A track record means a lot in this business. Find out how long they have been operating for. Do a Google search on the company name and go and check out completed developments. Get hold of the chairperson of the body corporate and ask him or her a couple of probing questions. They must be registered with the NHBRC (National Home Builders Registration Council).

Be cautious; pay as little up front as possible. Do not sign any blank release forms and ensure that the correct money gets paid over to the developer as the project proceeds. Check out their PC lists (personal choice) to make sure that the values they have attached to fittings represents fair value.

For example, they might tell you that they have allocated R70 per square metre for carpeting but it is impossible to get carpet for less than R110 per square metre.

Article Supplied by iafrica.com, Iona Minton

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