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5 Reasons why a developer’s reputation matters while buying a home

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By Arvind Jain, Managing Director – Pride Group

India’s economy is once again on a sure footing, and people across the country are now confident about buying homes. Purchasing a home is of course a huge investment, and therefore not something where there can be any margin for error – and yet, things can and often do go wrong. 11477985596_2e962658ae_o

One of the most common mistakes that many buyers of property commit is doing business with developers who lack established credentials. Dealing only with reputed real estate builders is the first line of defense against getting cheated out of one’s money, and being assured of buying a quality product.

How can one identify reputable, reliable developers from the huge number of builders constantly putting projects in the market? There are several defining factors:

  1. Legal Sanctity of the Project

Every residential and commercial building needs to get a variety of permissions from local and government bodies. Reputed developers will ensure that their projects have all the certificates and permissions required by the local authorities. Again, their reputation is at stake and they will not take such matters lightly.

All instances of illegal construction that one reads of in the papers today have one factor in common – these projects are by unscrupulous or inexperienced builders who either did not care to get their projects properly approved, or did not know of all the approvals and permissions that they need to obtain.

  1.  Timely Completion

In most cases, developers will offer their projects for sale before it has actually been completed. On purchasing a home in an under-construction project, the buyer is assured of a certain time-frame in which possession will be given.

Reputed developers will not push the possession timeline beyond a rational limit. Firstly, because they are adequately funded and secondly, because they will under no circumstances jeopardize their credibility on the market. Most of the instances of irrationally delayed project completions involve new, under-capitalized and often struggling builders. Reputed developers can and will always stick to the schedule.

  1. Zero-defect Homes

For reputed developers, credibility is the key to their brand recognition – it is their primary competitive advantage in the market. They will never offer a home that has construction defects like bad electrical fittings/wiring, faulty plumbing, water seepage, bad drainage, etc. Quality construction also includes the right size and shape of rooms that are in sync with the overall project design.

  1. Project’s Structural Integrity

Quality control is an important part of every building construction being undertaken by a reputable developer. Their engineers will check and monitor every aspect of the construction process, including soil compactness, proper cement/sand ration, slump testing, drainage engineering and earthquake resistance of the building.

This ensures that the project will not suffer from construction-related defects in the future. Choice-based re-modelling aside, buyers will not have to pay for structural repairs in the future.

  1. Adequate Amenities

Reputed developers know that it takes more than four walls to make a home, and will always strive to offer a good lifestyle to their customers. They will always provide facilities like proper parking spaces, adequate security, internal access roads, playgrounds, clubhouses and aesthetically landscaped open spaces in their projects.

Fly-by-night developers, on the other hand, will look to provide only the barest essentials in order to keep their prices as low as possible, since their main aim is to attract non-discerning, budget-strung buyers who do not look beyond their financial restrictions.

It goes without saying that a home by a reputable, credible developer will cost more than the threadbare offerings of anonymous local builders, but it is always worth it. If one chooses to patronize smaller, inexperienced developers, the only attraction will lie in the price – but the price one pays is actually much bigger than the one in the agreement.

Problems related to construction legality, lack of security and spurious engineering quality can result in massive future costs, and in the case of outright illegal buildings even a total financial loss. The additional amount paid to a reputable, trustworthy developer is an investment one makes into security, peace of mind and a high-quality environment for the family.

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  • rv

    Mr arvind jain, Please look into your own projects before preaching to others. Your project Pride Springfields in Bangalore does not meet any of the standards that you so pompously claim to have knowledge. There is water leakage, quality of doors is substandard( your maintenance persons demand money to repair your fittings even though residents already paid, your possession dates are well behind schedule. Your project coordinations will say yes to everything and then stand and gossip on the project site.Shame on you. I urge prospective buyers to double check quality of pride before doing anything

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  • rv

    Mr arvind jain, Please look into your own projects before preaching to others. Your project Pride Springfields in Bangalore does not meet any of the standards that you so pompously claim to have knowledge. There is water leakage, quality of doors is substandard( your maintenance persons demand money to repair your fittings even though residents already paid, your possession dates are well behind schedule. Your project coordinations will say yes to everything and then stand and gossip on the project site.Shame on you. I urge prospective buyers to double check quality of pride before doing anything

Next Story

Safety Measures Needed After Chicago Is Hit By A Spate Of Home Break-Ins

With a spate of home break-ins occurring in Chicago recently, homeowners are rightly worried about their safety.

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A house on fire (Representational image). Pixabay

A host of home break-ins have occurred in Chicago recently, leaving residents concerned for their safety. On November, 3, two masked men broke into a home in Back of the Yards which was occupied by three adults and a young child. They then callously stole a number of personal effects and set the property on fire before fleeing the scene. Meanwhile, a series of thefts have been reported in the Portage Park neighborhood. Thankfully, these types of losses are usually covered by your home insurance policy. However, extra precautions should be taken by homeowners looking to fight back against Chicago’s home thieves.

Chicago
Sadly, the two intruders who set light to the South Damen property have not yet been caught. Pixabay

Safeguarding your home with a firearm

The two men who entered the property on South Damen Avenue were armed with a handgun which was used to strike the 56-year-old male occupant of the property. It’s in cases like this where homeowners can utilize their own firearms to protect both themselves and their property. Illinois state law permits individuals to keep guns in their home so long as they hold a valid FOID card. In October, a 71-year-old Chicago homeowner used his firearm to shoot an intruder in the hand, before the police turned up and arrested the suspect. Police confirmed that the elderly shooter would not face charges as he had a concealed carry license.

Make life difficult for burglars

It is not yet known how the masked duo broke into the family home in Back of the Yards. However, one of the simplest ways to prevent thieves from breaking into your property is to make it difficult for them. Safewise states that the average burglary takes just 10 minutes to complete as intruders want to be in and out as quickly as possible to reduce the risk of being caught. It’s best to avoid glass doors and surrounds as these are easily broken into. Similarly, don’t provide access to a criminal in the form of a large pet flap on your door. Additionally, you should always ensure that your home’s doors and windows are secured – even on hot night.

Chicago
American flag waves beside CCTV cameras. VOA

Hook up security cameras

Sadly, the two intruders who set light to the South Damen property have not yet been caught. Following the break-in, theft and subsequent fire, the pair reportedly ran away in an unknown direction and the local police and investigating the incident. However, one way to deter burglars is to hook up security cameras around your home. Studies show homes with security cameras are 300% less likely to broken into. This is because security cameras increase the risk of a criminal being caught after they’ve committed their crime as high-quality images will be released of them. Therefore, they are less likely to choose your home as a target, especially if you stick signs up outside your home stating that 24/7 video surveillance is in use.

Also Read: Online Hate Thriving Even After The Recent Hate Crime in The U.S.

With a spate of home break-ins occurring in Chicago recently, homeowners are rightly worried about their safety. But by keeping a firearm in your home, using security cameras and by making your home difficult to break into, you’ll be better protected than ever before.