How many times has a colleague or friend mentioned a
“difficult to imagine” opportunity, an industry to invest in, a project to back, and you hesitated? Someone talks about putting money into a particular sector
for future gains; you nod, you stall… then the moment passes. Does that sound
familiar? Life is full of these moments. You reassure yourself that next time you
will jump in. But then again, you blink.
Reassurances are comforting, but they do not move money,
and they do not build wealth. You have heard the phrase, “You need to spend
money to make money.” It is true, however, no future investment is risk-free,
even property.
So, when is the best time to buy? When is the best time
to sell? That is the real question.
Right now, in Zimbabwe, we are seeing a surge in cluster
and townhouse developments. But it is crucial to understand not all
developments are equal. That is a thought borrowed from Animal Farm by
George Orwell: “All animals are equal, but some animals are more equal than
others.” The same applies here.
So how do you determine which development truly serves
your best interests?
You need a realtor you can trust. Not every developer
finishes their project on time, and not every finished project is worth your
money. I know of a real development that has dragged on far beyond its promised
completion date with no clear end in sight. That kind of delay does not just
test your patience; it delays your return on investment.
And it is not just about finishing but also about how it
is finished.
An unfinished project with solid fundamentals is better
than a completed one that screams cut corners, cheap materials, and rushed
workmanship. New developments will always have minor snags, but those can be
fixed. What you do not want is a “new” property that starts costing you before
it ever starts paying you back.
So, think carefully before you invest.
Speak to a realtor who is not just trying to push a sale,
but is willing to say, “Walk away,” when something does not add up. If you
blink, yes, you can miss the golden window on a good development. But if you
rush in blindly, you may end up ruing what could have been.
Not all housing developments are a sure thing. The
difference is who helps you choose.
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