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Netanya is one of the largest cities in Israel. It has a convenient location in the center of the country, a huge line of beach, excellent climate and plenty of work. Due to this, the population of Netanya is growing very rapidly.
New residential buildings are constantly being constructed here. Recently, the city has become a leader in the number of buildings over 16 floors, surpassing Tel Aviv by almost 2 times.
Buying real estate in Netanya, people are increasingly choosing apartments in new buildings than deals on the secondary market.
New building in Israel is considered a building built no more than 1-3 years ago. Apartments in such buildings are better planned, and, as a rule, do not need to replace communications and major repairs.
Advantages of buying an apartment in a new building
Price
If you buy an apartment at the construction stage, you can save up to 10-20% of the cost of the object. The earlier the stage of construction – the lower the price. There are many new buildings under construction in Netanya, and there are plenty to choose from.
Modern layout
As mentioned above, apartments in new buildings have a good layout. A few decades ago, the main task of builders in Israel was to provide as many people as possible with housing in the shortest possible time. Little attention was paid to the layout, and now many of the solutions look ridiculous.
In new buildings there is no such problem. Everything is done according to modern standards, for the most comfortable living.
Modern communications
In a new home, you don’t have to worry that at any moment rusty pipes may burst or electricity may short circuit because of old wiring. Everything is safe and secure.
Good condition
Apartments in new buildings do not need to be renovated as in older houses. Again, savings.
Less legal problems
If you are the first owner of the apartment, you can be sure that it has no debts for utilities, it is not in arrest and is not mortgaged in the bank. In addition, it is much easier to draw up documents for a new apartment.
Disadvantages of buying an apartment in a new building
Price
If the house is already fully built, the price in a new building can be much higher than in an old house.
Timing of move-in
If you buy an apartment while the house is under construction, you will have to wait for the house to be commissioned. This could take months, or even years. Count on the fact that once you buy a property in an unfinished house, you won’t be able to use it right away.
Risks
Buying an unfinished home is always risky. If the developer delays the delivery date of the object, you can lose time, and if it goes bankrupt, then a lot of money.
To protect yourself, instruct your broker to check the reputation of the developer, and specify in the contract, what sanctions will be imposed on the company in case of delay in delivery of the object.
Results
As you can see, buying an apartment in a new building in Netanya, you can both save a large amount of money, and get excellent benefits, or find trouble.
Before buying real estate in any city in Israel, it is worth checking everything carefully and insure yourself against unpleasant accidents.
If you decide to buy an apartment in a new build house in Netanya – call now! We will find you a great apartment in a new building from a reliable builder, and fully assist you with the purchase.
