He real-estate market Argentina continues to be fertile ground for investment, and one of the most exciting options is the purchase of well-developed properties. However, this process is not without challenges, and to ensure a safe purchase it is essential to evaluate whether the developer meets its promises and commitments.
Some important keys for you to make informed decisions in this competitive market are:
1. Developer research: Before making any decision, it is essential to thoroughly research the company behind the project. Examine their history and reputation in the Argentine real estate market. Reviews from other buyers and the company’s past experience are valuable clues about its reliability.
2. Permissions Verification: Make sure the developer has all the necessary permits for construction. Also verify that the land is registered in the name of the developer, which is an indication of legality.
3. Contract and Documentation: Read the purchase and sale contract carefully. Make sure the contract clearly details the price, deadlines, delivery date and any special conditions. If you have doubts, consult with a lawyer specializing in the real estate field.
4. Compliance History: Investigate whether the developer has fulfilled its previous projects in terms of quality, delivery times and other commitments. You can get references from other buyers or search for online reviews.
5. Land Inspection, Work Progress and Showroom: If possible, schedule a visit to the site and observe the progress of the work. This will give you an idea of the quality of construction and the progress of the project, as well as the promised amenities. It is also important to request a visit to a showroom, where you can see a model unit to see first-hand the finishes of a unit.
6. Termination Clauses: Make sure that the contract includes clauses that allow you to terminate the agreement in the event of non-compliance by the developer, with the guarantee of recovering your investment.
7. Open Communication: Maintain a constant dialogue with the developer. Ask questions, get regular updates, and stay informed about any changes to the project. That during the construction process you can stay in contact with the architecture team to see details of your unit, and know the status of the work. On the other hand, they have an after-sales team, which will give you indications of a response once you have taken possession of the unit.
8. Unit price: Unit price consideration is crucial when evaluating a real estate purchase. Primarily, the construction phase should be examined, since purchasing in the initial stages differs from purchasing a finished unit. In addition, investigating the finishes and materials is essential, since delivery without certain elements can make the unit, although the value is apparently higher, more economical when considering the investments necessary to inhabit it. For example: it is not the same to deliver a unit without floors or cupboard furniture in the kitchen, than an apartment that is delivered even with mirrors with LED backlighting in the bathrooms, inverter air conditioning and landscaping on the balconies.
Purchasing a well property is a significant investment, and to do so safely, it is crucial to perform due diligence and seek transparency from the developer. The works carried out, its history and the opinion of its clients are the most valuable references when making the decision.
Graduate in marketing, partner and director of Group 8.66.
Source: Ambito
David William is a talented author who has made a name for himself in the world of writing. He is a professional author who writes on a wide range of topics, from general interest to opinion news. David is currently working as a writer at 24 hours worlds where he brings his unique perspective and in-depth research to his articles, making them both informative and engaging.
