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Buying your first home - what should a new buyer know?
Buying an apartment is one of the most important decisions in life. However, in modern Georgia, buying an apartment does not only mean obtaining a certificate of ownership. Living in new buildings is associated with a number of responsibilities and rules, the knowledge of which is especially important for people who are returning to Georgia after many years or are taking this step for the first time.
Modern apartment complexes no longer function in the chaotic manner they did in the 1990s. Each building has a chairman elected by the residents, who coordinates the maintenance of common areas and the management of the building.
- The chairman collects and controls funds for common needs;
- makes decisions about bank accounts, contracts, and cooperation with service firms;
- is responsible for transparent communication with residents.
This system ensures that common areas are protected, clean, and safe.
Common expenses - what do we pay every month?
When living in new buildings, each resident is required to contribute to common expenses, which often surprises many. These expenses may include:
- Cleaning and lighting of the hallway;
- Elevator maintenance and technical inspection;
- A fund for repairing the roof, communications, and common infrastructure;
- security and camera systems;
- Sometimes - yard improvements and landscaping.
Costs vary depending on the building, but the main principle is transparency - residents should always know what their money is being spent on.
In today's Tbilisi and other cities, newly built buildings are increasingly equipped with modern technologies:
- Electronic chips - instead of a regular key at the entrance, residents use chips, which increases security;
- Video cameras - installed in almost all new buildings to protect common areas;
- Elevator cards - in some complexes, access to the elevator is only possible with a card or code.
All this means that the apartment buyer should know that he will not only live in the apartment he owns, but also in the entire building system.
Often, immigrants who buy an apartment from afar think that it is enough to buy an apartment and they will not have any further obligations. In fact, living in a modern apartment complex means:
- Regularly paying bills for common needs;
- Participating in general meetings where decisions are made.
Why is all this positive?
Some perceive these costs and rules as an unnecessary burden, but in reality they create a safer and more comfortable living environment. A modern management system allows:
- The building to not collapse in a few years due to neglect;
- Residents to have a well-maintained yard, a well-lit entrance hall, and a functioning elevator;
- The value of the apartment also increases, because real estate in a well-maintained building always costs more.
In today's Georgia, buying an apartment does not just mean owning private property. It is a part of public life, where owners jointly take responsibility for common spaces and pay certain amounts for the common well-being. That is why, before you buy a new apartment, you should know well what obligations it entails, what kind of order operates in the building, and what standards it is governed by.
This knowledge will avoid misunderstandings and make it easier for you to adapt to the modern living environment.
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