Sotheby's International Realty
- Rue de l'Eglise
- 73120 Courchevel 1850, France
- +33 4 79 08 34 73
Sotheby's International Realty
- 93 rue Saint François de Sales
- 74120 Megève, France
- +33 4 50 91 74 38
Sotheby's International Realty
- 222 rue des Jeux Olympiques
- 73550 Les Allues, France
- +33 9 70 71 99 95
Buying new in a resort: mistakes to avoid
Are you thinking of buying a residence or property in a new development in a ski resort? Find out below what mistakes to avoid in order to make a secure, well-informed investment. We present you with the essential aspects to take into account to invest in a property that will bring lasting added value to your assets!
Choosing the right real estate program
Before you invest in a new-build development in an Alpine ski resort, make a rigorous selection of your real estate project. This requires in-depth expertise to guarantee a solid and lasting investment. Rely on reputable, established real estate developers with proven expertise in building properties specifically adapted to mountain requirements. You'll avoid any risk of having to deal with a site abandonment or poor workmanship.
Construction excellence
A reliable developer guarantees the quality of the construction, finishing and equipment of your future property. The materials used must be of the highest quality to ensure the durability and solidity of the construction. Meticulous finishings, executed with precision and attention to detail, give living spaces a flawless aesthetic.
Equipment must meet the highest standards in terms of functionality, energy efficiency and advanced technology.
A strategic, sought-after location
The strategic location of a VEFA development is an essential criterion. Opt for prime locations, close to ski lifts, services and amenities, to maximize the property's value appreciation potential. During your site visit, consult the town hall to check that there are no nuisances.
Check warranties
To avoid the second most common mistake when buying a new ski resort development, take a close look at the guarantees offered by the developer. These provide invaluable protection against any construction defects or faulty workmanship. Here's an overview:
- The biennial warranty covers any problems with the functioning of the equipment delivered for a period of two years after acceptance of the work.
- The ten-year warranty covers damage that jeopardizes the solidity of the structure or its components and equipment. It applies for a period of ten years from acceptance of the work.
- Damage-work insurance is closely linked to the ten-year guarantee, and is activated in the event of a claim under this guarantee. It provides compensation to the purchaser, enabling him or her to finance the necessary work to bring the building up to standard.
- The sound insulation guarantee is valid for one year from the date of taking possession of the property.
- The guarantee of perfect completion assures the purchaser that his or her purchase will be completed and delivered, whatever the circumstances.
- The warranty for apparent defects and lack of conformity covers a period of 2 years.
Before concluding the purchase of your resort property, carefully examine the terms and conditions of the guarantees offered. Familiarize yourself with the specific clauses, any exclusions and the steps to take in the event of a problem.
Getting involved in site supervision
Keep an active eye on the construction site when buying a new ski program.
Proactive communication
To establish a relationship of trust and transparency with the developer, set up a fluid, regular communication channel. Keep up to date proactively on the progress of the work, construction stages and planned milestones. This will give you an overview of the project's progress and enable you to take appropriate action in the event of delays or deviations from the initial schedule.
Respect for construction stages
Each phase of construction contributes significantly to the final quality of your property. Pay particular attention to structural work, insulation and finishing touches, and make sure they are carried out in compliance with current building standards and agreed specifications.
Frequent site visits
Site inspections are useful in more ways than one. They allow you to closely observe construction details, verify the quality of materials used and supervise the meticulous execution of finishes. Take advantage of these opportunities to ask pertinent questions of the developer or those in charge of the site, to better understand the architectural choices, construction techniques and materials selected.
Be alert to potential defects on delivery
When you take delivery of your property, a thorough inspection is essential. Scrupulously check the condition of equipment, finishes, flooring and paintwork. If you find any defects, make a precise note of them in the acceptance report, with photographs to back up your remarks. Problems must be reported promptly on delivery. By acting quickly, you make it easier for the developer to deal with them. The "procès-verbal de réception" is a legal document certifying the initial condition of your property at the time of delivery.
To be on the safe side, enlist the help of an expert building professional. This rigorous documentation will be invaluable in the event of a dispute. In the latter case, have the outstanding balance deposited with a notary's office until the necessary work has been carried out.
To avoid common mistakes when buying a new development in a ski resort, follow these golden rules. The first is to contact recognized mountain real estate specialists. The second is to carefully analyze the guarantees offered by the project developer. The third requires active involvement on your part, or on the part of a representative, to monitor the site. The final tip is to be alert to potential defects on delivery, to protect your interests and ensure that your property is delivered in impeccable condition.