Snag Your Property Before Handover

In the last 2 articles, we have shared to you the advantages of investing in an Offplan Property and some considerations that may make investing in a Secondary unit an equally great investment decision as well.?

?At this point, you may have already decided to buy a property, offplan or secondary, and may in fact be anywhere within the payment schedule. Regardless, you are going to expect your handover soon.?

?It's about time we discuss now about what this industry calls as snagging or the property inspection executed before you officially receive your keys. Expecting your new home, you should know that it could not always be built perfect which is why an inspection is always to your advantage as an investor.?

What is a Snag Inspection or Snagging??

Snagging is a thorough, detailed audit of your newly built apartment or villa by a professional inspection engineer. A snag inspection identifies hidden defects that may cut short the happiness that you will experience as you set foot your new home as unidentified and unresolved pre-handover damages and defects come with issues that may surely turn your experience the other way around as weeks and months pass.??

How Necessary is it to Snag My Property??

Now that real estate development in Dubai has started to get busy again mid-pandemic last year and while beating deadlines and reducing construction delays become a major identifier for a so-called better investment opportunity, a snag inspection has never been necessary than now. When builders are under pressure to meeting a deadline, human nature will suggest the slightest of defects and damages.?

What will a Snag Inspection identify in my brand new property??

1. A snag inspection will classify as to whether an element of your property is in its worst condition, below standard, good standard or at its best condition.?
2. A snag inspection will identify an incomplete or a non-identical element in your property as per unit specifications.?
3. A snag inspection will determine missing elements in your property as per unit specifications.?
4. A snag inspection will ensure total customer satisfaction prior to handover ensuring property owner receives his investment in topnotch condition.??

The Professional Snagging Report?

Still images are utilized to show the damages and defects identified by the procedure to demand for repairs and replacements. A comprehensive snagging report enlists all damages and defects, collectively known as snags, found in your property that you may need your property developer to repair and replace prior to signing your handover agreement.?

Signing the agreement would mean that you are receiving your property in good condition and that whatever damages and defects incurred after your warranty period may have to be shouldered by you, the owner.?

In the next article, we are going to focus on what a Snagging procedure covers and the various damages and defects you have to watch out for prior to receiving your property.?

Our investment advisors in Blue Collection Real Estate, for both offplan and secondary, are well-informed that protecting investors welfare will require them to ensure that our clients receive their property at its best. Talk to your Blue Collection Real Estate advisor to know more about snagging.?

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Blue Collection Real Estate?is a specialty real estate brokerage committed to curating the biggest collection of premier properties in the United Arab Emirates, positioning the brand as the brokerage agency of choice for luxury waterfront real estate investments. Blue Collection Real Estate offers property sales, property leasing and investment advisory to broad selection of properties in the Emirates, from apartments with gleaming waterfront views to luxury penthouses and mansions.??

Bimal Lulla is the CEO of Blue Collection Real Estate (BCRE), with strong presence in the Dubai real estate industry spanning 15 years. He is an investment expert backed by an impressive track record in real estate investments, management and sales particularly in the waterfront and luxury real estate market segment. Bimal comes with in-depth knowledge and experience in business planning, management, and implementation. With remarkably strong negotiation skills and the ability to foster collaborative relationships with clients, developers, external consultants, legal professionals and regulatory authorities, he opened?Blue Collection Real Estate?in 2021, mid-way towards Dubai's pandemic recovery, a boutique real estate brokerage agency focusing on the niche where Bimal is known best: waterfront and luxury properties.

Connect with Blue Collection Real Estate by calling office landline: 04-5915777 or office mobile: 056-5001676, you may also reach us by email through [email protected].??