
etc. and a completion date should be fixed with a Penalty Clause
for late completion.
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