10 Questions to Ask a Developer Before Signing a New-Build Contract

Buying a newly built property can offer modern amenities, energy efficiency, and lower maintenance costs. However, purchasing directly from a developer also involves certain risks. Asking the right questions before signing a contract can help buyers make informed decisions and avoid unpleasant surprises later.

Questions About the Project

Before committing, ask:

1. What is the estimated completion date?

2. Has the project experienced delays before?

3. What construction warranties are included?

4. Which finishes and features are included in the base price?

5. Are there additional fees not listed in the advertised price?

These questions can help clarify the true cost of ownership and provide insight into the developer's reliability.

Questions About Financial and Legal Protection

Buyers should also ask:

6. What is the payment schedule?

7. What happens if construction is delayed?

8. Can the developer make design changes after purchase?

9. Are there penalties for contract cancellation?

10. Can I review all project documentation before signing?

A reputable developer should be transparent and willing to provide detailed answers. Taking the time to review contracts carefully and seek legal advice when needed can prevent costly disputes and ensure greater peace of mind.