Investing funds in construction – a rather large risk. And therefore, investing money in the purchase of an apartment in a still unfinished house is a rather risky business, and everything is based only on the trust of investors and developers. However, you can still reduce the likelihood of being deceived. To do this, before you decide to buy an apartment in the primary market, pay attention to some points that will help you not make a mistake.
You should be alert for very low apartments prices. If you are offered housing 30-40% lower than the cost of similar offers, it is likely that this object is quite problematic or this is an announcement of ordinary swindlers. Therefore, before deciding to buy, it is best only two to three months to observe how the construction process will be advanced during this time. The owners of the same apartment are several owners. This turns out when the same apartment is sold to several investors at once. This option is possible with shared participation in the construction itself. In order not to fall into such a situation, when concluding an agreement, pay attention to the indication of specific sections, floors, and numbers of purchased apartments. In the contract, the developer does not indicate the specific cost and area of the apartment sold. As a result, you will have to pay the amount for many more than the one you counted on. You can also be smaller than your apartment than the one that you stipulated during the conclusion of the transaction for the sale of housing by the sale of bonds. If the developer violates the obligations undertaken on the deadlines for the commissioning of the facility, then his obligations will be within their nominal value despite the fact that housing itself can significantly increase in price. For some reason, the developer is unable to connect the house to the sewage system, water supply and electricity. The main reason is a violation in the preparation of a project or the project is not agreed with the relevant authorities. The connection procedure itself can stretch for years.
Of course, all the options for deception are unlikely to be provided. The most reliable option is to conclude agreements with those companies that have been working in this market for at least five years, can tell about the already commissioned facilities and have a good reputation, and can also provide all regulatory documents, including a license.