Advantages of New Homes Off Plan
09/09/2022

Are you looking to invest in a good property that gives you guarantees at an unbeatable price?

Many people think that buying already built properties is the best option to avoid surprises later on. But the truth is that resale properties have the disadvantage that they do not guarantee exactly what may happen to your home in 5 years, as being second hand may need renovations that are not visible to the naked eye, they do not guarantee the quality of the materials and it also depends a lot on the year of construction of the building.

Many buyers look for flats that have already been built to have a better idea of what their future home will be like and many prefer to pay more just for this simple fact. But the truth is that the new purchase options make you acquire a much more economical investment if we look at it in the long term. Getting better performance, guarantees and materials. Thus being able to recover the investment and double the benefits by getting a much more modern property for a very competitive price and with many more features.

These are some of the advantages of why it is better to buy a property off plan:

-Price savings:
By buying a property off plan you can save up to 10% and 20% more than when it is already built, thus giving it value when you already have your property revaluing the prices once it is already built. So it is always better to have a good eye when choosing an off-plan property and see it as an investment that even if you don't make a profit in the short term has many more advantages in the long run.

-Payment flexibility:
Normally, off-plan properties tend to take on average about 20 months to build and you only have to pay a reserve of 20-30% and the rest on delivery of the property, so it gives a lot of flexibility when it comes to saiving up.

-House choice:
The off-plan purchase allows us to choose the flat we like the most, both the floor plan, the orientation and the possibility of having a parking space and storage room. In any case, this possibility will also be conditioned by the number of properties available at that moment and will depend on each development. It has the advantage that if you are attracted to a development, you will have more options to choose from always getting something more adapted to your needs without having to search among what is already built, thus having a wider range of options.

-Possibility of personalising and adapting it to your taste:
The buyer will have facilities to make a series of modifications and adapt it to his taste. In some cases, it is possible to choose certain elements of the house, such as the type of flooring, materials, finishes, distribution of spaces or the type of kitchen. None of this happens when the purchase is conventional, where changes can be made, but the costs will always be borne by the buyer once they have the property. So it is much more versatile to suit you and your needs. So you can have more control over what you need.

-A range of warranties:
There are three types of guarantees when you buy a property off plan. During the first year, faults in the finishes are covered, over three years, that protection is extended against damage caused by defects in the construction elements. The guarantee extends up to a decade against any type of problem affecting the floor slabs, beams, foundations, load-bearing walls and any structural element. Giving you the peace of mind that your home is brand new with all the guarantees that can be given on a property.

The important thing to know when choosing a property is to know your needs to know what features you may need and to look for what best suits your ideal home within your budget. Many investors already have a good eye for choosing off-plan properties and know which homes are a good investment. If you have any doubts about what is best for you or what development might interest you, we can advise you so that you can find exactly what you are looking for without wasting time and being sure of what you are buying so that you don't get any unexpected surprises.