Buying an apartment in a new development is always tied to a specific property. One building may still be in the design phase, another already under construction, and a third fully completed and ready for handover.

The stage of completion determines your roadmap: what you can customize in the layout, which agreements are signed, and when payments are due. Below, we outline each scenario so you know exactly what to expect from your chosen property.

Choosing a home at the design stage and reservation

At this stage, the building exists as architectural and technical plans. It offers the greatest flexibility for those who want to tailor their home down to the smallest detail.

Your opportunities: choosing the apartment and layout; discussing interior finishing packages, color schemes, and materials; planning custom furniture; reserving a parking space and/or storage unit.
Communication with the bank: the reservation period is the time to finalize negotiations with the bank, obtain a formal loan offer, and secure financing approval.
Agreements: at this stage, a reservation agreement is signed, securing the selected apartment for you.
What is specified: the reservation agreement outlines the selected unit, the estimated completion date of the project, and the payment terms.

Construction phase and Law of Obligations Agreement (VÕL)

Once the bank’s decision is received and you are ready to proceed, a notarized Law of Obligations sale agreement (VÕL) is signed. At this stage, the terms of the transaction become legally binding.

Key details: Layout changes: once the foundation is in place, this is the final opportunity to adjust lightweight partitions and socket locations. Wet areas (kitchen, bathroom) can no longer be moved, as utilities are already installed.
Agreements: a notarized VÕL agreement is signed, specifying the final price, technical details, and construction completion deadline.
Payment: upon signing the VÕL, the buyer pays a deposit (5–20% of the purchase price). From this moment, the price is fixed.

Real Right Agreement (AÕL) and Handover

Construction is complete, and the apartment is fully ready for the owner's handover. This is the shortest path to moving in.

Property inspection: Before finalizing the transaction, a thorough inspection of the apartment takes place to check the quality of work and the functionality of technical systems.
Agreements: A Real Right Agreement (AÕL) is signed at the notary. Based on this contract, the ownership of the apartment officially transfers to you.
Final payment: The remaining balance of the apartment's cost is paid at the time of signing the AÕL, after which you receive the keys to your new home.

Warranty

The journey doesn't end with receiving the keys. Krauss Kinnisvara offers a two-year construction warranty for its homes.

The warranty period begins upon the handover of the apartment. Should any construction defects appear during this time, the developer will rectify them in accordance with the warranty terms.