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When we plan to buy an apartment in a new building, we want to choose the most reliable developer. But the real estate market is enormous, and new construction companies appear every year, offering attractive projects. To avoid making a mistake in choosing a home builder, we suggest asking them the following 11 questions.
1. What region do you work in?
The homebuilder may be top-notch, but they are useless if they do not work in your area. If you’ve found a home builder creating housing estates in your desired location, find out what new developments are already in the pipeline. You can do this using the Internet by visiting a website containing all the relevant information about developers and their projects, for example, right here. On special real estate platforms, you can read detailed descriptions of residential complexes, home builders and see the location of developments.
2. Have you had unsuccessful projects and why?
The developer must be honest with its clients. If the home builder cannot explain why the project could not be completed or failed due to the developer’s fault, it may also be a mistake to buy a home from such a company.
3. May I read reviews of your projects?
Reliable companies will gladly and promptly provide you with feedback on their developments, for example, on Google or Facebook. Be careful of those developers who ignore this question.
4. What does the new home warranty include?
The warranty allows you to protect yourself and be sure that any problems with the house will be efficiently and promptly resolved. Typically, the warranty is 10 years and covers the elimination of possible defects.
5. What are the possible options for house acquisition?
It may be a private property purchase or a lease. If you’re looking to buy a home, it’s worth checking if the developer supports schemes such as Help to Buy or Shared Ownership. After all, buying a new home is one of the most significant purchases in life, and getting help is essential.
6. What amenities will I get?
A new house is not only housing itself but there are also additional facilities on the territory of a residential complex. Find out what benefits are available to you, such as a landscaped garden, car parking, bike parking, playground, and more. Such amenities significantly improve the quality of living.
7. What upgrade and decoration options are available?
You must know in what form you will receive a new apartment to understand what will need to be refurbished in the future. The developer can offer options of frames, for example, black, white or green frame finishing.
8. What are the restrictions?
Some developers forbid their tenants to change or improve the purchased housing so that the new development looks the same. It may mean that you won’t be able to install, for example, an antenna outside your apartment or require special permission, which causes additional difficulties.
9. When will the development be put into operation?
The developer must have a clear construction plan, scheduled in stages by date. Ask if there were delays with other projects and how critical. After all, you also have your own plans for moving to a new home.
10. How many active projects do you currently have?
Perhaps the developer will be able to arrange an excursion for you to the active developments, so that you can see with your own eyes how the process is going, and evaluate how much you like the work of the construction company. It is essential to find out how the company copes with several construction projects at the same time.
11. Are management company services provided?
A management company can make life much easier for residents by carrying out maintenance of the house and performing various tasks, such as cleaning and repairs, as needed.