{"id":1490,"date":"2015-06-08T15:34:45","date_gmt":"2015-06-08T13:34:45","guid":{"rendered":"http:\/\/blog.weetas.com\/?p=1490"},"modified":"2021-08-01T09:35:38","modified_gmt":"2021-08-01T07:35:38","slug":"11-inquiries-real-estate-developer","status":"publish","type":"post","link":"https:\/\/www.weetas.com\/article\/11-inquiries-real-estate-developer\/","title":{"rendered":"12 Inquiries to ask Your Real Estate Developer Before Contracting"},"content":{"rendered":"

Nowadays, after the widespread of\u00a0Purchase on Map system, <\/strong>numerous people\u00a0will be engaging with a real estate developer for the first time<\/strong>.<\/p>\n

The good thing is that the GCC is full of really good and dependable real estate developers, but still, you have to research and do your homework before signing a contract with one.<\/p>\n

Before you purchase from a developer and get started, there are a few inquiries you should ask to be certain of their capabilities<\/strong>. After all, you are entrusting this person to build your dream home.<\/p>\n

1. Get as many details as you can<\/strong><\/em><\/h2>\n

\"\u0627\u0644\u0628\u0646\u064a\u0629<\/p>\n

Don’t be shy to ask for more detailed information<\/strong> about the project and more data than displayed in the promotional outlets for the project schemes, location maps, etc.<\/strong> A good real estate developer will have this information ready and will be more than glad to share it with you.<\/p>\n

2. The delivery date<\/strong><\/em><\/h2>\n

If you are going to purchase on map, ask for the project delivery date<\/strong>. It\u2019s worth mentioning that Saudi government has set a time frame of 20 months for developers to finish and deliver the units<\/strong>. However, you should still ask your developer to have a better understanding of when your new home will be ready.<\/p>\n

3. Company Portfolio<\/strong><\/em><\/h2>\n

\"\u0645\u0634\u0631\u0648\u0639<\/p>\n

Get to know more<\/strong> about your real estate developer. Although some information will be readily available online<\/strong>, such as the company\u2019s establishment date and location and its first project date, you can still ask in person<\/strong>. This will help you understand more about your real estate developer. Moreover, feel free to ask any other question<\/strong> that crosses your mind.<\/p>\n

4. License<\/strong><\/em><\/h2>\n

Licenses are, of course, crucial when it comes to real estate development. Ask for the real estate activity license<\/strong> issued by the Purchase on Map Commission composed by Saudi Industry and Commerce Ministry. You can also ask for the project marketing permission<\/strong> issued by the same commission.\u00a0Know that any company announcing, marketing, or selling any units on map or under construction without permission is violating the regulations<\/strong> and will fall under the law.<\/p>\n

5. Safety Procedures and\u00a0<\/strong><\/em>Regulations<\/strong><\/em><\/h2>\n

\"\u0627\u062c\u0631\u0627\u0621\u0627\u062a<\/p>\n

Be positive and ask about the occupational safety<\/strong> procedures adopted by the company. If any worker was injured while working on your house, will he be fairly compensated? How does the company guarantee workplace safety? Understanding how your real estate developer deals with its employees is key to understanding the company<\/strong>.<\/p>\n

Another question to ask is whether the company follows the occupational safety rules<\/strong> which state that working on uncovered sites or construction sites should stop at noontime during summer<\/strong>. This too is a pivotal point that will help you determine whether or not you wish to purchase a home from this developer.<\/p>\n

6. Ongoing projects<\/strong><\/em><\/h2>\n

Ask about the current development projects and the governorate\u2019s schemes<\/strong> for developing your new home\u2019s region. Development schemes include residential, commercial, touristic, and recreational projects<\/strong>. This question will give you a clearer vision<\/strong> of how the neighborhood will look in the future and how the surrounding area will grow.<\/p>\n

7. Project Funding<\/strong><\/em><\/h2>\n

Know the earmarked capital value<\/strong> for the project construction to find out if it\u2019s sufficient or not. It\u2019s preferable to quit dealing with developers who cover the project\u2019s costs from its revenues<\/strong> as construction works could stall or stop<\/strong> by any problem. Most developers should be comfortable enough to answer this question freely and comfortably.<\/p>\n

