We find apartments, chalets and plots in Bakuriani, check the documents and run the deal through to the registry extract. The resort is being built fast, so checking the developer matters more here than inspecting the finishes.
What we check
The registry extract: owner, encumbrances, attachments; for new builds — the permit, the status of the building, the contract with the developer and the deadlines; the land designation and the building zone for plots; the terms of the management company and of any rental programmes offered; insulation, roof and engineering, with an instrument inspection where needed.
What we take into account in Bakuriani
The first is the developer and the deadlines. A lot of apartments are being built, discipline varies widely, and a year’s delay means a missed winter season — that is, the bulk of the annual income. We look at the history of completed projects.
The second is rental programmes. They are often offered together with the apartment, and the terms differ: a fixed payment, a percentage of revenue, a compulsory period under management. We read the contract and explain what you will actually receive. The third is the structure: insulation, snow load on the roof, protection of the pipework against freezing.
The deal
Negotiation, deposit, contract, the Public Service Hall, registration, keys. For buyers from outside Georgia — a power of attorney, settlement through a bank or a notary’s escrow account.
After the purchase: renovation, outfitting, management. All services: Bakuriani; general terms: property search.