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Here are five things to consider when buying an apartment in Sri Lanka

Global Housing > Blog > Investments > Here are five things to consider when buying an apartment in Sri Lanka

Here are five things to consider when buying an apartment in Sri Lanka

Apartments have become a pervasive attribute across the Sri Lankan urban development landscape since the recent past. Purchasing an apartment is a significant decision that has to be made considering multiple factors as it involves a hefty amount of money involved and it is not a reversible decision that can be done overnight.

At Global Housing and Real Estate (PVT) Ltd we pioneer in the building, operating & managing services related to property development offering affordable real estate in Sri Lanka. As the luxury apartment real estate market continues to grow the apartments for Sale in Sri Lanka is in an increasing trend creating a surplus in choice for the buyers making it difficult to narrow down their choices.

There are several crucial factors that require attention pertaining to the purchase decision and here are five factors to consider if you are keen to buy an apartment in Sri Lanka. This simple compilation based on our expertise over a decade will help buyers to navigate swiftly to make the right decision before you make a lasting commitment to the investment.

  • Know your developer

    The developer plays a vital role as the capacity to deliver what they promise is important. However, there are multiple companies that build apartments around the island but selecting the one that comes with expertise, experience and credibility is not easy to find. Best advice is to narrow down your choices then visit us (developers), visit similar projects that have been completed and are in progress to get a hands on experience

  • Location of the property

    It should be top of the list when looking to buy an apartment in Sri Lanka and to ensure it aligns with the purpose of your purchase, residential living, holiday home etc.

  • Know what you can afford

    And then narrow it down alongside your requirements as factors like Number of rooms, bathrooms, living room, pantry, laundry room, and other amenities will also affect the price of the apartment.

  • Facilities

    Facilities that come along with apartments is another key factor because most often buyers look for an apartment for convenience thus, prior knowledge on what facilities do you predominantly require will help narrow down.

  • After sales service & maintenance

    After sales service & maintenance is another crucial factor as the property maintenance is important because it will be a shared parking lot, elevators etc. Thus, maintenance is critical.

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