How to choose the perfect builder when buying a home? - AyC Blue Days
It's AyC Blue Days! The annual event where we bring you information to learn more about real estate in Colombia. In our first session we talked about how to choose the perfect builder when buying a home; here's a summary of the talk so you can relive the moments and review this important topic.
Table of contents
How to choose a safe, reliable builder for the purchase of my new home
Minimum requirements to consider when choosing a builder
The builder's track record
How many projects the builder has developed
Cities where it has developed real estate projects
Timely delivery of projects
What backing the builder has
Project quality
Remember these 4 key aspects when choosing a real estate project
The first topic of our educational talks on buying a new home in Colombia was How to choose the perfect builder when buying a home, led by Natalia Ramírez, Brand, Public Relations and Content Manager at La Haus, and Fabián Zuluaga, Project Structuring Manager at Arquitectura y Concreto.
You can watch the full session on our YouTube channel. Here's the video so you can watch it, plus our additional notes so you can review the content and not forget the most important points.
How to choose a safe, reliable builder for the purchase of my new home
Choosing a safe builder for the purchase of our new home is, to a large extent, the most important part of the process. It determines, first, that our money is safe and, second, that the result is what we expect: buying the new apartment or house.
Several points to keep in mind were covered in the talk; here we summarize them and expand a bit on the most important ones so you can review them as many times as you need.
Minimum requirements to consider when choosing a builder
Every builder must meet a series of requirements to carry out a project. Here we highlight the minimum ones they must meet and that you should check before starting to buy into the project.
The builder's track record
A builder's track record is important. Knowing how long it has been in the market speaks to its experience, solidity and reliability. So don't forget to consider this point when choosing the perfect builder for the purchase of your new home.
How many projects the builder has developed
It's important that the builder has developed a significant number of real estate projects relative to its track record. This builds confidence, knowing that many people back its work.
In our case, Arquitectura y Concreto has developed more than 400 real estate projects across the country, including shopping centers, hotels, entertainment centers, villas, apartments and houses, demonstrating sustained and consistent growth.
Other points to keep in mind are:
Cities where it has developed real estate projects
Timely delivery of projects
What backing the builder has
Project quality
Building permits
It's essential that the project has building permits from the local authority and that the builder owns the lot. We recommend looking into the legal aspects: the certificate of title, whether the builder already owns the lot, which bank is backing the project, and whether title studies have been carried out confirming that the property or lot is free for real estate development.
It's also important to know whether the project's building permit is active or still being processed. These points are fundamental from a legal standpoint for a builder to be able to develop the real estate project.
Backing from a trust company
Make sure the project is backed by a trust company; this way buyers can feel secure about their investment thanks to the trust company safeguarding their money until the project reaches its break-even point. If you'd like to know more, we invite you to read more about
After-sales service
After-sales service is important: the finishes should be good and delivered as promised in the contract.
Green building certification
Green building certification processes: banks offer better loans to projects with environmental sustainability certifications. This speaks to the solidity of a construction company.
To conclude, we want you to take away these 5 points as a summary. We know it's a lot of information to keep in mind, but it has a purpose: to help you make the dream of owning a home come true with complete security throughout the process of buying your new home.
Remember that the project must:
Declare a commercial break-even point
Have a bank guaranteeing the construction and providing the construction loan to start the project
Own the lot
Have a building permit and licenses
Be backed by a trust company
Arquitectura y Concreto gives you peace of mind in every building. In every project we make sure we meet all quality requirements and standards with a single purpose: that you have the confidence and security of buying your new home from a serious, expert builder with a solid track record.
We invite you to check out the content from the AyC Blue Daystalks. Relive every moment and review the most important lessons to learn more about real estate in Colombia with our #HousingExperts.