8. Backup Plan<\/strong><\/em><\/h2>\n

\"\u0627\u0644\u062e\u0637\u0629<\/p>\n

Ask about the stumble scenario<\/strong>. What will happen if the project stalled? How will the company handle the situation? Would the stall be publicly announced? You should have enough information and guarantees<\/strong> to be protected from losing your investment in case of a stumble.<\/p>\n

9. Project Infrastructure<\/strong><\/em><\/h2>\n

Follow the main developer’s works, either public or private-sector developer, on establishing the scheme\u2019s infrastructure<\/strong> including electricity network, water, drainage, rain drainage, etc. Afterall, it is important to know if the project is suffering from any infrastructure issues<\/strong>.<\/p>\n

10. Project Engineer\u00a0<\/strong><\/em><\/h2>\n

Know the project\u2019s engineering consultant\u00a0<\/strong>who is responsible for\u00a0supervising the project<\/strong>. The engineering consultant is entitled to supervise the project’s construction process. Furthermore, the consultant also submits technical reports<\/strong> about the construction proceedings every quarter. In case of delayed delivery, the consultant submits a report about the reasons behind the delay<\/strong>.<\/p>\n

11. The professional network<\/strong><\/em><\/h2>\n

It\u2019s important for you to know that your commercial real estate developer has a broad network of reliable business partners<\/strong> in order to develop a smooth and successful project. The development and construction sectors revolve greatly around a variety of different professionals. Engineers, architects, general contractors, subcontractors, bankers, attorneys, as well as other professionals all play a part in the real estate development process. So you need to know who exactly the partners of your real estate developer are in order to be sure that you can trust them.<\/strong><\/span><\/p>\n

12. After-Sales<\/strong><\/em><\/h2>\n

Finally, ask about the developer\u2019s after-sales\u00a0services<\/strong>. Is there a warranty on the project\u2019s construction? Does the company offer free maintenance service for the house facilities? A healthy relationship between a client and company<\/strong> continues past the sale. Therefore, you want to guarantee you are buying a home from a company that will maintain a proper and professional relationship<\/strong> with you.<\/p>\n

 <\/p>\n

The past inquiries define by far the developer\u2019s quality<\/strong>. You can evaluate the real estate developer through these questions in order to take the right decision, either proceed on contracting or quit<\/strong> and look for another developer. Each of these questions will allow you to build an image<\/strong> of how the developer operates. In any case, do not hesitate to ask<\/strong> about anything that crosses your mind. It is your right as a potential buyer to be comfortable with the developer and their upcoming project.<\/p>\n

To learn more about purchasing a house see also:<\/h3>\n
\n

Do not Listen To This Advice! The Worst Advice Home Buyers Get<\/a><\/h4>\n
\n

Should You Or Shouldn\u2019t you Buy A New Construction House?<\/a><\/h4>\n
\n

Should you rent or buy a home in the GCC<\/a><\/h4>\n<\/header>\n<\/header>\n<\/header>\n","protected":false},"excerpt":{"rendered":"

Nowadays, after the widespread of\u00a0Purchase on Map system, numerous people\u00a0will be engaging with a real estate developer for the first time. The good thing is that the GCC is full of really good and dependable real estate developers, but still, you have to research and do your homework before signing a contract with one. Before […]<\/p>\n","protected":false},"author":2,"featured_media":1491,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[881],"tags":[],"_links":{"self":[{"href":"https:\/\/www.weetas.com\/article\/wp-json\/wp\/v2\/posts\/1490"}],"collection":[{"href":"https:\/\/www.weetas.com\/article\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.weetas.com\/article\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.weetas.com\/article\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.weetas.com\/article\/wp-json\/wp\/v2\/comments?post=1490"}],"version-history":[{"count":12,"href":"https:\/\/www.weetas.com\/article\/wp-json\/wp\/v2\/posts\/1490\/revisions"}],"predecessor-version":[{"id":20740,"href":"https:\/\/www.weetas.com\/article\/wp-json\/wp\/v2\/posts\/1490\/revisions\/20740"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.weetas.com\/article\/wp-json\/wp\/v2\/media\/1491"}],"wp:attachment":[{"href":"https:\/\/www.weetas.com\/article\/wp-json\/wp\/v2\/media?parent=1490"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.weetas.com\/article\/wp-json\/wp\/v2\/categories?post=1490"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.weetas.com\/article\/wp-json\/wp\/v2\/tags?post=1490"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}