Off-plan property purchase means that you are buying into the concept and design of the development with the hopes that the project execution process will be a favorable one and that the end product matches your expectation. You are also trusting that the developer has the values declared or portrayed to deliver on agreed deliverables.

Building a house that can stand the test of time requires great precision and accuracy from top-notch professionals who can be held accountable. The dearth of such professionals and the rigors of building a house from scratch can sometimes be a tall order for an individual.

For homebuyers who do not wish to go through the rigors of building from scratch, the off-plan property becomes a preferred option. It offers the opportunity for some personalization while taking away the stress of building by yourself.

According to Wikipedia, Off-plan property is a property before a structure has been constructed upon it. Pre-constructions are usually marketed to real estate developers and to early adopters as developments so that the purchaser can secure more favorable finance terms from their lenders

Property investors or property speculators purchase off-plan property with the aim of making substantial capital gains. This financial return may occur because developers who sell off-plan property often offer financial incentives or discounts to early adopters.

In addition, there may be an opportunity for capital growth in a rising market with a development cycle of typically 12–24 months.

Off-plan property is typically deemed attractive if there is a high level of infrastructure in the immediate area such as a new university or expressed roads, either already built or due to be built within the next few years

One of the perks of subscribing to an off-plan property means that you are buying below the open market rate at which already finished units will be sold for.

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