What are the benefits of buying off-plan property?Benefits of buying off-plan property includes:
1.) Lock in a price
The main benefit of purchasing off the plan is that you get the opportunity to buy a home at a discount. Even if the property values go up during construction you will still pay the discounted amount for the property.
2.) Low initial capital outlay
In most cases, the developer requires you to make a 10 per cent deposit to secure the property. The full payment is made when the property has been built. This enables you to secure a high-value asset for a low initial capital outlay.
3.) Property appreciation
Depending on the prevailing market trends, the home bought off the plan may increase in value when you make the entire payment two or three years later.