EVOLUÇÃO DE OBRA- JEITO MAIS FÁCIL DE ENTENDER - Minha casa minha vida.

Summary

In this video, real estate experts Rogério and his wife Luet explain the concept of 'evolução de obra' (construction progress) in a simple and relatable way. They discuss how payments evolve as construction progresses, the importance of administrative fees, and the role of insurance to protect buyers in case a builder abandons the project. The video also highlights how the value of the property and the financing change over time, especially for those in the 'Minha Casa Minha Vida' program. Rogério and Luet offer practical advice for potential buyers, making complex topics easy to understand.

Takeaways

• 😀 The 'evolução de obra' refers to the adjustment of your mortgage payments as the construction of the property progresses.
• 😀 The construction progress is tied to the completion of the building and adjusts the balance of your loan accordingly.
• 😀 A key concept in real estate financing is the inclusion of an insurance policy to protect buyers if the builder fails or abandons the project.
• 😀 The administrative fee, which is typically low (around R$ 25-30), is a small but necessary part of the financing process for construction projects.
• 😀 Depending on the buyer's income range, the mortgage payment (or 'evolução de obra') can increase gradually as construction progresses, starting low and rising to the final monthly payment.
• 😀 For those purchasing in lower-income groups (faixa 1), the mortgage payments will start around R$ 600 and gradually increase until the property is ready.
• 😀 Buyers in higher income brackets (faixa 2 and faixa 3) can expect their payments to increase to R$ 1,000 or more as construction advances.
• 😀 The TR (Taxa Referencial) has fluctuated, and while it was zero from 2017 to 2022, it has started to rise again in 2022, affecting how much the payment increases.
• 😀 The evolution of the construction costs (and thus the mortgage payments) can reach up to 70% of the final monthly payment before the property is ready.
• 😀 Buyers who purchase properties closer to completion won’t have to pay for earlier increases in the cost of construction; however, they will be paying higher rates reflective of the building's progress.
• 😀 When buying an off-plan property, the initial price is lower than the final valuation. The price gradually rises as construction advances and the final valuation is reached.

Q & A

What is 'evolução de obra' and why is it important?

Evolução de obra refers to the correction of the outstanding debt as construction progresses. It's important because it ensures that buyers make payments based on the current stage of construction, and it helps manage financing in programs like 'Minha Casa Minha Vida'.

How does the 'evolução de obra' affect the amount I pay each month?

The payment starts low and gradually increases over time as construction progresses. Once the property is ready, the payment reaches the final financing amount, which matches the monthly mortgage payment.

What does the insurance related to evolução de obra cover?

The insurance protects the buyer if the construction company abandons the project. In such cases, Caixa Econômica Federal takes over and ensures that the property is completed and delivered.

What is the administration fee, and how much does it cost?

The administration fee is a small charge for managing the construction and financing process. It typically costs around R$ 25 to R$ 30, but this can vary depending on the financing tier.

What is the significance of the 'TR' (Taxa Referencial) in the evolução de obra payments?

The TR (Taxa Referencial) affects how much the 'evolução de obra' increases over time. From 2017 to 2022, the TR remained at zero, so payments didn't increase. However, after 2022, the TR started moving again, meaning payments could increase more rapidly.

If I buy a property that's halfway through construction, will my payments be higher?

Yes, if you buy a property halfway through construction, your payments will start from a higher value because you're essentially paying for the remaining portion of the construction. However, you won't need to pay for the earlier phases of construction.

How do financing tiers (Faixa 1, Faixa 2, Faixa 3) affect the evolução de obra payments?

The tier you're in determines the amount of your monthly payment. For example, Faixa 1 might start at R$ 600, Faixa 2 around R$ 1,000, and Faixa 3 could start from R$ 1,500 to R$ 2,000, depending on the property's value.

Will the price of the property increase over time as construction progresses?

Yes, typically the price of the property increases as construction progresses. The initial launch price is usually lower than the final valuation price, and the value adjusts to reach the full valuation by the time the property is completed.

What happens if I buy a property near its completion?

If you buy a property near its completion, you will pay higher evolution payments because you're entering the financing process at a later stage. However, the construction is closer to finishing, so you won't have to wait as long to move in.

What should I expect if I buy a property at the beginning of construction?

If you buy at the beginning of construction, your payments will start lower and gradually increase as construction progresses. The property will be cheaper initially, but the final payment will reflect the full price when construction is completed.