Why Buy a New Construction Property Before Act 16?

Benefits worth considering.

Buying a new home is a decision that requires careful planning and a forward-looking perspective. While many buyers prefer to wait until the building is completed and they receive Act 16, buying during construction can offer a number of advantages.

From better prices to greater freedom in choosing an apartment—deciding early gives you the opportunity to plan your purchase according to your budget and personal preferences. Here are the main advantages to consider:

1. Lower cost during the early stages of construction
   For new construction projects, prices change as construction progresses, which makes buying early more advantageous. You can purchase a home on more competitive terms before the project’s progress affects price levels.
2. A wider selection of floors and orientations
   In the early stages, there are usually more available apartments, which increases your chances of finding a home on your preferred floor, with your preferred orientation and view. This allows you to choose based on your standard of living.
3. Opportunities for personalizing your home
   Depending on the stage of construction and the developer’s terms, you may have the opportunity to customize your future home. This way, it will reflect your personal taste without the need for changes at a later stage.
4. More flexible payment plans
   The payment schedules are aligned with the individual phases of construction. This can simplify financial planning and give you time to organize your funds according to the agreed-upon terms and conditions.
5. Potential for an increase in property value
   The value of the property increases between the time of purchase and the building's completion. Although this is not a guaranteed return, an early investment can offer good prospects.
6. A wider selection of parking spaces and garages
   If you buy early on, you’ll have a wider selection of parking spaces and garages to choose from, including options based on location and ease of access. This is an important advantage, especially when parking in the area is limited.
7. Ability to plan ahead
   The period leading up to the completion of your building gives you time to arrange financing, furnish the space, and plan your move. This allows you to spread out your tasks and expenses over time.
8. Rental Yield Potential
   If you are buying for investment purposes, choosing a property early on that has a good location, a functional layout, and sought-after features can create favorable conditions for renting it out. However, the actual return on investment depends on the purchase price, local demand, property expenses, and trends in the rental market.

What's important to know before making a purchase?
Buying a property before Act 16 is issued may offer price advantages, a wider selection, and more time for planning, but it also requires careful due diligence. Before making a decision, research the developer, the construction documents, the terms of the contract, the payment schedule, and the projected completion dates.

At Arteimmo, we believe that a good purchase starts with an informed decision. When you know what you’re looking for and explore your options early on, you can choose a home that meets your needs, budget, and plans for the future.