Questions to ask if you are Buying Off-plan Property

Facts you Know about Off Plan Properties

Off-plan real estate means it hasn't been built yet. You see, most real estate agents are willing to sell you properties off plan because they know it's an investment that pays dividends as your new home is being built. But what questions should you ask your developer/realtor/builder before buying off plan?

There are a lot of questions that could be considered important prior to purchasing an off-plan property,

7 questions that will help you make sure you're getting exactly what you need from this investment opportunity.

1. What is off-plan property?

   Off-plan property is a building that is not yet completed. It's bought on the agreement that it will be completed in the future, usually between one and five years. Buying a home ‘off-the-plan’ means signing up to buy a property that hasn’t been built yet. You can view the developer’s plans, designs and renders for the property, but you can’t view a physical building.

2.What if the property prices of the off plan property market fall?

If you are considering investing in off plan property, it is important to think about what is going to happen if the property prices fall after buying off plan. Is it possible that you will not be able to sell this at a lower price? This may sound like a theoretical question but in fact, many people have encountered this situation.

3. What are the benefits of Purchasing off-plan property?

What are the benefits of buying off-plan property? When it comes to investing in off-plan properties, there are many different advantages for you to consider. The most common of these advantages is the fact that many of these properties are still being built, meaning that when you purchase one of these properties, you'll already be getting its full potential realised from the get go.

4. How to make sure that Off-plan property is finished to a high quality?

When it comes to buying an off plan property, it can be difficult to make sure that the developer has a good track record. There are no guarantees of a successful build; however there are indicators that may indicate a reputable developer. It’s important to get a thorough survey before you buy an off plan property and make sure that the developer has a good track record. With our Affordable Home Ownership Solution for Off Plan home buyers today, we focus on just developers with solid track records and experience in building solid homes.

5. What is the process of Buying off-plan property?

In order to buy an off plan property, you will need to do an extensive amount of research. You will want to learn what stage of development your chosen area is at and the experience of the developers involved. It is also important to analyse local laws and procedures as well as laws that pertain to property ownership.

6. How to identify the right Developer?

When choosing a property, it's important to find out what kind of developer they are and their track record. The developer’s past projects are often the best indicator of how successful they’ll be in the future. Having a property investment portfolio isn't an easy task. Not only are you taking on more houses than you really have time for, you're also managing multiple properties at any given time. With that much going on, it's important to make sure your portfolio is managed properly and that each investment contributes towards a larger return.

7. How Can Inch & Brick Realty Help You With Your Off Plan Property Investment?

When it comes to your home, Inch & Brick Realty brick is the one company you contact. Whether you are looking to buy, sell or rent a property; their professional team will be with you at every step. You'll never need to look elsewhere because Inch & Brick Realtyis here to help with everything from searching for the right property to preparing documents, everything in between. Follow these steps to get consultation.

• STEP 1: CONSULT - Book a call with us to discuss your real estate investment needs.

• STEP 2: IDENTIFY - During the consultation, we’ll uncover your investment needs.

• STEP 3: ANALYSE - We swiftly rush into action to get the verified properties investment that meet your needs.

• STEP 4: PRESENT - You’ll see your next investment through physical inspection or virtual tour.

• STEP 5: ACQUIRED - Congrats, your new property is ready & we’ll take care of the paperwork.

• STEP 6: SUPPORT - As a client, we’re prepared to give you all the necessary support you need.