Buying Investment Property Off Plan
No matter where in the world you want to invest, buying investment property off plan is a great way to save a healthy percentage off the purchase price. However, because there is no physical property for you to inspect at the time of purchase, you will have to rely on proper research to ensure both the quality of the development as well as the reputation and financial stability of the developer.
This is exactly where Dia Soleado Invest comes in. We take the trouble out of buying investment property off plan by researching and carefully studying countless opportunities - and bringing you only the very best! Just take a look at our property portfolio and see for yourself.
What’s more, many of our off-plan properties come complete with letting programmes and minimum rental guarantees. This means that you can put your mind at rest that your investment will be earning you money as soon as construction is completed.
Why would developers sell for cheap?
It is usually in the developer’s interest to sell a certain number of units in a new development as quickly as possible, in order to reduce the required capital outlay and minimise risk. Also, once the developer has recovered the capital, it can be immediately used to finance new projects. For these reasons, off-plan properties are priced very attractively for quick sale. The low price also compensates people buying investment property off plan for having to wait until the property is ready.
Pay by instalments and save on interest
When you are buying investment property off plan, you will usually be expected to pay an initial deposit, followed by instalments at fixed dates or when specific stages of the project are completed. This means that you can secure a property at a pre-agreed low price using just your savings or maybe a small mortgage, and eventually borrow more money as the payments fall due. In this way, you enjoy substantial savings on interest for the duration of the construction period.
Get to choose from the pick of the crop
The benefits of buying investment property off plan are not just financial. Buying into the earlier stages of a development means that you have a wider selection to choose from. This includes the most attractive properties, such as penthouses, corner units or properties with larger gardens, which are usually the ones that sell first. Yet another reason why it pays to be the early bird!
If you’re after making the most of your investment, off plan property is most probably the best way to go. Count on Dia Soleado Invest to guide you to the best property investment opportunities and to make sure that everything goes smoothly – from the buying process, to renting out your property and generating an income when it is completed.