Buying property off the Plan
Buying property off Plan means is making a deposit before construction
(sometimes the constructions may not even have started) for instance 10% & make
the rest of the payment once the construction is completed.
You could consider few factors before going for a property off a plan:
Going for a smaller to medium size property can be very beneficial, as the
length of completion of the property will not take long compared to the large
properties.
Going for property form a known developer/builder, can give you a piece of mind
as the construction is completed on time and in quality.
Try going for property with house hold equipments like dishwasher, microwave,
air-conditioning etc as they can be real cost savers.
Never buy if you cannot afford the property, if in case you cannot sell the
property, you will have to pay rest of the payment.
Make sure you go through the plans and site carefully. Consult a professional or
lawyer if you are confident as they can be tricky to understand.