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What to look for when deciding to buy New Build

06/12/2024
What to look for when deciding to buy New Build

#1 THE LOCATION: GOLDEN RULE IN REAL ESTATE


Location is the No. 1 criterion when selecting your ideal alpine ski property. Here's what to consider:
Renowned Resorts with Quality Ski Areas

Focus on a renowned resort that provides access to a large ski domain. Ideally, choose a dual-season ski resort like Châtel in the Portes du Soleil, located near the border of Switzerland. Resorts with extensive ski areas spanning several hundred kilometers ensure variety for visitors, whether they are staying for a single trip or visiting year after year. Resorts like these often invest heavily in infrastructure and offer vibrant villages with restaurants, shops, and activities that appeal to all ages.

Resorts with Year-Round Appeal

For long-term satisfaction and rental potential, seek a resort with character, where the village maintains a lively atmosphere all year round. Châtel's dual-season appeal, for instance, makes it ideal for enjoying outdoor activities like hiking, mountain biking, and cultural events during the summer. This year-round vibrancy means that facilities like restaurants and shops stay open longer, providing a genuine quality of life for residents and visitors.

Alternatives to Skiing

Modern vacationers appreciate diverse leisure activities beyond skiing. Resorts with aquatic centers, spas, ice rinks, or cinemas are highly attractive. Châtel, nestled in the Portes du Soleil, offers such a variety of activities, catering to those who wish to relax or explore alternatives to skiing. With the rise of teleworking, many buyers now seek alpine ski homes with breathtaking views and a tranquil environment, ensuring a perfect work-life balance in all seasons.

Easy Accessibility

Investing in a ski property should also consider accessibility. Ensure the resort is within 1.5 hours of an international airport and close to TGV train stations. This guarantees a steady flow of international visitors year-round, enhancing the value of your off-plan apartment or chalet investment.

Village Heart or Elevated Views?

Decide whether proximity to the village or snow-sure slopes is your priority. Walking distance to amenities like bakeries or après-ski bars is considered luxurious by many. Alternatively, properties slightly further out, on bus routes, may offer elevated views and additional privacy, making them equally desirable.


#2 NEW BUILD OR EXISTING PROPERTY?

While older chalets or apartments often come with charm, new build apartments and off-plan chalets offer significant advantages.

Energy Efficiency and Low Maintenance

New properties are built to the latest standards in thermal and sound insulation, which is particularly crucial in harsh alpine climates. Rising utility costs and stricter environmental regulations make energy-efficient homes, like those found in new developments in Châtel, a more sustainable choice. Additionally, off-plan apartments offer lower notary fees (2% versus 7% for older properties), and modern construction reduces the risk of hidden maintenance costs.

Scarcity and Value

With limited land available for development, new build apartments in Châtel Portes du Soleil are increasingly rare, ensuring their long-term value. Investing now means securing an asset that will likely appreciate as demand continues to grow.


#3 HIGH-END FINISHES & ADAPTED APARTMENT TYPOLOGY

Modern alpine buyers prioritize comfort and luxury. Whether it’s a new build apartment or a chalet, prioritize spacious layouts, large balconies, and premium features like underfloor heating, electric shutters, or private wellness areas. These elements cater to both personal enjoyment and rental market appeal.

Communal facilities like gyms or saunas can also be attractive, but properties near existing aquatic centers or wellness spas often balance luxury with lower maintenance costs.


#4 FISCAL ADVANTAGES AND VAT RECOVERY

Purchasing a new build alpine ski home opens up tax benefits, including the ability to reclaim 20% VAT on the purchase price if the property is rented out. Off-plan apartments in Châtel also qualify for other tax incentives, offering additional financial advantages for investors looking for a safe and secure investment.

A SECURED AND STAGGERED PAYMENT SCHEDULE

When purchasing a new-build mountain apartment, particularly off-plan (VEFA – Sale in Future State of Completion), payments are made incrementally as construction progresses. This legally regulated system ensures maximum security for buyers:

  • Initial Payment: A deposit is paid when signing the reservation agreement.
  • Subsequent Payments: Made at key construction milestones, such as laying foundations, completing walls, and finishing the roof.
  • Final Payment: Paid upon delivery of the completed property.
OPTIMISED BUDGET MANAGEMENT

This staggered payment approach allows buyers to spread costs over time, making financial management easier. It also reduces the stress of large upfront investments, unlike purchasing a resale property, which typically requires full payment at once.

This flexible and secure payment method makes acquiring a new mountain home more accessible and less financially burdensome for buyers.


#5 SELECTING THE RIGHT RENTAL AGENCY

Choose a rental agency that offers comprehensive management solutions and prioritizes international marketing. Agencies familiar with off-plan purchases can guide you in optimizing layouts to maximize future rental income.

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