Before committing to any pre-construction or under-construction luxury development, it’s essential to ask the right questions. This page outlines 10 must-ask questions every high-end buyer or investor should bring to the table when evaluating a new high-rise opportunity. From developer credibility to resale restrictions, these questions are designed to protect your investment and help you make informed decisions.
1. Who is the developer and what is their track record?
Why it matters: Reputable developers bring experience, financial stability, and a history of delivering high-end properties on time. Researching past projects helps assess the likelihood of a successful outcome.
2. What is the expected completion date, and is it guaranteed?
Why it matters: Delays are common in new developments. Understanding the realistic timeline impacts financial planning, potential rental income, and personal move-in timing.
3. Is the project fully funded, or dependent on future sales?
Why it matters: Projects that rely heavily on pre-sales may be at risk of stalling or being canceled if sales targets aren’t met. Fully funded projects offer more security.
4. What are the estimated HOA (Homeowners Association) fees, and what do they include?
Why it matters: High-end buildings often have premium amenities—spa, concierge, valet, etc.—and those can come with substantial monthly fees. Knowing what’s included helps evaluate long-term carrying costs.
5. Are there any rental restrictions (short-term or long-term)?
Why it matters: Whether you’re planning to live in the unit full time or treat it as an investment property, rental policies will significantly affect ROI and flexibility.
6. What are the deposit structure and payment milestones?
Why it matters: Understanding when and how much you need to pay at each phase helps you plan liquidity and financing. Some developments require up to 50% pre-completion.
7. What are the resale restrictions or timelines, if any?
Why it matters: Some developers enforce restrictions on reselling or assigning units before completion. This impacts your ability to flip or sell in a dynamic market.
8. Is there a sunset clause or guaranteed delivery date?
Why it matters: A sunset clause puts a limit on how long a developer can delay completion. This protects buyers from indefinite waiting periods.
9. Are there any planned infrastructure, zoning, or neighborhood changes nearby?
Why it matters: Future developments can impact property value, views, traffic, or noise. Researching the surrounding area helps avoid surprises.
10. What type of warranty or post-delivery service is offered?
Why it matters: High-end units should come with warranties on appliances, finishes, and structural elements. Post-closing service ensures defects are addressed promptly.
If you’re evaluating a new development, our team is here to help you get the answers that matter most.
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