When a home or project is marked as “Upcoming,” the house or project is currently in the planning stage. By registering your interest early, you will receive important information and can prepare for the upcoming sales launch. This may require you to register as an interested buyer with the developer or here on Bovision to secure your place.

Many construction companies register the date your expression of interest is received, which determines your queue position when sales officially begin. However, this may vary from project to project.

Once preparations are complete, the sales launch approaches. It is not uncommon for a so-called VIP sales launch to take place.

Make sure to register your interest as early as possible to stay informed about when the sales launch is planned.

The sales launch may take place at the real estate agent’s office or another designated location. Contact the responsible agent for details on how to proceed with your purchase. You should also contact your bank at an early stage to review your financial situation.

Once you have found your future dream home, you will meet with a real estate agent or sales representative to sign a purchase agreement for the plot where your house will be built. This agreement ensures that you also commit to hiring the specific building contractor chosen by the developer to construct the house.

The agreement also contains important conditions that must be fulfilled for the purchase to proceed, such as building permits being granted and financing being secured. Your purchase agreement becomes legally binding only when all conditions have been met.

Next, you will sign a construction agreement governing the terms for building the house. The real estate agent is not responsible for this agreement; instead, you will meet directly with a representative from the house supplier or construction company.

A newly built house can be financed in different ways depending on the agreement between the plot buyer and the house supplier. The most common method is a construction loan (building credit facility) from the bank chosen by the buyer.

The interest rate on a construction loan is typically higher than on a traditional mortgage, as the bank assumes greater risk while the house is under construction.

Payments are made in stages according to a predetermined payment schedule, often referred to as a “drawdown plan.” This plan, which forms part of the construction agreement, specifies when and how much you must pay based on the progress of the construction. Once the house is fully completed, the construction loan is converted into a standard mortgage.

In many cases, you will have the opportunity to influence large parts of the interior design and layout of your new home. Contact the agent or sales representative for information about available options and associated costs.

Before you move in, a formal inspection is carried out by an independent inspector to ensure the house has been built to professional standards. You will attend the inspection together with a representative from the house supplier.

The warranty period is usually two years. At that time, a follow-up inspection is normally conducted, giving you the opportunity to report any defects or issues that may have arisen during the warranty period.

The developer will apply for a final approval certificate from the municipality. You may only move in once this certificate has been granted.

When it is time for access, you receive the keys and can move into your new home.

The wait can feel long while your newly built home takes shape, but moving into a brand-new house where you have made your own personal choices is truly worth it.

This guide helps you understand the process from start to finish and makes your journey toward a new home as smooth as possible.