Buying a new construction in the South of France tips, Modern French property advice, Online home purchasing guide
Buying a new construction in the South of France guide
1 August 2023
Buying a new apartment on the French Riviera comes with many advantages, making it an attractive option for many individuals. Many projects are discovered once a crane is placed on the building plot. By then, over 50% has been sold before during the ‘avant-premiere’. The best way to find all new constructions on the French Riviera, is to visit a real estate specialist in new build apartments and villas.
Buying a new construction in the South of France Advice
Modern amenities and design
New constructions often come equipped with the latest amenities and modern designs, ensuring a comfortable and contemporary living experience. They are built with newer construction materials and techniques, which can result in better energy efficiency and lower maintenance costs.
Customization options
In many cases, when purchasing a new construction off-plan, buyers have the opportunity to customize certain aspects of the property, such as interior finishes, fixtures, and sometimes even layout options. This allows buyers to create a space that suits their preferences and needs.
You can also remove doors and walls, as long as they are not part of the construction. A special form called TMA (Travaux Modificatifs Acquéreurs) must be filed, after the signature of the deed.
Reduced maintenance
As the property is newly built, there should be minimal maintenance required in the initial years, reducing the likelihood of unexpected repairs or renovation costs. In fact, everything delivered comes with a full year of warranty. The second year, you still have warranty on everything that moves, like windows, doors, faucets, door handles etc.
Compliance with building codes and regulations
New constructions must adhere to current building codes and regulations, ensuring that the property meets the latest safety and environmental standards. Entrance to garage, halls and pools are secured with a badge that is personalized.
Potential for capital appreciation
In sought-after locations like the South of France, property values tend to appreciate over time. Buying a new construction will most likely offer the advantage of capturing some of this potential appreciation.
Enhanced security features
New constructions on the Cote d’Azur always include advanced security features, such as gated access, security systems, and secure parking, providing homeowners with added peace of mind.
Double rental income
When buying a new condo in the South of France, many people choose for buying a new ski chalet in the French Alpes. This will give two rental seasons, making the investment for rental income extra interesting.
Developer warranties
Many new constructions come with warranties from the developer, covering certain structural elements and appliances. This can provide buyers with financial protection against unexpected issues in the early years of ownership.
Availability of amenities and infrastructure
New developments are often designed with amenities such as swimming pools, fitness centers, communal gardens, and play areas. Additionally, they may be located in areas with improved infrastructure and access to public transport, shops, and schools.
Lower transaction costs
Buying a new construction give lower transaction costs for notary and taxes. You will pay 2,5% of the purchasing price. Existing properties are 7,8%. If you don’t need a mortgage, it might be even 2%.
Despite these advantages, it’s essential to conduct thorough research and work with a reputable real estate agency, specialized in new constructions like Living on the Cote d’Azur.
You can make a reservation for new construction in France from abroad and the team will guide you through the reservation and buying process. The agency is familiar with local laws and regulations when buying property in a foreign country like France. This will ensure a smooth and successful purchase process.
Comments on this guide to buying a new construction in the South of France article are welcome.
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