Everything You Need To Know About Orbi City Twin Tower
In the 2000s, Orbi Group originally started as a car wash company that was started by partners Zaza Zoidze and Giorgi Bitsadze. After some time Giorgi left the company, and went on to form Alliance Group, another development firm in Georgia.
Orbi has built various vacation homes and properties in Georgia. Some of these include the Orbi Beach Towers, the Orbi Twin Towers, and The Orbi City.
These vacation homes are located in prime locations on the beach, which is attractive for many investors. However, with this comes the 24/7 music and activity from the beach parties, which can be loud and busy during the season.
Should You Buy A Vacation Property At Orbi?
If you plan on using the vacation home for your own use, then Orbi Tower projects are a good choice. These are located in areas with great sea views.
If you plan on renting the property out, make sure that you maintain a good 5 star rating. This will help boost the occupancy rate and prevent issues from arising. You should also compare the reviews of the various property management companies in the area.
Guide on Purchasing Your Next Vacation Property In Batumi
Before you start the process of buying a vacation property, it’s important that you understand the various factors that affect the purchase process.
- – Research your options
- – Find the perfect property
- – Get pre-approved for a mortgage
- – Negotiate with the seller
- – Find good property management
Step 1: Research Your Options
Before you start the process of buying a vacation property in Batumi, it’s important that you understand the various factors that affect the purchase process. One of the most important factors that you should consider is the location of your home. Some people prefer to be near the sea, while others prefer the quiet and peace of the mountains.
In Batumi, foreigners are not allowed to own agricultural land, and almost all of the land outside of the towns and cities is agricultural. This article will not cover the process involved in converting agricultural land to multi-use.
During the summer season, there is a lot of activity and entertainment near the Old Batumi and the sea. If you are planning on staying in one of these areas, make sure that you avoid the areas that are prone to noise and activity.
Step 2: Find The Perfect Location
Before you start the process of buying a vacation property in Batumi, it’s important that you understand the various factors that affect the purchase process. One of the first steps that you should take is to find the perfect location. This will allow you to enjoy the area and its various attractions.
Before you start the process of buying a vacation property in Batumi, it’s important that you understand the various factors that affect the purchase process. Having the right property will allow you to enjoy the area and its various attractions while you are there.
Step 3: Determine Your Budget
Before you start the process of buying a vacation property in Batumi, it’s important that you understand the various factors that affect the purchase process. Usually, a 20% down payment is required for a vacation home. However, you can also use a down payment of 10%.
Before you start the process of buying a vacation property in Batumi, it’s important that you understand the various factors that affect the purchase process. If you are planning on using financing, make sure that you have the necessary funds available. Some developers will allow you to get pre-approved for a loan with a 10% down payment. However, this loan must be paid before the building of the property is complete.
Most developers in Batumi will allow you to get a loan if the construction is not yet completed, but the interest rates are usually high.
Step 4: Choose Your Offer Strategy
Although it’s generally acceptable to negotiate a price for a property in Georgia, it’s also possible to get rejected by the locals due to their perception that foreigners have a lot of money.
Using a local agent or having a Georgian friend do your negotiations for you usually works better.
Step 5: Locate Good Property Management
One of the most important factors that you should consider when it comes to finding a good property management company is the quality of its staff. Having the right management team can help you achieve high occupancies and attract more positive reviews.
Finding the right property management will determine if your vacation property is profitable or not.
What To Look For In A Good Property Management Service?
There are several indicators to look for when selecting a property management team to look after your vacation property.
Transparent– delivering the best service at the price determined in the lease agreement
Marketing- Look at the booking website and occupancy history to see if they have a good marketing team that keeps occupancy rates higher than the industry average.
Available– Is their office accessible and clean? Are there service staff ready to serve?
One of the most important factors that you should consider when it comes to choosing a property management company is the revenue split. Some companies will provide a 50-50 split while others will offer an 80/20 split.
Conclusion: Should You Buy Orbi Twin Towers?
Before you start the process of buying a vacation property in Orbi Twin Towers, it’s important that you understand the various factors that affect the purchase process.