The 3 P's to consider when purchasing off-plan

Purchasing off-plan properties has become a popular choice for many homebuyers and investors. Whether you choose to live in the home once construction is complete or use it for rental, it is important to consider certain aspects before signing a sales agreement to seal the deal. Here are 3 key elements to keep in mind.

Proximity and position

Location will continue to be a key factor when buying property. Learning more about the amenities close by, safety of the area and knowing about other future developments will affect your living arrangements in the next 2-3 years upon completion and how it will influence the value of the property in the years to come. The Sibaya Coastal Precinct is a catalytic region and has become one of South Africa's most sought-after precincts to date. Having good schools, medical facilities, and access to business and commercial regions, will ensure that you receive great return on investment in the future as they have a positive effect on the home.

Price-point

Purchasing an off-plan property can save you money. When developments are launched and offered to public, the off-plan costs are significantly lower than when purchasing a completed home. Many developers often only require a deposit to secure the property, giving you time to save towards other costs like your bond registration and transfer costs. This means that seaside living is more accessible when securing property off-plan. When purchasing directly from the developer, the homeowner will not pay towards transfer duty.

Product

You're purchasing from an artist's impression of what your future home will be like, therefore, it is important to ensure that you research the developer thoroughly. From investigating the developer to knowing what their past developments are; this can give you a strong indication on whether they have delivered on their promise. Devmco Group are one of the leading developers within South Africa who deliver on their vision and create a full-circle experience.

Devmco Realty are a passionate team of property experts who will help you purchase your next off-plan home. We assure our clients that all of the properties that we sell, align with these 'three P's'.