Buying a house is arguably the most important decision that everyone has to take. Townships are one of the most popular real estate investments in the current time. These are large campuses that are self-sufficient since residential as well as commercial spaces are all present within it. Townships are the upcoming trend in real estate that will be the driving force shortly. Leedon Green is one such township that is very popular among investors.
Townships are great for raising a family due to the many features that they provide. People living in townships have a certain peace of mind that nothing else can provide. This is the main reason people like to invest in them. Townships are also known to retain their value very well and can fetch good profits in case you want to sell it.
The following are some of the things that you should consider when investing in a condo in the township.
Track record of the developer
One of the first things that you should take note of before investing in a townshipis the track record of the developer. A track record refers to the performance of the developer in his past projects. Make sure you go through the history of the developer and learn about how were his/her past ventures. If the past projects of the developer have been completed without an issue, then it is safe to invest but if they had some issues make sure why those issues happened and consult the developer before investing.
Availability of basic amenities
Most of the townships have all the basic amenities like shops, clinics, and other important facilities within the compound. You should analyze your needs and analyze if the township has got the facilities that you require. If you are planning to move into a township with your family you should make sure that hospital, pharmacies, schools, etc. are all within the township compound. If your township doesn’t have these, it isn’t a deal-breaker as they might be present near your township.
As most of the townships are constructed outside the cities, connectivity is one of the major deciding factors for buying a residential space in a township. Make sure that your township is well connected with nearby healthcare facilities, schools, bus stands and railway stations so that you can easily avail these services. Also, make sure that there are enough public transportation facilities for local commuters as well.
As townships are generally located outside the light of cities, security becomes one of the major issues for a lot of people. Make sure that the township has got a good security system that involves both man and machinery. Ask your developer or broker to give you a walkthrough of security system in the compound so that you can understand it better.
Power backup systems are also very important as power cuts can go on for days if the problem is serious. You should always check the power backup option provided by the developers, how it works, what are their specifications and how long it will last.