Considering buying an off-the-plan property? What are some of the pros and cons?

Like any real estate investment there are always going to be pros and cons to your purchase.
However buying a property off-the-plan is often seen as more risky than purchasing an existing property.

Advantages can include the potential to save money on stamp duty and earn capital gains as well as incentives provided by the developer. Having more time to save might mean a lower mortgage and you also have the opportunity to make minor modifications to your home in the planning stage.

Disadvantages can be a lower property value on completion, inferior structural quality and construction delays as well as the risk of the development failing.

At BUILD NEW HOMES AUSTRALIA, it is our job to ensure you achieve all possible benefits from buying off-the-plan and are subjected to little if any of the risk involved.

Read more in detail in this report…

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