Why choose an off-plan development
Category Advice
Developers are understanding the market's demands and creating homes that will stand the test of time. Off-plan property development has become a popular choice for many first-time homebuyers as the barrier to entry is more achievable. We take a look at the three main benefits of purchasing within an off-plan property development.
Cost effective
Purchasing off-plan you avoid paying transfer duty, while all you need is the deposit upfront and a guarantee of the bond. You will only start paying towards the bond costs once you have taken occupation of the property. The development time period also gives you ample time to save towards the transfer costs and additional fees. If you purchase within the first phase of a development, you will see positive capital appreciation and savings as new phases are introduced with price increases further into construction.
Greater future value
Properties grow in value over time when you purchase a good product in a prime, sought-after area. You can expect to sell your home at a greater value in 2 years. Once an off-plan home is completed, you will be able to market your home in accordance with other homes in the area. A new property will also embody modern design and architecture making your home more attractive to potential buyers or the rental market.
No repairs and maintenance
A new home means there will be no renovations or refurbishment required. You will be able to move in without concerns of repainting or replacing necessary hardware in your home. This helps you save on further costs. Once construction is complete and transfers have taken place, you will take occupation and make your new property a home with ease.
Devmco Realty specialises in off-plan developments within the Sibaya Coastal Precinct. With boundless experience and your best interest at heart, you can secure an off-plan home and save while living large once you take transfer of the completed home.
Author: Devmco Realty
