{"id":13512,"date":"2020-12-21T06:00:08","date_gmt":"2020-12-20T19:00:08","guid":{"rendered":"https:\/\/trc-gorod.ru\/?p=13512"},"modified":"2020-12-21T16:42:57","modified_gmt":"2020-12-21T05:42:57","slug":"what-you-need-to-know-about-buying-off-the-plan","status":"publish","type":"post","link":"https:\/\/trc-gorod.ru\/what-you-need-to-know-about-buying-off-the-plan\/","title":{"rendered":"What You Need to Know About Buying Off-the-plan\u00a0"},"content":{"rendered":"<p><img decoding=\"async\" class=\"aligncenter wp-image-13513 size-full\" src=\"https:\/\/trc-gorod.ru\/wp-content\/uploads\/2020\/12\/What-You-Need-to-Know-About-Buying-Off-the-plan-1.jpg\" alt=\"What You Need to Know About Buying Off-the-plan\u00a0\" width=\"1280\" height=\"847\" srcset=\"https:\/\/trc-gorod.ru\/wp-content\/uploads\/2020\/12\/What-You-Need-to-Know-About-Buying-Off-the-plan-1.jpg 1280w, https:\/\/trc-gorod.ru\/wp-content\/uploads\/2020\/12\/What-You-Need-to-Know-About-Buying-Off-the-plan-1-980x648.jpg 980w, https:\/\/trc-gorod.ru\/wp-content\/uploads\/2020\/12\/What-You-Need-to-Know-About-Buying-Off-the-plan-1-480x318.jpg 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) and (max-width: 980px) 980px, (min-width: 981px) 1280px, 100vw\" \/><\/p>\n<p>&nbsp;<\/p>\n<h3 style=\"text-align: left; padding-bottom: 30px;\"><span style=\"color: #000080;\"><span style=\"font-weight: 400;\">Weigh it up &#8211; you&#8217;ll be surprised.\u00a0<\/span><\/span><b><\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Like a lot of things in life, there are pros and cons to certain kinds of property investing and buying off-the-plan is no different.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Buying a property off-the-plan means buying a house, townhouse or apartment in a complex that is yet to be built. Buying off-the-plan can be a great option but before you sign on the dotted line, here are some aspects to consider.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3 style=\"text-align: left; padding-bottom: 30px;\"><span style=\"color: #000080;\">Con &#8211; You can&#8217;t see the property because it doesn&#8217;t exist&#8230;. YET!<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Not being able to see, touch and walk through your new asset raises one very sticky issue. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">You\u2019re putting a lot of faith in the developers and builders to deliver the look and quality described in the glossy brochure. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you decide to buy off-the-plan and the end result doesn\u2019t live up to the expectation, you\u2019re not going to be in a great position. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Make sure you only work with builders and developers who have a proven track record and an existing reputation of quality and over-delivering. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Look for companies with a strong, reliable, proven brand. Now is not the time to take a chance on the rookie crew.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3 style=\"text-align: left; padding-bottom: 30px;\"><span style=\"color: #000080;\">Pro &#8211; You&#8217;ve Got The Luxury Of Time<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">One of the huge advantages of buying off-the-plan is you can pay a small deposit, lock in a property at an agreed value, and then sit back and do nothing while \u2013 if you\u2019ve done a good job \u2013 your property rises in value before it\u2019s even built. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">To be able to do this, it\u2019s vital you know the local market and choose an area that\u2019s got high liveability factor, i.e. people are always going to want to live there. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">If it works out the way you planned, your property will have equity by the time you settle.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3 style=\"text-align: left; padding-bottom: 30px;\"><span style=\"color: #000080;\">Con &#8211; Your Circumstances Might Change<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">It can take years for apartments and units to be built, and if 2020 taught us anything it\u2019s that anything can happen. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">You need to make sure you\u2019ll be able to get financing when the time comes to settle and you\u2019re not in a position where you could lose the deposit and the property. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">This is the element of personal risk involved with buying off-the-plan and highlights the importance of having some financial buffers in place should your situation change suddenly.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3 style=\"text-align: left; padding-bottom: 30px;\"><span style=\"color: #000080;\">Pro &#8211; You can assess the property in detail, even if it&#8217;s not built. <\/span><\/h3>\n<p><span style=\"font-weight: 400;\">While you may not be able to walk through the property, you will have access and time to analyse the floorplans. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">There is a skill to doing this, and you should talk to an expert to get some help, but when looking at plans there are two main things to be thinking about.\u00a0<\/span><\/p>\n<ol>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Will the space appeal to the local buyer\u2019s needs. For example, is there a lack of three-bed properties in the area that are in high demand, or is it studios that everyone wants? Look at what the demographic needs and wants are, and make sure your property offers it.<\/span><\/span>&nbsp;<\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Is the floor plan functional? If it\u2019s a three-bed apartment, does the square footage allow for king sized, or just single beds in some rooms?<\/span><\/span>&nbsp;\n<p><span style=\"font-weight: 400;\">Look at the amenities and storage space that\u2019s been built in, as well as the design features and square meterage. Make sure the property lives up to what renters\u2019 demand and expect from a quality property.<\/span><\/li>\n<\/ol>\n<p>&nbsp;<\/p>\n<h3 style=\"text-align: left; padding-bottom: 30px;\"><span style=\"color: #000080;\">Is buying off-the-plan right for you?\u00a0<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Buying off-the-plan is just one of many strategies to becoming a property investor, and it might not be the one that\u2019s right for you. On the other hand, it might be the approach that gets you out of the rat race fastest and with greatest wealth growth.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you don\u2019t know if buying off-the-plan is right for you, you can get educated and informed at one of our <\/span><b>free property investing seminars.<\/b><span style=\"font-weight: 400;\"> There you\u2019ll be equipped with the tools, resources and support to thrive, and not fall behind on your path to financial freedom \u2013 whatever that may look like for you.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Book your spot now and find out what you need to know about the current market landscape and how you can make it work for the ultimate wealth creation opportunities.\u00a0<\/span><\/p>\n<p><b>Book here &#8211;<\/b><b>\u00a0<span style=\"text-decoration: underline;\"><a href=\"https:\/\/trc-gorod.ru\/pin\/?tfa_46=tfa_5338&amp;tfa_245=PRE+Blog+2020&amp;tfa_5788=Tracked+Response\">Property Investment Seminar<\/a><\/span><\/b><\/p>\n<p>&nbsp;<\/p>\n<p><strong>Jason Whitton<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">Founder &#8211; TRC-Gorod\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; Weigh it up &#8211; you&#8217;ll be surprised.\u00a0 Like a lot of things in life, there are pros and cons to certain kinds of property investing and buying off-the-plan is no different.\u00a0 Buying a property off-the-plan means buying a house, townhouse or apartment in a complex that is yet to be built. Buying off-the-plan can [&hellip;]<\/p>\n","protected":false},"author":54,"featured_media":13513,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[15],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.11 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What You Need to Know About Buying Off-the-plan\u00a0<\/title>\n<meta name=\"description\" content=\"Buying off-the-plan can be a great option but before you sign on the dotted line, here are some aspects to consider.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trc-gorod.ru\/what-you-need-to-know-about-buying-off-the-plan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" 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