Frequently asked questions

About the apartment

Can I choose finishing for my apartment?

"You can choose finishing for your apartment at the initial stage of construction of the project. We offer five different finishing collections so that any potential apartment owner can find the most suitable finishing, as well as the type of plumbing equipment offer. Sales consultants will inform you of the deadline by which you need to choose your finishing, as well as it is indicated in the apartment reservation agreement."

Can I regulate the heat in my apartment?

Yes, it is possible to regulate the heat in every apartment. Radiators with adjustable thermostats are installed in every apartment in the project. You can maintain your desired temperature in each room of your apartment. Heat expenses are measured by the amount consumed because each apartment has its own individual heat meter.

Is the apartment bright?

The amount of sunlight in the apartment depends on where in the building and on which floor the apartment is located – this information can be viewed in the plan of each apartment. The morning sun will shine in apartments with windows facing east, while you will have the chance to enjoy the evening sun in the west side apartments. Similarly, the location of the sun also depends on the season.

Which apartments are available?

Available apartments can be viewed on the website of each particular project, where free apartments are marked. However, you can learn the latest information from our sales consultants.

What finishing will be used in the apartments sold?

Apartments are sold with full interior finishing including wall painting, flooring, plumbing fixtures (bathroom and toilet equipment).

What is the monthly management fee?

The manager is selected in a tender at the end of the construction cycle – before commissioning. Therefore, the management fee will be known before the building is put into operation.

What are monthly utilities?

Specific utility payments can only be known right before the building is put into operation. However, it is planned that AS “Rīgas Siltums” will provide heat supply for the project, SIA “Rīgas ūdens” will provide water supply and sewerage services, and electricity will be provided through the manager and the chosen cooperation partner. Utility payments are calculated by automatically reading readings of the apartment’s individual meters, so the apartment owner does not have to read and submit them. Individual agreements need to be concluded only for additional services such as internet, television or security connection.

Viewing the apartment

Can I look at the apartment while the building is constructed?

No, you cannot view the apartment while the building is constructed. This will only be possible after the building has been put into operation.

How soon will the house be completed and when can I view my apartment?

The project is planned to be completed by the end of 2024, so you can view your apartment after the building is put into operation. The degree of readiness of the building can be tracked on the project website under About the project.

When can I see the apartment after the building is put into operation?

Putting a building into operation does not mean the immediate transfer of keys to the customer. It is a technical process in which the conformity of the building with the relevant construction standards is assessed. After the building has been put into operation, it takes another month to complete all the works, and then would-be residents are invited to see their apartments.

Purchasing an apartment

Do I get land when I buy an apartment?

Yes, when you buy an apartment, you also get the undivided shares of the particular building and land into your property.

Can I purchase an apartment with a purchase option?

No, it is not possible to buy an apartment with a purchase option right now.

When do I need to go to the bank when buying an apartment?

Sales consultants at Merks mājas advise you to go to the bank as soon as you have decided to look for your dream apartment to know exactly your lending options and what amount of money you can count on to buy an apartment. Merks mājas cooperates with the leading banks of Latvia and the possibilities for granting a loan are also evaluated during the construction phase of the project.

When will I need to start paying mortgage payments if the building is in construction?

You will have to start paying mortgage only after the property is re-registered in your name in the Land Register. Therefore, first the building is completed and put into operation, then the apartments are registered in the Land Register and a cadastre number is assigned to each apartment. Next, the customer needs to enter into a loan agreement with the bank and a purchase agreement with us, and it is only after signing both agreements that the property is re-registered in your name and you should start paying the mortgage.

What additional payments do I need to consider when buying an apartment?

Several additional payments have to be taken into account when purchasing an apartment: contract fee to the bank for the creation of a loan agreement or an escrow account (if a mortgage loan is taken), payment for notarial services, registration of the mortgage in the Land Register, as well as fees related to the Land Register.

How can I reserve an apartment?

Any apartment (both under construction and completed projects) can be reserved verbally by contacting and meeting our sales consultants. This reservation is valid for 5 business days. If the project is in construction, a reservation contract must be concluded after a verbal reservation. Then, within 5 working days, you have to pay the earnest money of 15% of the purchase price. The purchase amount includes the full amount of the transaction, including a personal parking space and a storage space, if you choose to purchase them. If construction of the project is completed, a purchase agreement must be entered into after the oral reservation.

Other

What is included in the specified price?

Apartment with full interior finishing including wall painting, flooring, plumbing fixtures (bathroom and toilet equipment). The price of each apartment includes a private storage room, which will be located in the basement of the building.

What is not included in the specified price?

A personal parking space should be purchased separately. The customer shall cover chancellery and state fees, notarial and banking services.

What are apartment prices? What is the price per square metre?

See apartment prices on the website under Apartments or by contacting Merks mājas sales consultants.

Are parking spaces available in the residential project?

Only surface parking spaces will be available in this project. Private electric charging stations can be installed for a fee. Each apartment gets a private storage space on the basement floor, as well as all the residents of the house will have access to a common leisure room with terrace.