1. What is the objective?
Income, capital growth, personal use and capital preservation are different goals. An asset that suits one may be wrong for another. Define the objective before comparing options.
2. What is the complete commitment?
Look beyond the headline price. Consider deposits, staged payments, finance costs, registration, service charges, furnishing, operating costs and the cash required if circumstances change.
3. Which documents support the story?
Ask for the relevant contracts, ownership or project documentation, payment schedule, specifications, disclosures and counterparty details. Promises should be checked against written obligations.
4. What happens if the plan goes wrong?
Test delays, softer demand, higher financing costs, lower rent, unexpected expenses and an early exit. The downside deserves the same attention as the projected upside.
5. Who is the future buyer or user?
An exit is not a button. Consider who may realistically buy, rent or use the asset later, what alternatives they will have and why your opportunity will remain relevant.