You want to buy a home and become a homeowner, but you are still hesitating between old apartments (cheaper to buy) and offers from developers, allowing you to access newly built homes. Here are some reasons why you should opt for purchasing a new property in Luxembourg.
You will spend more at first, but you will gain in serenity in the long term!
Benefit from Top-end Services and Imagine a Tailor-Made Home
By betting on new real estate for your future acquisition, you are theoretically going through a real estate developer in Luxembourg. This one will propose you many possible customizations for your future home: you will be able to choose the layout, the services, as well as the decoration! For example, you will have the freedom to choose ceramic tiles or any other type of flooring for the shower rooms, to request laminate flooring in the living rooms, to furnish a kitchen to your taste or to select the equipment of your bathroom (basin unit, Italian shower, towel warmer, etc.).
Peace of Mind Guaranteed with the Ten-Year Warrantee, Valid for All New Properties in Luxembourg
You have to know that if you buy a new property in Luxembourg, that property comes with a ten-year warranteewhich, as its name suggests, remains valid for 10 years after the end of the construction works. In practical terms, you benefit from an advantageous protection against possible defects. For example, in the event of a humidity issue that could affect the solidity of the building, the insurer will take over and finance the works required to secure the building.
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Reduce Costs Through Tax and Notarial Benefits
In order to encourage as much as possible future buyers to buy new in Luxembourg, the Grand Duchy provides for a reduced VAT ratefor all new properties: 3% for main residence purchases. Be careful though, if you buy to rent, in this case the VAT rate that applies is 17%. But whether you wish to live in or to rent the property, in both cases you benefit from lower rates at the notary’s office, thanks to a reduction in registration fees.
Choose Energy-Efficient Housing and Save Money in the Long Term
By browsing through the various new developments, you can find prestigious real estate properties in Luxembourg City, for example. Indeed, many developers create high-end residences, both in terms of architecture and services offered. And to top it all off, these properties are popular because of their low energy consumption.
Indeed, since 1 January 2017, all new buildings in the Grand Duchy must meet the requirements of the AAA efficiency class. They are perfectly insulatedand allow you to heat without consuming a lot of energy. The information shown on the energy pass will help you to plan ahead: you will see that every year you will spend much less on electricity or gas than if you choose an old building.
“All new buildings in the Grand Duchy must meet the requirements of the AAA efficiency class.”
The advantages of buying new real estate in Luxembourg are numerous and clearly perceptible: many do not hesitate to borrow more money and consider a longer creditin order to offer themselves this comfort!