What is a shared construction. Advantages and disadvantages of shared construction

Risks in shared construction, of course, are available, but this does not mean that we should neglect such an opportunity to purchase our own square meters. In addition, due to the fact that today such a complicated situation has developed in the country, it will be a good way to save your savings. After all, real estate is one of the safest and most profitable types of investment. Especially since shared construction has not only drawbacks, but also a very attractive advantage!

Shared construction is ...

The fact that today many Russians decide to purchase real estate through a share construction program is not at all surprising. After all, the economic situation in the country leaves much to be desired, and the risk of default is getting closer. In simple terms, shared construction is a type of construction in which a developer, in order to realize his project, attracts the funds of individuals who subsequently become full owners of their own apartments in this house. It is worth noting that it is these funds that are used for construction work. The benefit of this is clear enough. The developer does not use the loan to implement the project, and the participant in the shared construction acquires his legal square meters at a fairly low cost and has the opportunity to pay the cost to the end of the construction. Unfortunately, cases of fraud are very frequent in our country, so many do not risk contacting such programs. But for those citizens who do not have large sums to purchase housing, this method is the most profitable. In principle, it can be quite safe if the participant in the shared construction will observe some precautionary measures. For example: check the availability of necessary documentation from the developer, building permit, license and more.

How to buy an apartment in a block of flats

In the face of ever-rising real estate prices in our country, shared construction is a very profitable way of acquiring housing. After all, after the project is fully realized, the apartments in it significantly increase in price. In order to buy property using such an investment tool, it is necessary to conclude a special agreement between the developer and the client. As already mentioned above, before you start cooperation with a certain developer, you need to check all the necessary documents that confirm the legality of his work. Do not forget that we are talking about large amounts of money and that the risk in their transfer is very high. It is worth paying attention to how many houses this developer has already built, as well as for the presence of problems during the implementation of previous projects.

Many companies often use a new legal entity to build a new home. It is very important to check who exactly is its founders. And do not forget that real estate should be like. Participants in shared construction are often disappointed after they are settled on the purchased square meters. Most often this is due precisely to the fact that the owners did not pay enough attention to such trifles as the infrastructure. It is important to pay attention to its availability in the vicinity: a kindergarten, a store, a bank branch, a polyclinic, parking and others.

Documents required for the conclusion of the contract

Due to the fact that often there is not enough money to buy an apartment, many choose the purchase of square meters with the help of such an investment tool as share building. Documents that are provided by the selected developer, must be carefully checked. This list must necessarily include: a permit for development, project documentation, a lease or ownership of a land plot, state registration and constituent papers. "Underwater stones" in the preparation of the contract is quite a lot. First of all, the share agreement (DDU) must contain the exact postal address. If it is not defined, then it is necessary to check the availability of the temporarily assigned address, and in the future to check the additional annex to the contract with signatures and seals.

The complexity of the DDU lies in the fact that there is not one single true pattern, since the objects and conditions of construction are often different. But the main points, as a rule, are unchanged everywhere. Obligatory paragraphs of such a document should be: a detailed description of the acquired object, the terms of execution and responsibility for their non-fulfillment, the rights and obligations of the parties, the list of force majeure, as well as the conditions and procedure for early termination, etc. The list of necessary items is long enough. Often, the DDU contains several pages. Before signing an important document, you must re-read all the conditions. And it's best to ask a lawyer for help. In this case, the risks will be minimal.

Features of mortgage registration

A few years ago, it was impossible to make out a mortgage for the purchase of real estate with the help of equity participation. But already today almost every bank offers such a service. The procedure for obtaining a mortgage loan for shared construction is significantly different from the design of the same contract for ready-made housing. First of all, it is necessary to conclude an agreement with the developer. All the subtleties of this operation were mentioned above. But still need to pay attention to information about the object, the value of real estate, for the period and procedure for payment, guarantees for the construction site, the plan and area of the premises, the term of the transfer of real estate. In mandatory order, the bank will require notarized documents on the consent of the spouse (if any) and guardianship authorities (when carrying out a transaction involving the property of minors). The contract is compulsory in the state registration authorities. This usually takes no more than a month for one participant. After the document is fully ready, you need to contact the bank. Further processing of securities may significantly differ, depending on the chosen credit institution. The interest rate, the package of documents, the requirements for pledge, etc. - all this can vary significantly. The only thing that absolutely every bank requires is comprehensive mortgage insurance.

Assignment of rights

Quite often there is a need to resell housing under construction. Such a procedure is called "assignment of shared construction" or "assignment of right of claim". This scheme can be implemented even before the constructed building enters the operation mode and the title documents for the living space will be obtained. The owner, who has concluded the contract with the developer, can at any time resell to another individual his right to receive real estate, after the construction is completed. It is important to note that any such transaction will necessarily be taxed. Its payment under the law is assigned to the first investor. Although in the bidding process you can shift this duty to the shoulders of the new shareholder. But it should be borne in mind that the amount of tax is calculated from the entire amount of the transaction, and not from the difference between the amount of investment and the size of the assignment. Acquisition of real estate under contracts of assignment is always relevant, as it is incredibly beneficial for most investors.

Equally equity or joint ownership?

Most often, young families are being chosen to purchase new properties. For this reason, the shared construction object is not only chosen jointly with the spouse, it is also decided together which type of contract is to be concluded. Under the concept of joint ownership it is meant that when a divorce property will be divided equally, that is, in equal shares between its owners. This is due to the fact that the agreement does not specify certain conditions. Instead of a spouse, a relative or any outsider may act, which will be included in this agreement. If, on the other hand, a single-share agreement is concluded, then according to its rules, every owner of a certain part of the property can dispose of it at his own discretion. The only restriction is that the first right of purchase belongs to the second share participant. And, for example, when divorcing real estate will not be divided, because it is divided in advance between the owners.

Payment

As for the payment for this service, there are many options. On how much the initial contribution will be, the cost of the living space as a whole, as well as the conditions under which the payments will be made, will depend. For example, if you make the full amount within three working days, the client receives a discount from the developer from each square meter of real estate. Otherwise, the contract is settled at the agreed time, and the cost prescribed initially can not be changed, even under the pressure of inflation or simply in the process of construction. The advantages of paying the cost of an apartment in installments is that even if they have a small amount, the participant can solve his "housing issue". At the same time, housing can be chosen with all the wishes of the client, starting with the number of square meters and ending with the characteristics and terms of its receipt in the property. In addition, thanks to small monthly payments, a share participant can successfully control his budget.

Pros and Cons of Equity

The main advantage of acquiring real estate with equity participation is low cost. Buying a house under construction, you can save very well. For the current situation in the country this is a significant plus. In addition, the transaction can be concluded directly in the national currency. Speaking of the disadvantages, first of all I want to say that when a share agreement is drawn up, the client buys not an apartment, but only the right to demand this living space from the developer. Unfortunately, the market is arranged in such a way that the probability of getting your property on time is extremely low. And the number of scammers is quite large. Therefore, it is necessary to be very careful about the choice of the builder and the processing of documents. Well and if there are questions on which it is difficult to answer independently, it is better to address for the help to the skilled expert. The shared construction of apartment buildings will always be popular in the real estate market.