Signs of a stalled construction

reliable and proven developer can also be left without money for the completion of their facilities. Usually, developers do not immediately report problems to real estate investors, but they can be calculated independently.

1. Construction is not active

One of the most reliable ways to find out whether construction is underway is to arrive at the construction site and see for yourself. If there is no activity at the construction site (2-3 workers sticking around the site is not counted), and the floors do not grow, then the matter is bad. Many developers offer supervision over the construction site through an online broadcast. But in a crisis, you cannot trust everything you see on the network 100%: to hide the real situation, the developer can replace the broadcast with a recording (this has already happened).

2. Big discounts

The instability of the economy and the decline in consumer activity are forcing developers to sell housing at a discount. But “generosity” should have a limit: both in terms of the discount and the duration of the special offers. If the seller of apartments in a new building for several months promises a discount of 15-20% and above, then this may indicate serious financial difficulties of the company and unsuccessful attempts to find funds for the continuation of construction.

3. Frequent change of general contractor

In most cases, developers attract third-party general contracting organizations to construction sites. If the general contractor has changed once - worry early. On the contrary, this may be a sign that the developer is concerned about the quality of the work, and the previous contractor did not have much of this. But if the change occurs frequently, then most likely, the general contractors themselves leave the project due to the fact that the developer does not fulfill its financial obligations.

4. Changes to the project declaration

As in the case of a single change of the general contractor, changes in themselves to the project declaration in reasonable quantities are not unusual. This feature provides 214-FZ. Moreover, according to the law, a number of changes must be made quarterly. However, equity holders should carefully look at the essence of these changes. If once again the terms of commissioning the residential complex have been changed, then this is a reason to contact the developer for clarification.

5. Avoiding communication with customers

Another obvious sign - the developer's attempts to avoid communication with their share holders. Especially in the case when the buyers of apartments have reasonable suspicions that the construction was up. Indeed, in most cases, all problems with equity holders can be resolved peacefully, if you engage in a constructive dialogue with them and inform about all delays in construction. Attempts to pretend that nothing bad is happening will only aggravate the situation.