It is not at all surprising that every inhabitant of our country wants to buy a good new home at a low price. Such offers are very tempting. But this way of acquiring housing is quite risky and not everyone dares to do it. Shared construction can be three times cheaper than buying ready-made new or secondary housing. If you decide to take advantage of the offer of such a developer, then the advice is not to rush to part with your money. Read profile portals dedicated to shared construction, for example, here.
A few years ago, a federal law was adopted that provides for the responsibility of property developers to participants in a specific shared construction. In this law, all the details are well discussed, which helps to protect participants as much as possible from possible scams in the field of real estate. But, unfortunately, such a federal law does not provide for all possible points of disagreement between the parties.
It takes a lot of hard work to find a decent builder. It is necessary to study the entire market of proposals, ask knowledgeable people about certain developers. There are a lot of people in our time who have already gone through shared construction. Unfortunately, not all is well. So feel free to ask and consult. Don’t rush to choose. If possible, you can check all the registration documents of the company and it is even better to bring a sample contract to an independent lawyer who will reread all the clauses and subparagraphs in order to tell you in an understandable language about all your obligations and risks. Also check the building permit and the date the permit was issued. The fact is that if it was issued before April 2005, then the new law cannot carry any extensions to the relationship between the equity holder and the developer. And a person who invests in construction is very much at risk of losing his money irretrievably. He has no legal protection. It is necessary to demand from the developer all the available papers and documents for building permission, for the ownership of a land plot for construction, and the like. Believe only originals, not photocopies. Also do not agree to signing a preliminary agreement on the reservation of property rights. Don’t trust also loan agreements offered.
You can talk and warn endlessly, but unscrupulous developers and scammers also come up with new ways to deceive citizens. Do not neglect the advice and concerns of acquaintances or experts. If there is an opportunity to reduce your risks in shared construction, use each.
