ᐅ Purchase the plot of land separately from the developer

Created on: 7 Sep 2015 22:40

Hello,
we are planning to buy a plot of land and a house.
We will purchase the land separately from the developer, who will then build the house on it.
What are the advantages and especially the disadvantages of this setup?
What should we pay attention to?

Thank you in advance!

Luxomax9 Sep 2015 20:41

#13

Unfortunately, this is offered as a package, and I can understand that the developer wants to make a profit from it... Is this setup common now?: land purchase agreement + architect contract + trade contractor contract.

Bieber08159 Sep 2015 22:27

#14

Luxomax schrieb:
Is this arrangement common now?

Usually, there are two scenarios: A) You own a plot of land and have a house built on it. In this case, you are the client and work with an architect or a main contractor (general contractor). Or B) You do not own the land but buy the land and house as a package. This is called a developer contract.

What your "developer" suggests is often referred to by notaries as "stay away from hidden developer models!" You can look this up and form your own opinion.

ᐅ Purchase the plot of land separately from the developer

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