When you buy off-plan it means your future house is at the drawing board stage. The best thing about it: you can select any paint color, change around internal walls, and get any tiles, bathrooms, kitchens in this case you get custom design property as though it was self-build but you do not have to pay anything extra for private architecting.
If you buying a property off plan now you will secure the price of the property at todays prices. By the time the property complete it can cost twice more then what you paid making you a significant return on your investment.Remamber if you wait until more completed properties come on sale you may have missed the train any have been priced out of the market.
When you build your house developers usually ask stage payments from you throughout the building process. This means that you do not have to pay everything at ones you can save for each payment, you need to budget the payment and you are effectively securing a high value asset for a very low initial capital outlay.
Many investors buy off plan property never planning to pay for it and of course never intending to live there. The stage payment method gives them...
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