Hello. Recently I have been house-hunting, and I found an apartment that I really liked. The location is very convenient, it has only one bedroom, which is all I need. The pricing isn't not too bad either, I can reasonably afford it. And it's brand new. So it's perfect in everyway.

However, I did some more research and found out that the developer for this property is very new, it's only 11 years old. I looked up its name in BBB and it says its not credited. I tried to look for some kind of review for this company and found nothing. This company really has no reputation to speak of, because in terms of real estate development, 11 years is nothing. It's not enough time for people to know whether they are a competent builder because they haven't developed a lot of properties and it hasn't been long enough to say for sure whether the quality of their work is good or not. I am also worried that they might go bankrupt. I know that I cannot say that just because it's new, that it means it must be an inexperienced or bad business. But I am just worried that it might go out of business before the warrantee for the building structure expires. Or something might go wrong with the building and we will have no recourse. I don't have a lot of money, and if I do buy this unit, it will mean all of my money plus I will have to work for many many more years. It's a huge investment for me, and I am just really scared if anything like the above happens.

If you were me, would you consider buying this apartment? Thanks.

This post was edited by JessiWan on Aug 13 2022 12:59pm