Skip to main content

REASONS WHY YOU SHOULD BUY OFF PLAN PROPERTIES

WHY SHOULD I INVEST IN OFF-PLAN PROPERTIES?

An off-plan property is a property which is available for purchase before it is completely constructed. Investing in an off-plan property is therefore purchasing property in advance of its completion. The demand for high quality urban living has necessitated the rise in off-plan property developments.
Below are some reasons why you should invest in off-plan properties.

1. You get properties at a lower price. Off-plan properties are typically sold prior to construction beginning at a significant discount, often with a small deposit requirement, some as low as 5% or 10% (a company I work with accepts less than 5%). This enables investors acquire properties below market value.

2. You have the opportunity to choose the choicest spot for your property in a given location. One of the biggest advantages of buying off-plan is selection. Unlike in completed buildings, you can usually select the ideal unit to suit your needs, tastes and budget when buying off-plan property. This is true when buying apartments in an apartment complex or houses in an estate. click here

3. There is room for long installment payments. In my experience, most ready apartments/ houses in Nigeria have to be paid for on outright basis or in installments not exceeding a year; but off-plan developments give you the opportunity for longer installment payments. A company I work with permits up to 5 year installment payments at 0% interest rate.

4. Your investment (property price) appreciates even when you are yet to complete payments. Some contracts even permit you to sell your unit at a profit to another party before the unit is completed or even built.

5. This might be the only option available in some prime locations as properties will not be available when completed. This is true with a real estate developer I work with. Once any of their property is completed, it is no longer available as most are even sold out months before delivery is due.

One might argue that buying off-plan properties is risky but I don’t agree with that. All you need to do is ensure you are buying from reputable developers within areas with growing levels of property demand. Properties in areas with high level of infrastructure such as a university, airport or express roads, either already built or due to be built within a few years will typically give optimum returns.

In summary, before you invest in an off-plan property, consider the property developer, location and infrastructure, and the terms and conditions of the investment.

Do you have questions concerning off-plan property investments? Do you want to invest in an off-plan property now? Do you need advice or want to invest in real estate?

If you answered YES to any of the above questions, reach out to me on Instagram

Invest in Real Estate today!

Labels:

Comments

Post a Comment

Popular posts from this blog

THE SIGNATURE, ABIJO

 The Signature is one of the beautiful places your family would love to reside due to its ambiance and serene environment. You can also buy for investment purpose within a short period of time. Don’t miss out on this great opportunity to own a property at the luxury in the suburban. Location - Green Park Scheme, Abijo. Opposite the CORONA INTERNATIONAL SCHOOL. Less than 3 Mins drive from the Lekki Epe Expressway Title : C of O (Governor’s Consen at in view) Price 5 Bedroom Investors Package - Pay  N40,000,000 (Outright), against the N47,000,000 after completion. There are other flexible payment plans you can go for 3 Months -  N43,350,000 6 Months -  N46,750,000 View the progress work 12 Months -  N47,950,000 18 Months -  N49,950,000 Also Available are, 2 Bedroom Apartment with BQ  N23,300,000 3 Bedroom Terrace with BQ  N32,500,000 3 Bedroom Penthouse  N38,000,000 5 Bedroom fully detached N50,000,000 (initial dep...
1 comment
Read more

VANTAGE COURT

😕 Have you ever dreamt of a HOME that would be designed with you in mind? A HOME that is brilliantly affordable and with so much benefits? A Home sweeter than its price? 💃💃... Then VANTAGE COURT IS THE BEST OPTION TO GET VALUE FOR YOUR MONEY Owning an apartment has never been this easy!💃🏼💃🏼 Why continue to pay rent  to Lagos Landlords when you can use your rent to pay for your own house? with just an initial deposit of 1M, you can secure your unit here today.  Introducing VANTAGE COURT, BOGIJE along Lekki/Epe Expressway, Lagos. Own unit(s) of 3 Bedroom fully detached apartment located within Richland Estate, Bogije along Lekki Epe Expressway. PAYMENT PLANS:  Outright 0-6 Months  - #16m  (Fully finished- #21m). Installment 7-12 Months - N16.5m(Fully finished-21.5m). Installment 13-18 Months - N17m(fully finished- 22m).   TITLE : Governor’s Consent   FEATURES : (a) Each unit comes with 3KV solar inverter (One-off payment) (b) Drainage (c) Green ...
Post a Comment
Read more

GENESIS COURT

GENESIS COURT A Serene Residential Estate, In The Heart of Lagos (Ajah). Genesis Court is a well managed residential estate located in the Ajah area of Lagos State.  The estate is a joint venture project between Urban Housing Cooperative of Lagos State (owners of Cooperative Villas Estate), First World Communities Ltd. (FWC Ltd.) and Neighbourhood Review Ltd. This is one of the best locations you can even imagine to live with your family and there are lands of various sizes available for: Security & Peace of Mind After the traffic and hustle that comes with living in the heart of Lagos, it’s ideal to return to a home & community that offers security, peace, serenity, facilities and ambiance comparable to living standards in developed countries. Everything You Need In One Place Location / Accessibility Genesis Court is located in Badore, Ajah; the diversion left at the Ajah Flyover Bridge (Ajah Bus Stop). It is located just beside the popular Cooperative Villas E...
Post a Comment
Read more