Part of our
Our Kobuleti guide already covers ownership, taxes, residency, and delivery timelines. These are the more practical, money-focused questions that come up once someone’s actually close to committing — financing, deposits, fees, and what happens if things don’t go to plan.
Can I finance the purchase, or is it cash only?
Most pre-completion branded-residence purchases in Georgia are structured as staged cash payments tied to construction milestones rather than a traditional mortgage. Some developers offer their own installment plans; ask specifically what Grand Millennium’s current payment structure looks like, since this varies project to project.
What currency is pricing quoted in?
Pricing on projects like this is commonly quoted in US dollars, with payment executed via international bank transfer. Confirm the exact currency and payment mechanics directly with the developer before wiring funds.
What happens to my deposit if I change my mind?
This depends entirely on your specific reservation agreement — some deposits are fully refundable within a set window, others are partially refundable, and some become non-refundable once you sign the formal purchase contract. Get this in writing before you pay anything.
Can I resell my unit before construction completes?
Many pre-completion contracts allow assignment or resale of your reservation before handover, sometimes with a transfer fee or developer approval required. Confirm whether this right exists in your specific contract — it’s not universal.
What if the developer runs into financial trouble?
This is the core risk of any pre-completion purchase, covered in general terms in
Guide 01
.
Ask specifically what security exists — escrow arrangements, staged payment structures tied to verified progress, or developer track record — rather than relying on the marketing materials alone.
Are there ongoing service or maintenance fees?
Branded residences typically carry an annual service charge covering shared amenities, building maintenance, and management overhead. Ask for Grand Millennium’s specific fee structure and what it covers before comparing net yield figures across different projects.
Can I visit the site before buying?
For a pre-completion project, a site visit typically shows the construction stage and surrounding area rather than a finished unit — still valuable for verifying real progress against what’s advertised. Ask the developer or your agent to arrange this directly.
Is there a minimum investment, or can I co-own with someone else?
The minimum is generally the price of the smallest available unit type. Co-ownership structures exist in some projects but add legal complexity — confirm whether Grand Millennium supports this before assuming it’s an option.
What insurance is typically included?
Building insurance covering the structure itself is usually the developer or management company’s responsibility once operational; contents and liability coverage for your specific unit is typically the owner’s responsibility to arrange separately. Confirm exactly where that line sits for this project.
Are there fees beyond the advertised purchase price?
Budget for registration fees (typically modest, as covered in our
), legal fees, and any furniture or fit-out package if the unit isn’t sold fully turnkey. Ask for a complete, itemized cost breakdown rather than just the headline unit price.
Several of these answers are deliberately general rather than Grand Millennium-specific, because the exact terms on financing, fees, and contract structure weren’t publicly confirmed at the time of writing. That’s exactly the kind of detail worth getting in writing before you commit — not assuming based on how other projects on this coast typically operate.
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