Legal ranking of builders in Kyiv and the region

One of the most difficult problems when investing in a new building is finding builders in Kyiv who can be considered reliable and deliver projects on time. If you do not have information about a catalog of construction organizations that can be considered verified, it is sufficient to seek legal advice from the specialists of NAKAZ. A whole team of lawyers works with you and we want to share information on what to pay attention to when choosing a builder. On the website you can review materials from the legal inspection of new developments. This section is constantly being updated so that everyone has the opportunity to track up-to-date information about the construction market in Kyiv.

How to choose a reliable builder in Kyiv?

Real estate investments for potential clients are accompanied by high risks. To a large extent this is related to the choice of the builder. To avoid getting into a difficult situation, you should first of all pay attention to the legal side. Most clients when buying are guided by the stability of the developer, however, it should be understood that you do not sign any legal contracts with the developer. The developer company is engaged in promoting and implementing projects related to attracting investments into a construction project. The builder is the entity whose activities are directly related to the construction of new real estate objects and the construction permit is issued to the builder.

Criteria that will help study the subject and object of investments:

• Total number of erected and delivered real estate objects. We recommend thoroughly monitoring the number of completed projects, which ones are still in progress, problematic constructions, as well as the reasons why the builder delays delivery. After all, this directly affects the profitability of your investments.
• Litigation involving the builder. Here the key role is played by checking the builder in the register of court decisions. In the register of legal entities it is worth tracking whether the builder has a construction permit and subsequent commissioning, whether there is a seizure on the land, what legal disputes took place and whether they were resolved.
• Business reputation of all construction participants. In the Unified Register of legal and natural persons, study information about the builder, the owner of the land plot for construction, the general contractor and their experience in the real estate market. Try to familiarize yourself with the information declared on the builder’s official website, and it is also useful to read forums on social networks. Information about reputation can also be obtained empirically by visiting the construction site and observing the construction progress.
• Land plot for the residential complex. Here the key factor is the designated purpose according to the Public Cadastral Map.
• Financing scheme. It is important to understand on the basis of which contract the investor buys the builder’s promise to build square meters.
• Availability of technical and urban planning documents for the specific construction site. This is basic information, and the most reliable builders in Kyiv do not hide these data from potential investors.
• Study of the contract with the builder

What to pay attention to when studying the contract:

• with whom the contract is signed,
• the subject of the contract,
• the deadline for putting the building into operation (and it is better if a final deadline is specified),
• what conditions and penalties apply in case of termination,
• what obligations arise for both parties that signed the contract.

Before making a final decision to purchase an apartment in a residential complex, we recommend reviewing the qualitative characteristics of the declared project: location, landscaping of the territory, artificial or natural recreational facilities and zones, apartment layout, infrastructure.

You can visit the developer’s office to speak personally with company representatives and review the necessary documents. If company employees are open and provide the investor with the construction permit, technical conditions for utilities, and expert reports on the project upon first request, this is an important signal to pay attention to the builder.

Availability of permits

1. Land documents – deed of ownership for the land for construction (if the plot is owned), lease agreement (if the land is leased – for what period the agreement is concluded), agreement on permanent land use (superficies).
2. Check of the land’s designated purpose, which should correspond to residential development.
3. Building permit, which should include the specification for the construction of the multi-apartment complex.
4. Technical conditions for connecting the residential complex to utilities.
5. Urban planning conditions and restrictions for the location as a whole.
6. License of the contractor or general contractor.

Since there is no legal protection of potential investors at the legislative level, future apartment owners must verify the reliability of the builder themselves. When investing funds, try to spend as much time as possible checking the documents and information about the new building. There is also another option – to contact a specialist and order a full inspection.