1 plot for 2: an economical solution to build
If buying two is better, buy four should be downright interesting! Nevertheless, when two couples buy together a large piece of land to build terraced houses, several questions arise: under what regime can they organize this new and common construction ? What are the advantages and disadvantages of regulatory opportunities? The answers are here.
Buying a land for two to build each house is it as advantageous as it seems? What means exist to buy land and build terraced houses? How to divide the land into two separate properties? We answer your questions.
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Buy a land for two, what interest?
With regard to the terrain for to build a home, the benefit is rarely financial. Land is not a product like any other, and the concept of "wholesale price" does not play when a landlord sells a larger amount of square meters. In addition, the notary fees being proportional to the cost of the operation, there is also no benefit to be expected from this side. Without doubt, connection fees to the networks will be lower, but the savings will not be significant compared to the investment of the land purchase and the construction of the house. On the other hand, a large building plot is less easy to find than a small area; it is therefore easier to find one. This is certainly the main interest of the operation.
As for the construction of the house, it is clear that two semi-detached houses are more economical than two independent houses. A single volume is indeed easier to isolate and especially to heat : less surface in contact with the outside, it is less transfers and losses of calories. A up to 35% gain according to the experts. If you think about this solution, and whatever the legal form envisaged, consider that, to achieve such a two-man operation, you must choose your partner because conflicts are not impossible.
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The division of the property
It is possible to plan from the beginning to divide the large lot into two separate properties. From the pre-contract, sign two promises of sale with the seller : one for each plot. The owner finds his interest because he will sell at once his large lot, without having to divide it into two lots for sale separately. In pre-contracts, plan a condition precedent for the building permit. It is indeed essential to ensure that the construction of semi-detached houses and the living space comply with the provisions of the PLU (Local Urban Plan).
Then have a surveyor conduct a survey that divide the land into two parcels, then meet the notary who will realize both sales. Two separate properties are created and you can build your terraced house.
Other mounting possible: create a condominium. Initially, you buy the land for two and build the double house. You then establish a condominium that, although horizontal, will have to meet the regulations. For this, you will need to call a surveyor who will measure the property and its division into lots, then you will pass before the notary. The condominium will include two private areas (both dwellings) and a common part, the land, but also the building, which will be considered as a single entity (the load-bearing walls, the roof). This will be the object of the descriptive state of division.
The co-ownership regulations may establish the exclusive use of half a lot each and the operating rules of the whole. You will be at home in the housing, but you will remain dependent on the agreement of your co-owner for decision-making: roof repairs or renovation for example. The expenses will be borne by both co-owners.
Two "risky" solutions: Indivision and SCI
Joint ownership. In this case, we buy and have two land-terraced houses, and we are both undivided owners. This implies that all decisions concerning the layout of the land, the possible transformations in the future, the repairs require the agreement of both parties and the sharing of all expenses. However unanimity is difficult to ensure and conflicts are likely (it is not for nothing that the law states: "No one is supposed to remain in joint ownership").
SCI (Real Estate Civil Society). The parties are both owners of the two houses and the land (none will own its part), hence the appearance of serious problems in case of resale of one of the housing: the sale will not concern then a house , but shares in an SCI. In addition, it will require the agreement of everyone to do heavy work for "oneself" (a pool for example).