For some reasons, buying a house or unit that does not yet exist can be intimidating. It is getting normal to inspect goods before we buy so we know exactly what we’re getting as consumers. To see is to believe. Simple.
Apparently, a golden rule in real estate is that it is a long-term investment and not speculative. Therefore, if you plan to hold your property for at least a decade to give yourself the best chance for good capital growth. It could be seeing that benefits to buying off-the-plan can include lower prices than established properties but not always. In some customisation of floor plans and finishes could be available, only paying 10 per cent deposit until after the project is complete.
However, while there are many potential benefits, off-the-plan purchases also come with risks. There, here are some tips to consider if you are intending to purchase an off-the-plan which will help you make a more informed decision.