We at Homes Jordan are used to talking about the largest real estate list in Amman, which includes all types of properties for sale and rent in the best and most prestigious areas of Amman.
In this article, we will talk about a different kind of real estate, which is real estate under construction, where we will talk in detail about the stages of real estate construction and the advantages of selling real estate under construction to the investor and the buyer.
It is a new property that has not yet been completed and is in a stage of real estate construction. One of the most important characteristics of the property under construction for the real estate developer is the possibility of selling it and reinvesting the capital, in return the client can buy the property under construction at a reduced price.
The property goes through specific successive stages in order during the construction period as follows:
1. Preparation stage: This is done by preparing the plot of land on which the construction will be carried out, cleaning it, digging it, and laying the foundations, all according to the dimensions specified on the plan.
2. Concrete stage: The most important foundation stage of the construction stages, as it is relied upon in all construction works, and the foundations and structure are laid in it.
3. Water foundation extension stage: This includes extending the main water pipelines and water pumps, in addition to sewage lines, rainwater drainage lines, and extending the bathroom and kitchen lines.
4. Water and thermal insulation stage: This is done by isolating the foundations and ground bridges from water to prevent cracks and fissures, while thermal insulation is done to reduce the consumption of electrical energy.
5. Brickwork stage: This is the stage of building the building walls using bricks.
6. Plastering stage: This is the stage of covering the ceilings and walls with thick materials to prepare the building for the finishing stages.
7. Electrical works stage: This is a very important stage for establishing electrical extensions inside walls, preferably for various types of electricity, lighting, etc., in addition to installing electrical switches, monitoring and alarm systems, etc.
8. Tile installation stage: This is the stage in which tiles are installed in all rooms and building facilities.
9. Carpentry and wood stage: This is the stage in which interior doors and main accessories that require wood such as door frames are installed.
10. Wall painting stage: This is the final stage of the construction stages.
● Exterior and interior design plans are the foundational stages before starting construction and are very important matters that must be agreed upon before starting construction work, as they limit the occurrence of errors to the maximum extent, and the interior design can be modified based on the buyer's request before completing construction.
● Knowing the stages of the property is important to assess the real price of the property if a property is advertised for sale under construction, as the price of the property under construction varies according to the stage it is in.
Selling a property while it is under construction is an opportunity for investors to increase capital! This is because there is a sufficient period until the delivery date, during which the investor reinvests the capital and starts constructing new properties. Since the prices of properties in the under-construction stage are lower than compared to the ready properties, it is an opportunity for investors to attract potential customers and buy the property.
Selling a property while it is under construction is an opportunity for investors to increase capital! This is because there is a sufficient period until the delivery date, during which the investor reinvests the capital and starts constructing new properties.
Because the prices of properties in the under-construction stage are lower than compared to the ready properties, it is an opportunity for investors to attract potential customers and buy the property.
Many clients prefer to search for under-construction properties to buy them at a reasonable price compared to ready properties, and they will also have the freedom to make changes and modifications to the final finishes of the property based on their desire to meet their requirements.
The contract for the sale of a property under construction differs from the contract for the sale of a regular property and has many characteristics and advantages. We will talk about the types of contracts for real estate under construction from a legal perspective:
● A contract for the sale of a property under construction is a binding consensual contract: This contract is based on the consent of the two parties, the seller and the buyer, and obligates both parties to fulfill their obligations.
The buyer is obligated to pay the full amount of the property, and the seller is obligated to complete the construction of the property as agreed upon in the contract on the specified date.
● A contract for the sale of a property under construction is a contract of exchange: Both parties receive consideration for what they provide.
The buyer receives the property in exchange for the price he provides, and the seller takes the price in exchange for completing the construction, delivering the property, and transferring ownership.
● A fixed-term contract: It is a contract with a specific term that is agreed upon at the time of contracting, and the seller is obligated to complete and deliver the property on the specified date agreed upon.
● Real estate contract for a non-existent property, which may exist in the future: Here is the main point of difference between a contract for the sale of a regular property and a contract for the sale of a property under construction, where the subject of the contract is a building that does not exist or has not yet been completed, the sale can be future provided that it is realized.
● Contract for transfer of ownership: There is no sale without transfer of ownership, once the construction is completed the contract is binding and each party is bound by his obligations towards the other, the seller is bound to transfer ownership of the property to the buyer.
The Homes Real Estate's list includes many properties of different categories, some of which are under construction. The following list includes the most important properties under construction in different areas of Amman:
Villas under construction for sale in Amman
Residential buildings under construction for sale in Amman
Commercial complexes under construction for sale in Amman
Showrooms under construction for sale in Amman
Apartments under construction for sale in Dabouq
Villas under construction for sale in Dabouq
Residential buildings under construction for sale in Dabouq
Commercial complexes under construction for sale in Dabouq
Showrooms under construction for sale in Dabouq
Apartments under construction for sale in Abdoun
Villas under construction for sale in Abdoun
Residential buildings under construction for sale in Abdoun
Commercial complexes under construction for sale in Abdoun
Showrooms under construction for sale in Abdoun
Apartments under construction for sale in Khalda
Villas under construction for sale in Khalda
Residential buildings under construction for sale in Khalda
Commercial complexes under construction for sale in Khalda
Showrooms under construction for sale in Khalda
Apartments under construction for sale in Thuhair
Villas under construction for sale in Thuhair
Residential buildings under construction for sale in Thuhair
Commercial complexes under construction for sale in Thuhair
Showrooms under construction for sale in Thuhair
Apartments under construction for sale in Dair Ghbar
Villas under construction for sale in Dair Ghbar
Residential buildings under construction for sale in Dair Ghbar
Commercial complexes under construction for sale in Dair Ghbar
Showrooms under construction for sale in Dair Ghbar
Apartments under construction for sale in Um Uthaina
Villas under construction for sale in Um Uthaina
Residential buildings under construction for sale in Um Uthaina
Commercial complexes under construction for sale in Um Uthaina
Showrooms under construction for sale in Um Uthaina
When we talk about the Homes Jordan Real Estate's list, we emphasize its comprehensiveness for all types of properties, including properties under construction, in addition to legal, engineering, and real estate advisory services that guide the client to make the right decisions to find the right property and avoid any legal pitfalls when purchasing the property.