Investing in real estate in Tbilisi, Georgia offers excellent returns and long-term benefits. Tbilisi has become an established international real estate destination, attracting foreign buyers with competitive prices and the potential for rapid capital gains. To make an informed decision and find a trusted developer and the ideal property in Tbilisi, follow this comprehensive guide. We will take you through a helpful checklist that provides all the essential information you need.
Choosing the Right Developer:
To ensure the reliability and expertise of the developer, consider the following key factors:
1. Number of completed developments: Assess the developer’s track record by examining the number of successfully completed projects.
2. Years in the market: Consider the developer’s longevity in the market, indicating stability and expertise.
3. Construction quality and technology: Research the developer’s reputation for delivering high-quality construction using modern technology and sustainable practices. This ensures that your investment property in Tbilisi meets the highest standards.
4. Reviews: Read reviews from previous buyers and tenants to gauge the developer’s responsiveness, professionalism, and adherence to timelines.
5. Responsiveness and communication: Evaluate the developer’s responsiveness and quality of communication during the purchasing process. A developer who values open and transparent communication ensures a smooth and hassle-free transaction.
Evaluating Your Investment Property:
When evaluating your investment property in Tbilisi, take the following factors into consideration:
1. Building specifications: Assess the number of floors in the building and the number of buildings in the complex, as well as the privacy provided by the apartment layout.
2. Completion date and penalties: Verify the expected completion date and penalties for delays mentioned in the contract, ensuring clear terms and accountability.
3. Legal status: Ensure that the property has a clear legal status, free from any encumbrances or disputes.
4. Accreditation by a bank: Check if the property is accredited by a bank for mortgage or instalment plans, providing favourable purchasing conditions.
5. Level of finishing: Determine the level of finishing provided by the developer, including options such as ‘White’ and ‘Green’ frame apartments, offering convenience for investors.
6. Customization options: Inquire about available floor plans and the possibility of personalizing the space according to your preferences.
7. Infrastructure: Consider the quality of elevators, heating systems, air conditioning options, fire safety systems, panoramic windows, and additional features like smart home technology and underfloor heating.
8. Façade and materials: Assess the quality of façade materials and the overall aesthetic appeal of the building.
9. Additional amenities: Explore options such as balconies, terraces, and communal spaces that enhance the property’s attractiveness and potential rental yields.
10. Developer-imposed restrictions: Identify any limitations imposed by the developer, such as restrictions on renovations or changes to entrance doors.
Considering the Overall Appeal of the Complex:
When evaluating the overall appeal of the complex, consider the following aspects:
1. Prime location: Assess the property’s proximity to popular tourist attractions, shops, supermarkets, and transportation hubs. A well-connected location adds value and attracts potential tenants, ensuring a steady stream of rental income.
2. Unique advantages of the complex: Evaluate the distinctive benefits offered by the complex, such as exclusive areas, well-maintained landscaping, and additional services. These factors elevate the overall living experience and make your investment stand out.
3. Neighbouring buildings and surroundings: Assess the impact of neighbouring buildings on the property’s desirability and potential rental yields. A pleasant and thriving neighbourhood contributes to the property’s appeal.
4. Maintenance and property management: Inquire about the complex’s maintenance fees and the responsible property management company. Understanding these aspects ensures that your property will be well-maintained and professionally managed.
5. Territory and amenities: Consider the infrastructure and amenities within the complex, such as pools, playgrounds, spa facilities, parking availability, and commercial areas. These features enhance the overall attractiveness of the property and its potential for rental income.
If the thought of researching all this information yourself feels overwhelming, our dedicated team is here to support you throughout the entire process. We are well-equipped to provide expert guidance and access to modern apartments located in desirable neighbourhoods of Tbilisi. Feel free to reach out to us today to explore the various options and make a well-informed investment decision that suits your specific needs.