A CHECKLIST FOR BUYERS
How attractive will the property be in 10 years? Is it near good transport links and the high street?
Will a future owner face steep ground rent increases?
How involved is the housebuilder in managing the development?
Does the flat have good views, balconies and spacious rooms that will be more attractive to a buyer? What about gardens, communal areas and sufficient parking?
Has the local town suffered a downturn economically?
How welcoming is the owners’ lounge? What other facilities are offered?
Does the development offer care services or meals that will appeal to older buyers?
A development that has exit fees gives the operator an incentive to keep values high, as they benefit, too.
Developers will help you buy one of their properties, but what resale support do they offer (apart from recommending their preferred estate agent)?