BUY TWO OFF-PLAN PROPERTIES AND GET THE SECOND ONE FOR FREE
Buy Two Off-Plan Properties and Get the Second One for Free
Buy two properties at prices close to construction cost. Resell one at market price and recover your investment for both properties, making the second one effectively free.
What is CoHousing (adapted and introduced in Bulgaria as CoHousing)?
The CoHousing program is a construction investment program that originated in Denmark in the last century.
Gradually, CoHousing spread across Europe, the United States, and other continents, adapting to local conditions and traditions to include a variety of models and community-focused approaches.
Our partners at „Konstruktiv“ have introduced and trademarked the KoHousing brand for Bulgaria, adapting it to local laws and lifestyle. At Global Capital Invest, we offer a similar co-investment construction program in Italy, France, Portugal, the Dominican Republic, Barbados, and Saint Lucia.
The main advantage of CoHousing is that it allows people to purchase real estate at a price very close to its actual construction cost. As owners, they have the option to keep their properties or sell them later at a significantly higher price, with returns ranging between 50% and 100% of the initial investment.
How CoHousing Works?
- We identify attractive properties for construction investment.
- We design buildings according to the principles of Global Capital Invest.
- We open a CoHousing sales window for a set number of properties available through the program.
- Once the CoHousing window closes, each program participant receives a proportional share of the land on which the project will be built.
- We finalize the investment project and commence construction.
- We build and sell the properties designated for the open market, completing the process with an occupancy permit (Act 16).
What Do You Need to Do?
1. Select a Project
Choose a property available through the CoHousing program and indicate your interest in purchasing a specific unit within it.
2. Sign the Contract
Sign a purchase agreement for the property under the CoHousing program and make the first payment for your unit.
3. Construction and Occupancy Permit (Act 16)
During the design and construction phases, you’ll receive regular updates on the project’s progress. Upon completion, you’ll receive your property with an occupancy permit (Act 16). Due to the nature of the program and the fact that the CoHousing price is close to the property's actual cost, the second and final payment is made upon receiving the construction permit.
Why Choose CoHousing?
With CoHousing, you can afford to buy the property you’ve dreamed of. Property prices through CoHousing are close to the actual construction cost because clients act as investors in the project. By purchasing during the planning phase, you can request specific customizations for your property, saving you additional costs on future renovations.
When you buy a property through Global Capital Invest, you’re acquiring a home with unique features. Every project by Global Capital Invest follows design solutions that align with the company’s three core principles, all aimed at ensuring a high quality of life.
It’s Important to Know That...
Through the CoHousing program, only a select number of properties within the project are sold at cost. The remaining properties are designated for sale at open market prices once the construction permit is obtained. In the event of unexpected inflation during construction, only the prices of the properties sold at open market rates are affected. The agreed-upon CoHousing prices remain fixed and do not change until the contract is completed.
An Advantage for You…
One of the key benefits of CoHousing is that while the project is still in the design phase, you have the opportunity to make custom requests that can be incorporated into the plans. This allows you to personalize your future property according to your specific needs and preferences, saving you additional costs on future renovations or modifications.
Frequently Asked Questions
1. What Does the CoHousing Price Include?
It’s important to note that the CoHousing property price covers all essential costs for acquiring the property. This includes the value of the proportional share of the land, which the client acquires at the start of their investment, the necessary funds for constructing the property, VAT, notary fees, and municipal taxes payable upon finalizing the transaction.
2. What Are the Guarantees When Purchasing a Property with CoHousing?
CoHousing is an investment program that allows for the purchase of real estate at an early stage of the project, at prices close to its cost price. The main difference from traditional "off-plan" property purchases is that with CoHousing, clients become owners of a significant proportional share of the land on which the future building will be constructed. Part of the initial payment under the contract is specifically allocated for purchasing the land, which serves as a strong guarantee for the client.
By selling properties through CoHousing and leveraging the company's investments, the construction of the project is financially secured.
3. What is Global Capital Invest' Interest Since the Prices of Properties under CoHousing Are Close to Their Cost Price?
Through the CoHousing program, a specific number of properties from the project are sold, which secures significant capital for its construction. These funds, along with the personal capital of the company, are used to carry out the construction investment. The remaining properties, outside of the CoHousing program, are intended for sale at free market prices after obtaining the construction permit. It is from these sales that the company realizes its profit.
4. What Happens in Case of Inflation?
In the event of inflation, the prices of properties under CoHousing remain unchanged, as a significant portion of these funds has already been invested in the project at pre-agreed prices with the contractors. If there is an unexpected increase in the cost of construction materials, the difference will be reflected in the prices of the remaining properties intended for sale at free market prices.
5. When Will the Buildings Be Completed?
A timeline for the execution of each project is prepared, with the deadlines for design and construction included in the contract. Due to the nature of various administrative procedures, there may be slight deviations from the initial schedule, and clients will be promptly informed about any changes.
6. Can I Exit the CoHousing Program?
The CoHousing program allows for this possibility through what is known as a "replacement party." In this case, the contract is terminated, and the program participant receives a refund of the funds they have paid.
7. Can I Sell My Property After Purchasing It?
One of the opportunities provided by the CoHousing program is to invest in real estate with the goal of subsequent resale and achieving a good return on investment, which can range from 50% to 100%. Once construction begins, Global Capital Invest announces the sales of the remaining properties in the project at free market prices. Along with these, the properties of CoHousing clients who wish to sell are also announced. Global Capital Invest conducts a comprehensive marketing campaign, and with the high quality of design and construction, all properties are successfully sold.
What is a complex investment – a free property?
Many of our clients purchased two real estate properties. They sold one at market prices while keeping the other for their own needs. Thus, from the sale of the first property, they achieved a good return and recouped their investment for both properties through CoHousing. As a result, the second real estate property they kept for personal use became free.
Who manages the construction investment?
The management of the construction process is overseen by an internal team of professionals with many years of experience in the field of construction investments.
Can I use bank financing?
Yes, bank financing can be used. In case collateral is needed for the loan, another real estate property must be used, since payments under CoHousing are realized until the building permit is issued. After the construction of the building reaches the rough construction stage, the collateral can be replaced with the purchased real estate property.
What are the maintenance costs for the property after Act 16?
In cases where a real estate property is purchased in a complex of buildings, the maintenance cost is specified in the CoHousing agreement, which varies according to the class of the property. If the real estate property is in a standalone building, the maintenance cost is determined by the homeowners' association after the building is put into operation – Act 16.
You are now the owner of a property from Global Capital Invest!
If you want, you can also sell it, and your profit will range between 50% and 100%.
