Whenever you invest your money in anything, including real estate, it’s good to ask as many questions as possible so that you know what you’re getting into. Real estate is usually a sound investment as long as you buy a property in good condition which is in a good neighborhood. Of course, if the property is in pre-construction, that means that the condition is going to be pristine when you acquire it. But still, there are other questions that you need to ask before you go ahead and buy the property.

  1. Where Is It Located? In general, the location of a property is very important. It determines the current price of the property and its future price as well. If the neighborhood in which you’re buying is on its way up, then the prices of the property should also increase. This is useful to know if you’re thinking of selling in the future.
  2. How Good Is the Builder? When you buy a property which is part of a gated community or an apartment complex, it’s good to know the builder’s reputation first, before you go ahead and buy it. There are certain names you may be familiar while others might not be so well known. Your real estate broker can help you figure out a good builder to go with.
  3. What Amenities Are Nearby? In general, your broker is only going to show you properties which are located close to amenities. But it’s good to make sure that this is the case before you buy. Not only will the presence of amenities make you more comfortable if you plan to live there, it will also increase the resale value of the property.
  4. What Amenities Are in the Complex? Does it have a swimming pool? A gym? A running track? A tennis court? A squash court? Or a children’s playground? Once again, these things will make you more comfortable and increase the resale value of the property.
  5. Are Other Buildings Coming Up Nearby? Sometimes, you might love a property because of the view and go ahead and buy it. But you may not realize that your view is about to be blocked because of new construction right in front of your window. So find out about this before you buy.

Contact us for more answers to questions you might have about buying a property in pre-construction.