Lanzarote Villas – Buying Off-plan – What to Watch Out for
There are plenty of new and resale properties for sale in Lanzarote ideal as an investment or for renting out. But maybe you cant find the right one or perhaps someone else has beaten you to it. Another option is to buy offplan, but what are the advantages and the pitfalls?
Buying offplan is where you buy a new villa or apartment on a new development before its been built. So in effect, youre buying blind from just a plan of the property. Lets look at the advantages first. The main one is monetary. By the time your villa is completed itll almost certainly be worth more than you are going to pay for it. Youll have signed a contract for the property at a fixed price and thats the price you pay on completion. Often you will be asked to make stage payments to the developer as the building proceeds. On average, by the time you move in, the value will have risen by about 15 to 20% of the contract price. Other advantages are that often you may be able to make alterations to the design or content of your property as building work proceeds at a likely extra cost of course! Generally speaking though,...
To view and download this full PLR article, you must be logged in. Registration is completely free. Once you create your account, you will be able to browse, search & downlod from our PLR articles database of over "1,57,897+" on 1,000's of niches and 200+ categories without paying a penny. Click here to signup...
