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The Importance of the Final Works Certificate when Buying a New Home
In the exciting world of real estate investment, purchasing a newly constructed home is a unique experience. If your destination of choice is the beautiful Marbella, this decision becomes even more thrilling. However, to ensure that your investment is secure and hassle-free, it is crucial to understand a key element in this process: the Final Works Certificate (FWC).
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What is an FWC, and why is it relevant?
The Final Works Certificate (FWC) is a critical document in the process of buying a new construction home. Essentially, the FWC certifies that the construction of a home has been carried out in accordance with the approved project and the relevant permits. This document is of vital importance as it allows you to obtain the certificate of habitability and the first occupancy certificate from the municipality, which is an essential step to enjoy your new home without legal concerns.
Furthermore, the FWC plays a crucial role in preventing illegal renovations, ensuring that the property complies with regulations and avoiding it being considered an unlicensed renovation. This means that, as a buyer, you can be confident that the property is legal and meets quality standards.
When do you need an FWC?
The need for an FWC is clear in three situations:
Real Estate Developer: If you are involved in building homes with the intention of selling them. Private
Builder: When you decide to construct your own home or a property you plan to sell later.
Licensed Renovations: When you undertake a renovation that requires a construction license. Regardless of your situation, having an FWC is essential to protect your investment and ensure your property complies with legal requirements.
Who should sign the FWC?
In the process of obtaining an FWC, it is important that the document is signed by several key parties. This includes the developer or owner of the construction, the builder, and preferably, the project manager for subsequent review.
Additionally, the FWC must be endorsed by the relevant architectural association. This step is crucial to ensure the legality and quality of the construction. Furthermore, the energy efficiency certificate of the property must also be endorsed, enabling the property to be sold or rented properly in the future.
The Importance of the Final Works Certificate
The FWC is not just a mere formality; it is a document that marks the beginning of warranty and repair periods for a newly constructed home. This aspect is of great importance to new homeowners as it ensures that, in case of issues, they have a solid legal foundation to seek solutions.
When the FWC is issued without reservations, it means that the construction has been carried out without faults or defects, in accordance with the terms of the construction contract. Warranty periods vary depending on the type of defects: one year for finishing issues, three years for those affecting habitability, and ten years for issues jeopardizing the building’s structure.
Requirements for an FWC
To obtain the FWC, you must meet certain requirements that ensure the safety and quality of the construction. These requirements include:
Compliance with construction guarantees: Both the developer and the project manager, along with all professionals involved, have a ten-year civil liability for damages caused by construction defects. This provides solid protection for homeowners.
Energy Efficiency Certificate: Without exception, the property must have this certificate, which ensures the energy efficiency of the building and is essential for future sale or rental transactions.
Building Book: This document compiles detailed information about the construction and its operation. It must include details of the key individuals involved in the construction, such as the developer, builder, chief architect, and electrical and water service installers.
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In the thrilling world of real estate investment, the Final Works Certificate stands as an essential ally for those seeking to acquire a new construction home. This document ensures the legality, quality, and safety of your investment, providing peace of mind in an already exciting process. The FWC is not just a formality; it is the key that opens the doors to your new home, assuring you that you meet all legal requirements and construction standards. With an FWC in hand, you can anticipate a future filled with unforgettable moments in your dream home.
