What are the 5 benefits of buying an off plan property?
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Cheaper
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Faster
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Peace of mind
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Customisable
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Asset booster
Why buying a property off plan?
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Buying off plan is cheaper than buying a completed house or apartment.
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You can better customize your property (colours and fixtures, floor plan).
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Financing purchase with developers saves money compared to bank mortgages.
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Off plan property is brand-new ensuring peace of mind!
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Grow your assets by reselling at a higher price shortly after.
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Get a greater choice of location, property type, and design.
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A turnkey property is a time-saver compared to self-construction.
How to evaluate if a real estate developer is serious?
When evaluating a real estate developer's seriousness and reliability, there are several factors to consider. Here are some ways to assess a developer's credibility:
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Track record: Look at the developer's past projects and their success rate. Check if they have a history of completing projects on time and within budget, and if their properties have a good track record of occupancy, if completed projects are sold out.
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Financial strength: A serious developer should have sufficient financial resources to fund the project. Evaluate their financing options, such as whether they have secured financing from banks or other lenders, or if they have equity partners or private investors.
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Permits and approvals: Check if the developer has secured the building permit for the project, as well as compliance with zoning regulation.
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Professionalism and transparency: A serious developer should be professional and transparent. They should be willing to answer questions about the project and provide updates on progress through regular communication. They should also be willing to share details about their team, including architects, engineers, and contractors.
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References and testimonials: Ask for references and testimonials from previous clients, investors, or partners. This can provide insights regarding the developer's professionalism, expertise, and ability to deliver results.
By considering these factors, you can assess the seriousness and credibility of a real estate developer. It is important to do your due diligence before investing in a development project, as this can help mitigate risks and ensure that your investment is sound.
What are the benefits to buying a house off plan?
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Lower price: One of the main advantages of buying a house off plan is that it is often offered at a lower price than a completed property. This can save you money, especially if the property market is strong and prices are rising.
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Customization: Buying off plan allows you to customize the property to your specific needs and preferences. This can include selecting finishes, colors, and fixtures, and making changes to the floor plan.
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Better financing options: Developers may offer incentives such as lower deposits or favorable financing terms for buyers who purchase off plan. This can make it easier to finance the purchase of the property.
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New construction: Buying off plan means that you are purchasing a brand-new property that has never been lived in before. This can provide peace of mind, knowing that everything in the property is new and unused.
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Potential for capital growth: As the property market grows, so does the value of the property. By purchasing off plan, you have the potential to realize capital growth on your investment.
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Greater choice: Buying off plan provides greater choice of location, property type, and design. You can choose from a range of options that may not be available if you wait to purchase a completed property.
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Time to save: When you buy off plan, you typically have a longer period before the property is completed and you need to make the final payment. This can give you time to save up the funds you need to complete the purchase.
In Summary: buying a house off plan can provide several benefits, including cost savings, customization options, new construction, potential for capital growth, and greater choice. However, it is important to do your research and due diligence before making a commitment, as there can also be risks involved with buying off plan.
What are the 10 benefits of buying a brand new property from a real estate developer?
Buying a brand new villa, house or apartment from a real estate developer in Kigali, Rwanda, can have several benefits, including:
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Brand New Construction: One of the biggest advantages of buying a house from a real estate developer is that the property is new.
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Customization: Many developers offer buyers the opportunity to customize their new homes, which means you can work with the developer to create a house that fits your specific needs and preferences. This can include choosing your own finishing, selecting specific features and amenities, and even making structural changes to the home.
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Warranty: When you buy a new home from a developer, it usually comes with a warranty. This can provide you with peace of mind knowing that if any issues arise, you can get them fixed without having to worry about the cost.
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Energy Savings: Many real estate developers today prioritize energy efficiency in their construction practices. This means that the house you buy is likely to be more energy-efficient than older homes, which can result in lower electricity bills and a more sustainable living environment.
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Community Amenities: Developers such as Imara Properties in Kigali, Rwanda, often build communities with amenities like gardens, parks, swimming pools, and playgrounds. These amenities can enhance your quality of life and make your new neighbourhood feel like a welcoming and enjoyable place to live.
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Financing Options: Some developers offer financing options for buyers, which can make it easier to purchase a real estate property. These options may include special financing programs, low down payment requirements, and even in-house financing.
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Modern Features and Technology: Developers often incorporate modern features and technology into their homes, such as smart home automation, energy-efficient appliances, and high-speed internet connectivity. These features can make your home more comfortable, convenient, and efficient.
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Quality Construction: Real estate developers usually have a team of experienced architects, engineers, and builders who work together to construct homes that meet high-quality standards. This can ensure that your new home is structurally sound, well-built, and designed to last for many years.
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Better Resale Value: A brand new home from a reputable developer can often have a higher resale value than an older home. This is because newer homes are typically more desirable to buyers who are looking for a modern and move-in-ready home.
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Lower Maintenance Costs: With a brand-new home, you can avoid many of the costly maintenance issues that come with older homes. This can result in lower overall maintenance costs and less stress for you as a homeowner.
In summary, buying a house from a real estate developer can offer a range of benefits, including brand new construction, customization options, warranty protection, energy efficiency, community amenities, financing options, modern features, quality construction, better resale value, and lower maintenance costs.