Standard co-ownership format: All you need to know
By choosing to purchase in a new build apartment complex in co-ownership format, you will have exclusive use of an apartment which meets all the latest technical, thermic and environmental standards and you will be protecting yourself from the inherent concerns of an old property (major renovation work, hidden faults, inferior insulation … ). You will benefit from the common parts and landscaped grounds which are amongst the many areas of which you will have use without having to maintain them yourself. You will be doubly protected by the co-ownership regulations which set out the precise rules for the building and its occupants and by the presence of a complex manager, who will manage everything.
Standard co-ownership format: choosing freedom
Owning your property 100%, you are free to occupy it all year round, to let it or to make it available to your friends and family. You can organise the interior as you like and decide on any improvement work in your own time. And should you feel one day like investing or living elsewhere, you are free to let or sell it either for additional regular income or to provide a more substantial deposit.
Standard co-ownership format: choosing peace of mind
Specific operating rules
The reference document, the co-ownership complex regulations, defines the conditions for life in the complex and sets the basis for living comfortably together. It lays out the rules and measures which must be followed by all the co-owners. It defines exactly the private areas, for the exclusive use of their owners and the common parts, shared by everyone. And on this basis it defines the part share of each of the owners for a fair division of the complex’s running costs. Putting the principles and rules into words in this way, enables many of the conflicts between occupants of the complex to be avoided.
A dedicated manager
Whether they are a non-professional, an independent professional complex manager or a property service organisation, the complex manager plays a part in the smooth running of the complex by managing the good relations between co-owners, the smooth running of the installations and the regular maintenance of the building, which enables its longevity and value to be assured. Their presence relieves the co-owners of having to manage the works in the building or work out the annual expenditure themselves.
Standard co-ownership format, it’s even better with MGM
Thanks to the quality of the positions and the savoir-faire of MGM Constructeur, you add directly to the value of your assets. Furthermore, because areas in the mountains where building is permitted are becoming increasingly rare, you can be sure of a sound and lucrative investment which you can pass on.
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You will be supported by a dedicated advisor from reservation to handover, in your search for funding, the steps to be taken with the notary and in monitoring the progress of the construction work.
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You will be buying a high-end property with original and contemporary architecture, spacious well laid out volumes, embellished with classic materials and sophisticated finishes. Fixtures and fittings (equipped kitchen and bathrooms) and landscaped grounds further add to the value of your property. In this way, you will enjoy an appreciating asset to pass on.
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You will benefit from carefully chosen, rare positions, thanks to our knowledge of Savoie. Lakeside or mountainside, you will benefit from a privileged location, much sought after by holidaymakers, to live in all year round or, if you like, to let.
Details of the related practical documents:
