Features and risks of participation in shared construction
The main disadvantage of this method of buying housing is a long wait for the end of construction and finishing work. As a rule, this is a period of 1-1.5 years, it depends on the stage at the house during the conclusion of the contract.
Also, the disadvantage can be considered the moment that the final cost and deadline for renting an apartment may change due to the difficulties that arise among contractors, developers. The final price is also affected by legislative changes, crises in the construction industry and many other force majeure factors.
There is also a risk of “run into” the unscrupulous developers, there are many cases of fraud in this industry.
There is also the possibility of the fact that during the construction of residential buildings, the construction of shops, hairdressers, kindergartens, schools, clinics is postponed for several years. Another drawback of new microdistricts is a poor transport interchange.
In this case, of course, risk exists, but at the same time, the construction participants have a unique opportunity to get a kind of installment plan for new housing. Therefore, many citizens consciously come to such a risk that is associated with the characteristics of the shared participation of investors.