Recently, real estate companies or developers are trooping into the off-plan property. This should tell real estate investors or whoever wants to invest in real estate that this is a vital key that should not be neglected.
What is off-plan property?
Offplan properties are properties that are not available at the time of purchase.
Offplan property is majorly apartment. They are property that is still in process and is still undergoing the development stage.
In a layman language, an off-plan property means, you’re paying a real estate developer or company to build for you a particular apartment (let say 3 bedrooms semi detached terrace), you signed an agreement with them and the company delivers to you within the space of few months.
Read related post: 7 Amazing Benefits of investing in off-plan properties
Real Estate company or developer took it upon them to develop the property and makes it available for sale for investors to key into it.
As at the time of sale, the prices are very cheap and as the development is rapidly going on, the price would gradually increase or appreciate.
For example, a real estate company (let say tribitat real estate) develop an estate for apartment purpose. They would start selling the apartment at a very cheap rate and as work is ongoing they would increase it gradually until the apartment is fully completed for delivery.
When are the delivery date and time of an off-plan property?
This is a question I hear real estate investors asking me often they want to key into an off-plan property.
Just recently, a woman asked me, Mr. Peter, when are the delivery date and time of this particular apartment.
Generally, I will be answering this question here.
The delivery date for an off-plan property depends on the real estate developer.
The truth is this, most real estate developers or companies deliver from six (6) months upwards.
So anytime from six months, you get your paid apartment to deliver to you.
See one of the real estate developer that delivers to their subscriber early this year, 2021 (Video)👇
So whenever you opt-in for an off-plan property this is a glimpse of what you will see.
The developer of the above estate as off-plan property deliver within the space of 6months and it was a top-notch with investors and realtors as well
How much does an off-plan property costs?
Another vital question people asked, is how much exactly is the cost of an off-plan property?
The costs of an off-plan property vary from one developer or the other. However, prices are not stable.
Also, you must be aware that prices depend on location. Off-plan property in Lekki can’t be compared with the ones in Abraham Adesanya roundabout in Ajah and also the ones in Abijo or Eleko, Ibeju Lekki
As the development increases so also the prices. That’s why the best time to buy an off-plan property is when it is on the foundation stage.
See image below (using 3 bedroom terrace with BQ as examples)👇
Current prices of off-plan property as at the time of writing this article (28th May 2021)👇
The best time to key into off-plan property is now.
Click now to read this: 7 Amazing Benefits of investing in off-plan properties
Key into the off-plan property. There is numerous benefit you will get. Off-plan properties are the trending style in the real estate industry.
Do you want to key into this right now? Then contact me.
All the off-plan properties allow installment payment within 12-18months with an initial deposit of N5M. And most of the payments are considered as 3months outright.
You can book an inspection with us. Inspection is FREE and at your convenience. Contact this number for an inspection
Do you have further questions regarding the off-plan property, or you have more question, kindly Call/WhatsApp 09015094850 or click on the WhatsApp button on your screen