An off the plan property is a property that has yet to be built and is bought by referring to the marketing material including brochures, floor plans, images and schedule of finishes and signing a contract. As the development has yet to be constructed, there is no physical property to view and inspect; however you can get a general feel for the property through the provided material.
An off the plan property is a property that has yet to be built and is bought by referring to the marketing material including brochures, floor plans, images and schedule of finishes and signing a contract. As the development has yet to be constructed, there is no physical property to view and inspect; however you can get a general feel for the property through the provided material.
There are many great advantages and benefits of buying an off the plan property. Firstly, as the property has yet to be constructed and can take at least 12 months or longer to construct, buyers can often see their property grow in value over time without having to pay mortgage repayments which gives you more time to save. By the time settlement arrives, your off the plan property might have increased in value; by a significant amount. These properties also tend to be lower in price compared to a completed brand new property.
Secondly, buying an off the plan property will give you first choice of new apartments, which means you can choose the best apartment before anyone else can get their hands on them, whilst you only require a 10% deposit to secure the deal. Who wouldn’t want to pick from the best of the bunch?
So what are you waiting for? Browse our full range of stylish off the plan properties today to find the perfect apartment to suit you whether you are a first home buyer or a serious investor.
