Benefits of Buying Off-Plan: Why The Time To Invest Is Now

Buying Off-Plan

Buying off-plan means that you are investing in the property before it has been built, whether that’s during or prior to construction taking place. Buyers may only have access to CGI’s, floor plans and specifications at times, which understandably can appear risky, however, buying off-plan can be beneficial.

Over the last few years, the off-plan development market has become increasingly popular. To secure the best off-plan investment, an area with exponential growth is important and desirable.

Cities providing successful regeneration projects have noticeably attracted numerous business opportunities and improved the lives of existing residents in both the local and regional economies, offering real value to the city in both the public and private sectors. 

Development Pricing

An additional benefit of buying off-plan is that it holds high popularity with investors, as it is a much cheaper way to buy. When investors purchase during the planning or construction stages, the value is more than likely to go up by the completion date.

In some cases, developers can offer discounts for early investors such as securing a cheaper deal, negotiating staged payment plans, and making smaller deposits. Once completion rolls around, it will automatically attract a swarm of investors, increasing demand and driving up prices.

Therefore, to invest in off-plan property, you are not only getting a cheaper alternative but there is huge potential for profit to be made as the value will increase over time.

Modern Design

The final key benefit of purchasing off-plan is the attractive, modern design. When purchasing a development off-plan, you, as an investor, will have the ability to choose a specific unit and its benefits. However, to secure the best unit, the sale process works on a first-come, first-served basis and so you must get in there relatively quickly to secure the best deal.

To increase attractiveness, an off-plan property will have a new-build design. Off-plan properties are new or refurbished builds, which guarantees a contemporary build, benefiting from energy efficiency and environmentally friendly specifications and safety standards. Modern tenants are focusing more on living in greener properties. Being a landlord for off-plan new builds almost guarantees hassle-free encounters with tenants.