When you buy a house off-plan, it simply means a house that is still in its construction or planning phase, and so hasn’t been completed yet. When you invest in a project that is still under construction, it’s called off-plan investing.
Here are the secrets about off-plan house;
1. IT IS CHEAPER
Off plan houses are cheaper, you get the property at a discounted rate, once the building is completed the prices go up.
2. COLLABORATIVE DESIGN
You are fully involved in the designing and building process, you can decide on the room sizes and positions. for instance, you might want a bigger kitchen and a smaller bedroom vice versa.
3. ABILITY TO RE-SELL AT A PROFIT ON COMPLETION
As it is more than likely that your property will go up in value on completion, investors can choose to put their property up for sale and sell at a higher market value. This can be a good strategy for investors looking to earn profit quickly.
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4. SMALL DEPOSIT AND EXTENDED PAYMENT PLAN
Off-plan project have the added benefit of extended payment plans usually on installment, here in CHATEAU ROYAL REAL ESTATE LIMITED investors have the option to spread payment from 0-30 months, enabling them to purchase without a significant large deposit.
5. CHOICE LOCATION
Early bird investors have the option of picking choice locations within an estate as opposed to buying a fully built house where you don’t get a choose.
6. ABILITY TO RE-SELL AT PROFIT BEFORE COMPLETION
A smart investor can choose to invest in 3 locations and re-sell at a higher market value before completion. It is more likely that your property will go up in value before completion, this is also a good strategy for investors looking to make quick profit.
INVEST IN OUR OFF-PLAN PROJECTS
Currently at Chateau Royal real estate limited, we have two major off plan projects, namely Deluxe Bespoke and Halleyvine Residence.
These project is expected to yield 40% ROI in a very short period.