he general lack of Here are my five pros of
stability or guarantee of purchasing off plan: -
returns available from the
stock market coupled with a 1) By buying before a single
global housing boom have resulted layer of bricks has been laid you
in many more investors putting have complete control over the
their hard earned sums of cash internal layout and finish of
into real estate around the world your property.
over the past year or so.
If the home is to be a holiday or
Some of these investors have second home you can customize it
simply purchased second homes, to your tastes, alternatively if
some have developed and flipped it is to be let out or flipped
houses while others have bought and sold on for profit you can
into real estate investment funds customize it to fit your target
and trusts for example - but the market. If you'll be corporate
one thing that many of those letting the property you can spec
profiting from property have in it up to the max, if you're going
common is consistently cashing in to be selling to a family you can
on off plan real estate ensure there's at least a second
developments. bathroom and that the bedrooms
and family spaces are decorated
And even if the global property appropriately for example.
market is about to take a tumble
into recession as some doom and Basically, buying off plan gives
gloom-mongers will have you you more control!
believe, there are still profits
to be made from off plan 2) You are buying the off plan
properties. property at today's prices - you
are fixing and future proofing
the cost of the property meaning you heard me right!
that not only can you budget to
afford it, but you will also Instead of making the final lump
benefit from any natural periods sum payment on your off plan
of inflation that the local real property you can flip it by
estate market enjoys meaning that putting it on the market as it
when the property is completed in comes to completion. You will
twelve to eighteen months time take back what you put in to the
you will benefit from any property plus all the profit and
increase in the underlying value you need never make that final
of the house. payment if you time your
investment right.
The equity growth potential from
buying off plan is a great plus! 5) Many constructors encourage
investors to buy off plan as it
3) You will have the full period allows them to use your funds to
of the build duration to pay for pay for the building of the
your property meaning that you development - in return they
don't have to find a large offer you guaranteed rental
capital lump sum up front to yields for a fixed term.
afford it.
By buying such an investment
You can work and save to meet the property off plan you will future
stage payments throughout the proof the price you pay for it,
build process making buying off you will benefit from any natural
plan an affordable way to acquire inflation in the housing market
a home! during the build period, you will
then also generate a fixed rental
4) You need never pay in full for sum annually for a given period
your off plan property - yes - and throughout that period as
well you will reap the rewards of profits all round from off plan
housing market inflation in terms properties!
of the rise in equity that your
property will gain meaning
About the Author:
Rhiannon Williamson is a freelance writer whose many articles about international property investing have appeared in publications around the world. Visit this link to read her latest articles about Property in Bulgaria http://www.shelteroffshore.com/index.php/property/cat/C58/
Source: www.isnare.com
