If we want to fulfil our dream of building a prefabricated or modular house, we must know that we need a plot of land to build our house. The question is: Where to build my house?
In Buildlovers, we have the method!
If we do not have our own resources to be able to build our home, we will need financing. Our first action will be to plan our financing needs.
The financial product for the construction of our prefabricated or modular house is the autopromotors mortgage. (if you want to know more click here here)
Once we are clear about the planning of our project and its financial viability, we can start looking for a location. Where do I build my house?
The plot or land must meet one essential requirement. In order for construction with a self-build mortgage to be viable: It must be classified as urban land.
The first alternative to search are the real estate marketplaces ( idealista, habitaclia, fotocasa…) or long web pages like (Altamira RE, Aliseda RE, Haya RE o Servihabitat…).
The problem with these product sources is a lack of organization and specialization in this type of product. In many cases we will have to make several filters to be able to extract plots or land that can be used to build our house.
At Buildlovers we know how difficult it is to get your dream plot. For this reason we are working on a specialized and agile marketplace for the search and selection of plots. Simplify the buying and selling processes to make it easier and digital.
Each plot or land has an urban qualification.
This qualification defines the parameters for building on it:
The place where we can find all the information regarding the plot is the Town Planning Department of the Town Hall to which the plot belongs.
It must be taken into account that due to the location, urbanization or zone, each plot may have a different urbanistic file (minimum surface, occupation, m² …).
Don’t worry, BuildLovers will be with you every step of the way. When you have visualized your plot, we will get you all the information and data you need to make the best decision.
For the purchase and sale of the plot we will have to assume the following expenses and taxes together with the purchase price.
Depending on whether the seller is an individual or a legal entity (with real estate activity).
Documented legal acts (AJD) will depend on the Autonomous Community where the purchase/sale takes place (from 0.5% to 1.5% of the purchase/sale value).
Notary (to make the title deed) depending on the amount, number of pages… approximately between 700€ and 1000€, Land Registry to register the title deed 250€/450€ and finally the Gestoría that will take care of all the formalities before the Land Registry and payment of taxes in the different public bodies.
Once we have acquired the land, we will most likely have to adapt the land to build our house.
This is called “land clearing”. With the topographic and geotechnical studies, the earthworks – foundations can be started. To later start the industrialized construction actions, either prefabricated or modular.
The cost will depend on the topography of the plot. Don’t worry about the cost, the Buildlovers technical team will anticipate it so that you have the information and can make the best decision.
The price will depend on different aspects: location, constructive capacity, physiognomy….
It is always good to have several alternatives, and depending on the costs of adequacy and foundation, choose the option that best suits our financial-economic situation.
At Buildlovers we will help you find the land that best suits your needs and possibilities.
If you do not have the necessary resources for the sale and purchase, you can opt for different financing options.
With a personal loan or with a mortgage, these are the 2 alternatives to be able to buy and sell your plot or land.
With a personal loan, the amount we will be granted will depend on our borrowing capacity in relation to our monthly income.
This option is viable when the cost of the plot is not very high.
With a mortgage, the amount that can be granted by the bank for the acquisition of land will be between 60% and 80% as a maximum of the deeded purchase value and will vary depending on the bank and its financing policy for this type of property. It will always be necessary to take into account our capacity of indebtedness to know the amount that will be granted to us.
As for the terms, in personal loans we cannot have more than 10 years (120 months) and in mortgages between 15 and 20 years.
At Buildlovers, we will study your financial situation so that you can make the best decision and get not only the purchase of your plot but also the realization of your complete project with the construction of your house.
