How To Choose the Right Compound!
Before going ahead and investing millions of pounds in a property there are some things you have to take into consideration.
1) Property’s location
The location is one of the most important factors. You want to find a property in a prime location. This means you want a compound that is :
a) Easily accessible
b) Surrounded by other compounds of the same level
c) Close to main roads like the 90th road, Suez Road and Ring road
d) Close to important facilities like universities
2) compound facilities
The compounds should have different Amenities and facilities to offer. Like a Club House, a sporting club, schools, hospitals, and banks. The more Amnesties offered in the compound the higher the quality of life will be.
3) The usage
How do you plan on using the unit you bought inside the compound? Do you want to rent it? sell it or live in it? If you’re going to rent it, then you have to take these things here into consideration.
If you’re an investor buying the unit to sell it in the future, you want to take a look at the ROI, you can click here to find our article on ROI
If you’re going to live in a compound, then you want to decide whether the compound is close to the areas you frequent often. Whether the people in the compound are similar to you or not and whether you feel comfortable in the compound.
The Return on Investment on a property is a very important factor. If you want to know how you can calculate ROI you can click here.
The ROI will depend on the location of the compound and how it will look like after a couple of years
The compounds surrounding the unit also have a great effect on ROI
And finally the brand name of the developer
When will you receive your unit?
This is both relevant for investors and end-users alike.
If you are an end-user, you are most likely to buy after the compound has been structured and built. This way, you could see the unit or at least similar units to the one you’re buying
If you’re an investor, you are most likely to buy at the launch. As we talked before about different investment strategies, buying at the launch will increase the unit ROI
6) quality of finishing
Developers like taking care of the little details when it comes to the quality of the finishing because it’s the face of their brand. Things like Entrance of buildings, lifts, stairs. The type of ACs installed in a unit or the kitchens and built-in wardrobes.
7) After-sale services
The after-sale services provided by the compound are very important!
Whether you’re buying as an end-user or as an investor, you want to make sure the compound provides an aftersales service and know what they are. You don’t want to go through the hassle of finding someone to fix something for you-outside your compound.
If you want an expert’s opinion, you can contact us here for a free consultation or you can call us on : (+2)-01141990001 and we will be sure to help you!