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Investing in a dream
home
Investing in any new villa requires the assistance of a lawyer. Now the market for new
villas as becoming more frequent with small-scale developments of 6 villa to 20
villa complexes and upwards. These villa developments are on offer throughout Greece.
Many of these developments lack a basic facility for a holiday home, which is a
garage area, that a holiday car can be safety locked away when not in use an
area of off road parking is usually designed into the scheme. So when planning
to purchase a holiday home from a developer an additional expense may come from
building a garage area within the villa grounds for converting the caring space
into a garage.
These development can come in the form of terraced Marionettes offering small 80 to 90 m2 buildings with 2 bedrooms although theses are reality small and compact
these types are ideal for a holiday home additional swimming pools can be
added. The garden areas are usually quite small if within a village plan
gardens outside the village plan can be larger. The tendency for these
properties is to have a flat roof had can be used as an extra room on top of
the building a pleasant oasis of a roof garden can be easily created. Under
investigation form, the engineers that built the project a hot tub Jacuzzi
could be installed.
Larger holiday
and retirement scheme in Greece with mixed facilities, are coming into the
market these schemes have a mixed residential types from detached villas with
swimming pools, terraced villas, marionettes, and apartments. It is not uncommon
today to have a communal swimming pool shared may the residents. Children's
play areas offer additional attraction.
These mixed residential scheme offer the ideal clubshare properties, that range from 1, 2 apartments, 3 bedroom semi detached villas to 4 bedroom villas.
The last main category is new detached villas for the up market price bracket. Developers are rapidly accommodation the influx of the individuals tastes for the luxury villa
market.
Villas can come in all forms from 2 to 6 bedrooms with private gardens and swimming pools. These
type
types of properties are referred to as turnkey meaning that you are able to
walk straight in and live.
Any new villa has a guarantee issued from the builder that under a contract if the building fails
in any way then the builder is responsible to make the repairs to reinstate the
building to the original specifications. This can be part of the purchasing
contract that must be added to the folder of the property that can in the event
that a mortgage is taken out then the lender has a guarantee that the building
in the event that a problem arises has the means to take action against the builder
to reinstate the property. These guarantees usually covers all the aspects to
the buildings structure, roof, foundations, theses guarantee do not cover
accidental accidents within the home this is covered by a household insurance
cover.
When purchasing a villa it is advisable to take out an independent structural and building survey
by another engineer or architect to establish that the building has the correct
structural requirements under the law. This report shall determine if any
issues or a snagging list can be produced to complete the purchase. In the
event that a snagging list is produced by a indents observer then under the
purchasing agreement this list must be completed before the final transaction
is completed this can form part of the pre-contract that should be completed
before the main contract to purchase is performed. An individual snagging list
should be complied by the purchaser for your total satisfaction. In the event
that these lists are not completed then monies should be retained.
When a property have been built outside or inside the village plan it is well to note
that under the planning laws a building can be built around an existing
property. Therefore, if you have purchased a property with a sea view it is
well to visit the local town hall to clarify whether any applications have been
submitted or could be submitted to build another property close by. Another
area is if the local Municipality have plans to build or extend any roads close
or though the property in the future.
Greek Property Society Gouves Gournes Kokkini Hani Crete
Property in Perfect locations checkout member website greekpropertysociety.com
Greek Property Society - Gouves Crete E - mail greekproperty@crete
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