As a customer you will have 2 options for payment:
Staged payment during construction
Clients will buy their house "off plan", and will pay in stages during construction. As such you may safe on finance cost.
The payment schedule will be as follows:
- 10% at the signing of the contract. This amount is not refundable
- 20% for the land and plan development at the start of construction
- 65% in 4 equal installments evenly spread out over the construction time
- 5% after final delivery of the house, which will be 3 months after first delivery (retention period)
The house will remain the property of VRI Imobiliaria Lda until completion of payment. Customers will be asked a proof of payment capacity in the case of stage payment.
Payment at completion of the house.
Payment may also be effected at completion of the house. The cost of financing during the construction period will be added to the house price. Customers will be asked to hand over bank a guarantee.