INVESTING
Experienced property developers , Rabie Property Group , share their top 5 strategies for buying a property off-plan .
TIP # 1-Uncover great opportunities through in-depth research . One of the most important things to determine is who the developer is and then assessing their track record in terms of what products they have delivered and if they have successfully achieved what they have set out to in the past . the off-plan time the better returns , with the optimal time being from 18 to 20 months before completion .
TIP # 3 - Analyse the location of the development .
Vital factors to consider when analysing location include the demand of the area and if it is supported by appropriate road infrastructure , schools , shopping centres and preferred amenities that the purchaser wants near their living space .
Look out for signs of a good developer by analysing the professional teams they have chosen to partner with such as architects , construction companies , quantity surveyors and marketing agencies . These partnerships are good indicators of a developer ’ s reputation and whether one should invest in the respective development .
TIP # 2-Capitalise on price appreciation in off-plan property investments . Capital appreciation can be achieved by purchasing off-plan as early as possible . The longer
35 OCT / NOV 2023 Real Estate Investor Magazine