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Originally Posted by queenie40something
Hi off plan is cheaper but there are lots of disadvantages and I know loads that are soooo late. The developers always blame the conferences on Sharm as all the workers get escorted out of Sharm. I have had loads of enquiries for rentals on mine. I have had quite a few bookings and had to turn down quite a few. I have had loads asking for long term rent as well. Currently on our resort 1 bedroom apartments are renting for 3500le per month. Our maintenance is also a one off at £1500 for a 1 bedroom. You get this back if you sell. The interest from the maintenance pot pays for maintaining the resort and once interest is used up they will then have to dip into the pot of money. Hopefully it will last at least 5 years before we have to ' top ' it up again. Some resorts maintenanve fees are in excess of £300 per month! Also watch things like your electric and water. Both of ours are metered and cannot be tampered with. The electric is via pre payment card - we top it up on site and we get billed for the water. Normally when we are there they knock on the door and we pay for the units used. In height of summer with air con on it works out about 50le a week. The developers will set their own tariffs and not alot you can do about it so always ask what these charges are when looking to buy. Also find out if the meters are included in the price as often they dont mention when they arent and then you have to find the extra money to pay for them. My lawyers fees were £500 and I have all my paperwork stamped in the Cairo courts.
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There is so much to remember. I'm getting a lot of advice from a friend who lives in Aida. She is dead against resorts because of the maintence but i like the community feel of it and the fact that they have pools. I know i wont swim as much when i live there if i get a job but the fact that i can maybe have an early morning dip before i go or whenever i want does appeal. Thanks fo the info on the meters etc. i wouldn't have thought to ask for that. Do they tell you the price per wattage and what is the normal price to pay for elec and water when i ask?
I am going to go to a bloke who my friend recommended for furniture called Mohammed in Rowyastatt and i've seen you talk about the nabq furniture shop which i shall try as well. I find the furniture packages are very dear especially at pioneer and egyptian reality group. It's all so much to take in!!...lol.