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[C1055]Coral Bay Villa Cyprus

by William Marind, Wil

Action to be taken and points to bear in mind when buying your own plot to build your own house.Seek a suitable plot. Visit the area that you are interested in and ask the local residents directly, or in case of a village, the village muchtar, if there is land for sale. Seek the assistance of a registered estate agent who may be in a position to offer to you alternatives but bear in mind always that most local sellers do not use the services of estate agents.

The next step is to appoint an architect to carry out the design. There is an abundance of well qualified architects on the island and many capable technicians as well. We suggest that you appoint an architect for the purpose (not an engineer or technician). Architect fees range from 4%-6% (on the building cost) but you can agree also on a fixed fee. The prevailing fees are 3.8% on the building cost for a complete set of architectural plans and 1.6% for supervision (including the issuing of certificates).

In case you require air condition ing/central heating, we suggest that the advice of a qualified electrical and mechanical engineer be sought. Fees for this consultant are around 4% for the design and 2% for supervision (on the cost of the works).Insist on all drawings being ready before inviting tenders.It is recommended that a building permit be secured first before works commence, although works such as excavations etc may begin prior to the issue of the building permit. In this case, your architect must consult with the Appropriate Authority to see whether there are any major objections to the drawings.

Development of land into villas in estates is now very common in the Paphos area, mainly on the hills between Paphos and Polis. Projects are developed to take the form of villages with the individual villas designed in traditional architecture. There are, of course, cases where the purchaser may have a good say in the design of his villa. The same type of projects are now being carried out in Limassol and to a lesser extent in the Larnaca area.

Developers usually offer two-storey villas with three to four bedrooms, with two bathrooms, living/dining room and kitchen with breakfast area. Often the option of a swimming pool is also given.Prices vary according to the location and area of land involved.

Firstly, you need to ascertain if you are eligible, and if not find out what you need to do in order to become eligible. There are certain rules and regulations that are governed by the Cypriot Council of Ministers that essentially state that you have to ask permission to duty before you even embark on the journey. It's no rare to hear of permission being denied that I have never had the experience ? however it is required none the less. If you are a European national who is not a resident of Cyprus, you can buy all the land you want but are limited to one home or apartment. If you are not a European national, you will still be able to purchase up to an acre of land which is plenty - and this land can contain one house or apartment which is all most people really dream of.

As such, it is strongly advised that you find yourself a Cypriot solicitor at the onset. Local representation is essential as you will not want to wade through all the paperwork and permits. When applying, you will have to submit the details of the identified property you want to buy as well as all the information about its current owner and contract information. In addition, you will have to reveal all your personal history like a passport, current residence and financial means of income.

Show me a man who enjoys bureaucracy and I will show you solicitor in the making. While a home in Cyprus will be worth the effort, be warned that the legal process for approval can take as long as six months ? partly due to process and partly due to the pace of life in Cyprus. Fortunately, this is merely official process and you can in fact take move into your new property while waiting for approval.

Essentially, the core process of the process to buying a property is pretty much universal ? give or take a few minor or not so minor details. This ?not so minor detail' in Cyprus is the seeking and gaining approval from the Council of Ministers. So once you have found your dream property in Cyprus, get things moving by finding a Cypriot lawyer to look after your interests and be your guide. This way, you can start living the dream and letting someone else deal with the process.

Article Source : Pg. 101

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Both William Marind & Peter Spyr are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.

William Marind has sinced written about articles on various topics from Finances, Lead Generation and Finances. Discover the secrets to . Grab your free report now and save yourself time, money and stress. Don't get ripped off, get your. William Marind's top article generates over 135000 views. to your Favourites.

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