Whether it’s for your personal needs, for your business meetings and sometimes for accommodating guests buying a new build luxury condo can serve various purposes. It comes with its own advantages such as you get to make the selection, your home your way, tax benefits, safety and security features, spacious room and much more. If you are confused and are in a state of dilemma, and are looking for some expert advice, here is your help. Read below to find out the best tips which will help you to make the right decision.
First, find a location that best suits your needs and then research the builders within that location. Also, research about to your neighbors and the neighborhood. Look for a peaceful nuisance free area. Be prepared for delays. Builders are subject to certain approvals that don’t come necessarily on time. Make sure the moving date is realistic and always have a backup plan just in case. Also, research about the prevailing condominium association and their rules. Ensure that the maintenance facilities are working well. Also document each and every detail.
Hire an agent or a local expert
If you are buying a condo for the first time, it is always better to hire an agent or a local expert. They will guide you in the best possible way. They are professionals who are smarter than you in this domain and can guide you to make the right choice. Someone who is experienced in this field has a great knowledge of the market strategies and can help you buy your dream house keeping the budget constraints in mind. They have inside contacts, professional networking, skill to administer paperworks, great knowledge of the locality and the ability to negotiate on your behalf.
Enquire about the developers track record
Check the realty regulator’s website. Check for updates on construction progress and complain to the regulator if there are delays. Check for location and infrastructure. Check if there is any metro connectivity or any other infrastructure development planned for the area and that the construction process is totally legal. See if his previous projects have been a success or not and also read reviews of his work.
Ask questions until you are not completely satisfied.
Make sure that you clear all your doubts, after all you are investing a whole lot of money. Ask about the occupancy date, hidden charges, practicality of the plan, and also make sure to include every agreement and assurance verbalized documented, and written in the contract in order to save yourself from foul play.
Don’t trust only the photos
Photographs can be deceiving. What may look like a good build luxury condo could be nothing more than a camera trick. Make sure that you visit the model apartment and see what it looks like in real. Never decide by seeing the photographs only. It would be advisable if you hire an inspector and get everything reviewed before making the actual purchase.