This is the second part of our 3 part series which answers common question about buying a new property off the plan, specifically in townhouse or apartment projects. Last time we covered the major benefits of buying off plan. Today we’ll focus on strategies you can use to find the right property.
Your personal circumstances will always determine your priorities so your approach could vary based on what you need to achieve as part of your purchase. Whether you are planning on living in the property or renting it out as an investment, the important fundamentals need to be considered to ensure you are really happy with the end result.
This is the first part of a 3 part series that will answer the common questions we are asked about buying a new property off the plan. Today we’ll focus on the benefits you can experience from this type of purchase. Then, in the next 2 instalments, we’ll cover how to find the right property and the purchasing experience and process.
If you’re not familiar with the term ‘buying off plan’, it simply refers to the purchase of a property that hasn’t been built yet. While this type of opportunity has been around for many years, it is not the most common way of buying real estate and as a result many people may not have purchased property in this way, so let’s look at what is involved.