Land, contracts, financing and warranties. Find answers here or contact an advisor.
How much does designing my home cost?
The preferential 75 m² home already includes design. For all other homes, including 75 m² Designs A and B, this stage takes place before construction begins. Full design package USD 1,500. Four payments: USD 250: architectural design of the facade and space layout; USD 500: structural and plumbing/sanitary design; USD 500: electrical design and roof and rainwater drainage design; USD 250: quantity calculations and final adjustments. Each payment is made at the start of its part of the design. Timeline: 30–40 business days.
How much do I need to start construction?
With the S&N payment program, you need 20% of the construction cost at the start of work; the balance is paid by construction stage. With your preferred bank, conditions depend on the bank's assessment and your profile. Permits are paid separately: 2% to 3% of the cost of the land plus the home. The full design package costs an additional USD 1,500, except for the preferential 75 m² home, where it is already included.
How does the S&N payment program work?
You pay for your home by construction stage: 20% at the start, 20% for building the walls, 10% for roofing the house, 30% for the finishes and 20% at handover. Each payment is linked to construction progress.
Can I finance the final payment?
Yes. The final 20%, due at home handover, may be financed. An advisor explains the conditions.
How does bank financing work?
The loan is arranged with your preferred bank. The bank assesses your profile and the project, and sets the approval and disbursement conditions. We guide you through the usual requirements, subject to each bank: Public Registry certificate and property title; plans and boundaries; tax clearance; land appraisal and projected home value; plans, descriptive report, budget and schedule; repayment capacity and credit history; life insurance assigned to the bank and, during construction, construction or fire insurance depending on the product.
Does the price of the house include the land?
No. All quoted prices are the construction cost of the house (m² × rate based on the finish level). If you need to buy land, we coordinate that separately based on the area you choose.
What's the difference between the Standard and Comfort finishes?
Standard uses ceramic tile, basic cabinets and latex paint ($600/m²). Comfort adds porcelain tile, a kitchen island, ceilings with recessed LEDs and, in homes of 100 m² or more, a bathtub in the main bathroom ($800/m²). Comfort also allows the optional smart home package.
What does the smart-home package include?
For an additional $499, we add smart controls and decorative lighting to your home. It's available from the Comfort finish level up, on any of the 4 models.
What house models are available?
We offer homes of 40, 75, 100 and 130 m². There are three 75 m² options: the preferential home, with 2 bedrooms and 2 bathrooms, for USD 45,000 with fixed Standard finishes and design included; Design A, with 2 bedrooms and 2 bathrooms, in Standard or Comfort; and Design B, with 3 bedrooms and 2 bathrooms, in Standard or Comfort. For Designs A and B, the full design package costs USD 1,500 and is paid separately. The 40 m² home has two Comfort designs; the 100 and 130 m² homes offer Standard or Comfort.
How long does construction take?
6 months from the start of construction (Stage 3: Foundations) to handover —3 months for the 40 m² home— covering foundations, structure, installations, finishes and final completion.
Can I choose my home's design, or are the models fixed?
The preferential 75 m² home is built as designed, without design changes and with fixed Standard finishes. For other homes, you can personalize the available finishes and, for the 40 and 75 m² homes, the design too; during Stage 0 (Design), we define the final details with you. The 75 m² Designs A and B offer Standard or Comfort.
How does the program work for foreign investors?
The process is 100% remote. We prepare an apostilled power of attorney so a representative in Panama can act on your behalf. You receive biweekly video reports from the job site, approve each stage by video call, and we sign documents digitally or through a consulate.
Can S&N manage my property as an investment after handover?
Yes. We offer a rental management service with an 11% fee on gross monthly income. We handle tenants, maintenance, and collections. In tourist areas, the estimated annual ROI is 12–17% of the property's value.
What construction warranty do you offer?
Construction is backed by S&N Business Corp, with over 15 years and 150+ projects completed in Panama and Colombia. We offer a post-handover warranty for structural defects under Panama's Law 22/2015. 1 year of coverage from home handover. Applies to all homes, including the preferential home, and to residential containers. Visits at 6 months and at one year: inspection and repair of superficial settlement cracks and fissures. Priority cases: serious damage to the infrastructure or cracks showing signs of structural damage. Immediate contact and a visit within 24 to 72 hours of the report. Resolution as soon as possible according to severity. Visits, labor, materials and priority assistance included, at no additional cost. This service is additional to the structural warranty.
