Urban renewal

Financial Stability

When considering the financial situation of the developer it is important to assert whether the funds that the company invests in the project are from equity or with non-bank credit such as various investment funds. Of course, if the company uses with equity, it is a financially stable company. To complete the understanding of the financial background, objective information is available on the Internet through trusted rating lists such as BDI and D&B. In any case, we recommend that the tenants' representatives recruit consultants on their behalf who will thoroughly examine the financial stability of the bidders to ensure the developer's ability to withstand all the challenges throughout the entire project.

Company Service and Reputation

How long will it take from the moment the company expresses its interest until you receive an accurate and professional proposal? Make sure the company provides you with an immediate answer of clarification to any question. Even further down the line project, such as the issuance of a permit, clearance, and construction stages, it is important that the developer maintains ongoing communication and updates you regularly. In your introductory meeting, note the seniority of the company's representatives. Are the developers themselves sitting in front of you? Verify who will be your POC for the duration of the project. The first impression is important however, one should get recommendations from other people and tenants who are in the "Tama" process or buyers who have engaged with this particular developer in the past and can attest to service, accountability and availability.

Planning and Operational Experience

The Tama plan has gone through many changes throughout the years and today, most planned projects consist of demolition and reconstruction. Therefore, it is crucial to double check ho experienced the company is in various residential projects since it was established and not just in Tama 38. Has the company completed projects; how many years of experience in the field does the company have; can one go to see projects it has completed? In recent years, authorities have cracked down on regulating "Tama" and building rights. Profound experience and knowledge of the system, details of urban plans that vary from city to city planning levels are no less important than the company's portfolio. Shely Epstein's consultants and project managers have extensive experience in planning Tama 38 projects, investing much time into learning each city's plans and regulations, thus saving valuable time and bureaucracy in the planning and approval processes even before breaking ground while maximizing building rights to tailoring homes to the tenants' needs.

Did the developer invest in their due diligence at the negotiation stage?

Two things must happen for one to enjoy a fruitful project: Maximum meter space for tenants and sufficient profitability for the developer. It is important that the developer invests in thorough research at the negotiation phase. This will allow them to verify their ability to maximize the tenants' space while maintaining profitability in a way that would meet the lending bank's expectations. In the short history of "Tama 38" in Israel, hundreds of projects got stuck due to lack of balance between economic viability and incorrect planning. Although nothing is guaranteed for the developer and the expenses for plans, architects, simulations, etc., are high these invested expenses would benefit both parties. Check if the developer is willing to invest in more in-depth checks and to provide detailed plans. In fact, the investment shows the extent to which the developer believes in the project and how determined they are to win the contract.

Banking

Banking accompaniment is extremely important as the bank connects between the tenants and the developer, therefore companies working only with one of the five leading banks in Israel should be prioritized. The banks know the developers well thus keeping both parties safe.

Transparency

“Tama 38” projects are essentially a partnership between the apartment owners and the developer. A good partnership is one of financial transparency between all parties. Reports may teach a lot. Make sure the company is willing to share its financial reports and disclose its investment in the project. These factors should be considered throughout the entire process. It is always best to consult with more experts and other clients to help you make the right decision and to know that your home is in the safe and trustworthy hands.

We offer forward thinking innovative specifications and smart planning:

1. Leading architects highly experienced in the cities in which the projects are carried out
2. Common areas planned by landscape and interior designers
3. Smart home, easy to manage and maintain
4. Advanced parking lot
5. Bicycle and stroller storage
6. Daily Tama-related support including contracts, planning, clearance, permits, construction until it is time to receive the keys.
7. Personal user ID for direct daily contact throughout the entire project.
8. Community Relations Manager available 24/7