Safety of bank-financed real estate projects

One of the most important factors that should give confidence to customers is the involvement of banking institutions in real estate projects. When a project is financed by a bank, it goes through a rigorous evaluation process. This ensures that the developer has financial soundness and the project meets the criteria of economic viability and legality. Banks do not take unnecessary risks, so approving a loan for a real estate project is a clear signal that it is safe and sustainable.

In addition, the involvement of a bank also means constant monitoring of the project, which reduces the risk of delays or financial problems on the part of the developer. So, it is essential for buyers to check if the project they want to invest in is financed by a recognized bank.

The importance of a small advance in the project phase

Another important aspect that can increase customer confidence is the developer’s policy regarding the advance requested at the early stage of the project. Too much of a down payment can put pressure on buyers and raise questions about the developer’s financial stability. Therefore, it is ideal that the down payment is reasonable, allowing buyers to make purchases with confidence and without feeling vulnerable to the risks associated with real estate projects under development.

A smaller down payment gives the buyer flexibility and security, and for the developers it is proof that they take responsibility and are willing to build a partnership based on mutual trust.

Transparency and constant communication

To increase customer confidence, developers must be transparent about the progress of the project and communicate regularly with future owners. An online platform where buyers can track the progress of the work, regular email updates and regular meetings are great ways to keep an open dialogue and provide security to those who have invested in the project.

Also, the clarity of legal documentation, as well as compliance with all urban and environmental regulations, are elements that strengthen public confidence. A reliable legal team can help with this, providing assistance to buyers to ensure that all aspects of the transaction are clear and correct.

Partnerships with renowned builders and architects

Another element that increases the degree of confidence in real estate projects is the collaboration with teams of builders and architects recognized and with a reputation in the market. Buyers should be informed of the track record of the team handling the project so that they can be sure that the work is being carried out to the highest quality standards.

Extended construction warranties

Another key measure to insure buyers is offering extended home construction warranties. For example, a guarantee of at least 2 years for finishes and 50 years for the strength structure can be a strong signal that the developer has confidence in the quality of the work and assumes long-term responsibility.

At a time when real estate markets are affected by uncertainties and risks, it is essential that solutions and measures are provided to restore the confidence of buyers. Financing projects by solid banks, asking for a reasonable advance, transparency in communication and collaboration with recognized professionals are just some of the steps developers can take to demonstrate that their projects are safe and viable.

By implementing these practices, both buyers and developers will benefit from a trust-based and long-term relationship, thus ensuring the success of new real estate projects.

Accent City

A concrete example of financial security and transparency is the Akcent City project, which benefits from financing from Raiffeisen Bank.

This aspect guarantees a rigorous control over the development of the project, and the bank has a first-class mortgage on the land related to the development and on the construction, which provides additional security.

In addition, the advance required for the purchase of an apartment is only 15%, an affordable and comfortable value for customers. Also, all money paid by customers goes into a special collection account, from which payments are made exclusively for construction, thus ensuring that the funds are used correctly and transparently.