The real estate market in Egypt is constantly evolving, with new developments and projects popping up all the time. With so many options available, it can be overwhelming to decide which type of home is right for you. Do you want a fully finished home, complete with all the bells and whistles? Or do you prefer a core and shell unit where you can customize the finishing to your liking? You may be somewhere in between, and a semi-finished or fully furnished home is more your style. Whatever your preferences, it’s essential to understand the basics of each option before making a decision. That’s why we’ve put together this guide to help you navigate the sea of home options available in Egypt’s real estate market. By understanding the benefits of each option, you can make an informed decision that fits your unique needs and lifestyle.
The Developer’s History
When you look beyond the picture-perfect image shown on TV, you will find endless stories of developers who let their customers down with false advertisements, poor infrastructure, hidden fees, and late deliveries.
That is why checking the developer’s history is essential for deciding whether you want to purchase a fully finished unit or a core & shell one.
Choosing a developer with a bad history in finishing units could result in you paying more money than you had planned to remodel and refinish it.
So what should you do?
Ask around, search social media for reviews of the developer, and don’t be afraid to ask strangers on the internet for their honest feedback and whether or not the unit has stood the test of time.
With that in mind, here are a few benefits to consider when considering both options.
Fully finished homes benefits
It’s common now for real estate developers to offer units either fully finished, finished with kitchens and ACs, and sometimes fully finished and furnished. If you researched the developer well enough, you are ready to make an informed decision.
- It is hassle-free
When you purchase a finished home, you can avoid the stress and chaos of home renovation projects. Renovations can be time-consuming, expensive, and often require a lot of work and attention to detail. Home renovation projects can also be disruptive to your daily routine, especially if you are living in the home during the renovation process. On the other hand, buying a finished home means that you can simply move in and start enjoying your new space right away. This can be particularly appealing if you are a busy professional or have a family with young children. By purchasing a finished home, you can avoid the hassle and mess of home renovations, allowing you to spend more time with your loved ones and focus on other important aspects of your life.
- Done by industry experts
The real estate market is becoming increasingly competitive, and developers are constantly looking for ways to set their projects apart from the rest. One way they are doing this is by offering finishing and interior design services from industry experts. This can be a major advantage for homebuyers, as it means that they can benefit from the expertise and experience of professionals who specialize in creating beautiful and functional living spaces. With the help of these experts, developers can ensure that their projects are finished to the highest standards, using only the best quality materials and designs. This can result in homes that are not only aesthetically pleasing but also functional and comfortable. Additionally, by offering these services, developers can provide a more comprehensive and streamlined experience for homebuyers. Rather than having to hire their own contractors and designers, homebuyers can simply work with the experts provided by the developer to create their dream home. This can save time, money, and stress, making the home-buying process more enjoyable and rewarding.
- Move-in Immediately
Buying a finished home not only means that you can move in immediately, but it also means that you will have a clear idea of what your home will look like before you even set foot in it. This allows you to plan your furniture and decor accordingly, saving you time and money. Furthermore, if your home is in a cluster made up entirely of finished units, you can expect a sense of community and camaraderie with your neighbors. Moving in at the same time as your neighbors can create a shared experience and a feeling of belonging, which can be especially beneficial if you are new to the area. Additionally, if you have children, they may find it easier to make friends with other children in the neighborhood who are also moving in at the same time.
- You will pay finishing costs in installments
Purchasing a finished home can be a great option if you don’t have the financial resources to complete the finishing and furnishing of your home all at once. Instead, buying a finished home can allow you to pay for the costs of finishing and furnishing in installments, making it more affordable and manageable over time. This can be particularly beneficial for first-time homebuyers who may not have a lot of savings or equity to put toward home renovations. Additionally, paying for the costs of finishing and furnishing in installments can help you avoid taking on high-interest loans or credit card debt to pay for these expenses. Instead, you can make payments over a time that fits within your budget and financial goals.
Core and shell benefits:
What about the opposite choice? Are there benefits to buying a home core and shell? The answer is, of course!
Finishing your home yourself opens up endless opportunities for you to be imaginative and turn all your dream home ideas into a reality.
With that in mind, here are a few of the benefits of this option:
- Finish it to your liking
There is a type of joy felt when browsing through the endless options of tiles and wall colors to choose things specific to your style and character. Not only that, but you also get to decide where essential parts of the infrastructure in your home go, like electrical sockets, water, and sewage systems, and internet network systems.
- Cost of Remodeling vs. finishing from the start
An important aspect you have to consider is that the cost of demolishing and remodeling a finished house is far more expensive than doing it from scratch. So if you are sure about a project and uncertain about the finishing quality, it is better to choose a core and shell unit rather than a finished one.
- Control the quality of the material
Controlling materials used to finish your house can mean so much for your budget and the durability of the finishing. It is out of your hands when the finishing is left for the developer to decide, the cost could be way out of budget for you, or it could be within budget, but the materials used are cheap and will not stand the test of time.
Everything mentioned so far is a significant part of your house-buying journey, and In conclusion, whether you should buy a finished or unfinished home depends on your needs, preferences, and budget. If you prefer a hassle-free move-in experience and want to avoid the mess and stress of finishing a home, a fully finished home might be the best option for you. On the other hand, if you want to have control over the finishing process and the quality of materials used, a core and shell unit can give you the opportunity to customize your home to your liking.
Regardless of your decision, it is crucial to do your research and choose a reputable developer with a good track record. Make sure to check reviews and ask for feedback from previous customers to ensure that the developer delivers on their promises.
Ultimately, buying a home is a significant investment, and it is essential to consider all aspects before making a decision. Take your time, weigh the pros and cons of each option, and consult with real estate experts to help you make an informed decision that best suits your needs and lifestyle.
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