Residential Property Developers | Pre-sale Services | Maintenance Budget
VFM property managing agents pre-sale services advises residential property developers on service charge maintenance budget and lease terms for sales packs.
Residential property developers will need to provide pre-sale services information to prospective purchasers. This pack would normally include details of the service charge maintenance budget and the agreed lease terms requiring the involvement of specialist block management advice long before projects near completion.
As professional property managers and Chartered Quantity Surveyors we fully understand your needs as a developer marketing your new block of flats or new build private estate.
Property developers who have residential new build flats and apartments for sale will need to advise prospective purchasers on the maintenance budget for future running costs. Purchasers will want to know the estimated service charge maintenance budget and who the property managing agent will be. Setting these charges accurately is important and will ultimately influence the sale price allowing the developers and their agent to successfully market your property.
Of course as a residential property developer you have a wide choice of property block managing agents however why not choose one that can add value ? Appointing an RICS Chartered professional and Corporate member of ARMA delivers a strong message to prospective purchasers. Not onlyabout the development itself but also about you and your reputation as a developer.
The clear image to your clients and the industry in general should be one of high quality and professional standards and we believe that the choice of agent is a key element in obtaining the best return on your property sales.
The importance of confidence in your product from buyers cannot be overstated and the benefit of quality assurance for new home owners will reflect the standing and brand of the developer and its team.
The pre-sale services we offer to developers which are both flexible and comprehensive include; advising on suitability of specifications and finishes with future management in
mind, the content of the property lease in respect of practical maintenance and repairs, estimating a realistic and affordable service charge budget for circulation with your sales team and potential purchasers. Other specialist specific developer services are available on request. We would also look to assist by shouldering some of the burden of purchaser enquiries regarding possible defects. Effective management of this process requires that we obtain specific details of developer warranties and guarantees giving a clear understanding of responsibilities in this regard.
In conjunction with the conveyancers and solicitors employed to arrange and agree property sales, we can also help advise regarding the lease terms and deal with service charge and maintenance enquiries in respect of the lease.
Right from the start of the sales process, some developers prefer to set up a property management company to be collectively owned and run by the purchasers and leaseholders. We are able to arrange set up and provide an ongoing, comprehensive company secretary service covering all duties and aspects of the company administration including compliance with the company’s Memorandum and Articles of Association.