Buying an apartment in a new building is a responsible step, since we are talking about a deal for a large amount. An important point in this event is the choice of the developer.
If you are confident in the construction company, then the comfort of living is guaranteed for many years. In this article, we will tell you how to choose the right developer and profitable to buy housing.
Which developer to choose: criteria
The development of the real estate market has led to a rapid increase in offers for the sale of apartments in new buildings from various construction companies. In this regard, many fraudsters and unscrupulous developers began to appear who deprive buyers of money and leave them homeless. Therefore, the question of how to choose a developer when buying an apartment must be approached with the utmost responsibility and, before concluding a contract, take into account a number of criteria:
- Experience in the market. Organizations that have been involved in construction for more than 5-10 years have already shown themselves in quality, unlike those who have just entered the market. How long the developer has been working can be found on the official website or large aggregators. Here you should also study the data on the number of objects put into operation, collect information on unfinished projects, if any. By the way, if you are thinking about buying real estate, we recommend that you contact our professional luxury real estate agency THE Capital.
- Reputation. The choice of the developer is carried out taking into account the opinions of other buyers. Therefore, you can read reviews about the company on specialized sites, forums, study lists of “problem” builders, which are easy to find on the Internet.
- Availability of permits. To ensure the legality of the activity, check the availability of a full package of permits, it must be available to any potential buyer. When deciding how to choose the right developer, the buyer must first of all make sure that there are constituent documents, a certificate of registration, financial statements, a certificate of ownership of the site where the construction is being carried out.
- Participation in litigation. If the developer is involved in active court cases, you should not choose his property. It is easy to find this information on the Internet, including on official government resources.
- Price for 1 square meter. Residential real estate of good quality cannot be cheap, therefore the cost of 1 sq. meter should alert a potential buyer. For example, if you are deciding how to choose a developer in Kiev, you should know that the value of real estate largely depends on which bank it is located on. On the left bank you can buy an apartment in a residential area inexpensively, on the right bank housing is quite expensive due to the proximity to the historical center, the absence of the need to cross the Dnieper and more active business activities. At the same time, a coastal zone is being actively developed on the left bank, which means that you can choose housing with luxurious species characteristics and proximity to equipped embankments.
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How a developer should work with potential buyers
If the choice of the developer is made, first of all, it is important to assess the openness of his actions and information about the activities. For example, in the absence of permissive documentation on the official website, the company must provide documents about its work at the first request. In addition, you can visit the developer's office, where all licenses and permits are posted on information stands. In addition to the mandatory list of documentation, you should also not forget about the presence of:
- a detailed design of a building under construction (handed over);
- examination of the construction project.
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Before choosing a developer finally, you need to make sure of the following:
- Legal accuracy of the drawn up sales contract.
- Is it possible to look at the finished apartments at a convenient time.
- Can every client count on individual work with his own manager?
If you wish buy an apartment in an already built house, make sure that the document contains all the details, rights and responsibilities of the parties. When a developer values his reputation, he will be ready to amend the contract if necessary and will immediately respond to other requests from a potential client.
Vigilance and careful collection of information are fundamental to choosing a reliable construction company and making a profitable investment. In addition, do not neglect the opinion of experienced experts of the real estate market of our company THECapital, and you will be celebrating housewarming in a short time. Subscribe to our updates real estate blog and get the latest publications from the real estate agency THE Capital.
