The most important factor is the location of the house. Evaluate transport accessibility, proximity to the city center, level of development of the area. Always pay attention to the environment, distance from industrial zones.
For families with children, the presence of kindergartens, schools, clinics, playgrounds nearby is essential. All buyers need shops, pharmacies, bank branches and a post office within walking distance. It is desirable that there are recreation areas near the new building – parks, squares, embankments. Also:
☑ Study the information about the deadlines for the delivery of the new building and the history of postponements on the developer’s website and forums for equity holders. A large number of postponements is an alarming sign. Find out whether permission has been received to put the new building into operation. If the house has been delivered, the risks are minimal. If the construction is at an early stage, carefully weigh your willingness to wait. Specify in advance in the contract the terms and amount of compensation in the event of a delay in the delivery of the house.
☑ Specify the sales scheme. Currently, the law requires developers to sell apartments through escrow accounts. This increases the reliability of the transaction, since the money of the equity holders is insured. If the developer offers other schemes, check their legality and safety.
☑ Assess the infrastructure of the building: are there enough parking spaces in the yard, is there an underground parking lot, storage rooms for residents, commercial premises for shops and services. It is good if the building has a stroller room, a concierge room, a reception. Find out who will manage the building after delivery – the developer’s own management company or a third-party company.
☑ Be sure to visit the residential complex itself or the construction site to assess the location, surroundings, quality of construction, and materials used in person. Visit the developer’s showroom to assess the layout and finishing options, and try on the space for yourself. Pay attention not only to the apartment itself in the new building, but also to the public areas – how convenient and safe they are, and how they correspond to the declared class of the building.
☑ Evaluate the development prospects of the area. Will new schools, kindergartens, metro stations appear nearby in the coming years? Is there a large-scale dense development planned in the neighborhood? You can find out about this in open sources – the media, social networks, on the website of the local administration. The developer must have a development plan for the territory and it must be publicly available.
To summarize: the best new building is located in an area with good ecology and transport accessibility, developed social and commercial infrastructure. The house must have convenient layouts and its own infrastructure, be built according to the law using escrow accounts, have good prospects for the development of the surrounding area. And the developer must be a reliable and customer-oriented partner.
