Buying a New Home

Buying a New Home


Take these 13 important steps and the home you’ve always dreamed of is yours. When you are buying a new home, take the aspects listed here into account to help you make the most important decision of your life.

1. Reserving an Apartment

You can reserve your future home under your own name during the apartment’s pre-marketing phase. Reserving in advance does not commit you to anything and you can cancel the reservation without any necessary explanation. Reserving also guarantees a wider range of options to select from. At this phase, you’ll already have access to preliminary information regarding the apartment (and the whole construction project), such as the estimated completion time.

2. Apartment Sale

The sale can be concluded once the safekeeping documents have been delivered to the bank. The safekeeping documents include, among others, the housing company’s economic plan and articles of association and the method of construction description. Before you sign the deed of sale, the sales personnel will provide you with all the documents that affect the sale. Take your time to review the documents and the deed of sale. The deed of sale will be signed at YIT Homes Sales. When you arrive to the signing, you can also browse our interior decoration materials to your new home. Once the deed has been signed, you’ll get a user ID to the YIT Plus home portal where you can find documents related to your new home in electronic format.

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3. Paying the Purchase Price

According to YIT’s customer-friendly terms of sale, you’ll pay only 20% of the debt-free price upon concluding the deal. The remainder of the purchase price will be due once your apartment is about to be completed. You will have plenty of time to sell your old home when your new home is being built. Your first opportunity for repayment or to pay the housing corporation loan in full is just before the completion date. Repayment is possible later on as stated in the loan terms.

4. Selecting Interior Decoration Solutions

When you buy a new YIT home before the material order date, you can select your new home’s decoration theme for free or combine materials from different themes according to your own taste. You can select the materials immediately after the sale. We’ve also put a price on some alteration work, subject to an additional fee, that you can order to your home after the sale. Ordering is easy with a form that you can submit to your alteration work engineer or to YIT Homes Sales. The ordering schedule can be found in the alteration work price list. If you want to order individual alteration work to your home, please contact your alteration work engineer to discuss your wishes. The engineer will provide you with a written quote about your alteration wishes. The earlier you state your wishes, the more effect you can have on your new home’s appearance.

5. Buyers’ Meeting

Once a quarter of the apartments have been sold, we’ll invite you and the other buyers to a meeting. In the meeting, buyers can select construction observers and auditors as their representatives.

6. Getting to Know Your Apartment

You can familiarize yourself with your future home when it is still being built. Please make an appointment beforehand with the construction site manager.

7. Preparing to Move

About six weeks before the apartment’s construction is completed, you’ll receive a letter about moving where we confirm the completion date and inform of the schedule for the remaining instalments.

8. Inspecting the Apartment

You’ll have an opportunity to inspect your apartment about a month before moving in. In the inspection, you’ll fill in any possible shortcomings in a form, and we’ll try to fix these issues before you move in.

9. Apartment Use Guidance

If necessary, you can ask YIT’s personnel for guidance about using your new home before moving in. The guidance includes instructions about using the equipment in your home, among other things.

10. Moving In

You can check the apartment’s completion date in the moving in letter. You’ll receive the keys on the moving day once you have paid the purchase price and any alteration work you have ordered. The ownership of the new apartment’s shares is transferred to you at the same time. You’ll also get a folder about your home that includes all the necessary information about your housing company and your apartment. You can also browse the folder online in your new home’s YIT Plus home portal.

11. Shareholders’ Meeting

The shareholders’ meeting is arranged about three months after the construction has been completed. The shareholders’ meeting is also called a handover meeting because the administration of the housing company is transferred from the developer to the shareholders who have purchased the apartments. In the shareholders’ meeting, a board of directors will be selected for the housing company and an accounting statement is presented, among other things. The shareholders’ meeting is the first common gathering for the residents where you’ll get a lot of important information regarding the housing company and life in it.

12. One-Year Inspection

A one-year inspection of the apartment is performed after about 12–15 months after its completion. You’ll receive a form along with the inspection invitation where you can fill in any defects you have possibly detected in your apartment. They are fixed after the one-year inspection. When you buy a YIT Home, you receive a 10-year guarantee that the construction work has been performed according to good construction practices.

13. Apartment and Housing Company Maintenance

We will provide you with a home folder and the housing company and its property manager with a maintenance manual. You will find an answer to many questions about your home in the home folder. Its contents can also be viewed at YIT Plus. Please familiarize yourself with the home folder and its instructions carefully. They will help you influence your own living costs, increase the lifespan of your new YIT Home and maintain the property’s value.