NEW DEVELOPMENTS
TIP # 4 - Choose a development that brings something unique to the area .
Great developments worth investing in have desirable elements and purchasers need to be certain that there is a demand for the property in terms of resale or rent . Being certain that there is a demand for the property in terms of resale or rent also adds value to it .
Look for differentiating factors that attract investors for example 24-hour security is a nonnegotiable , solar power , pre-paid water & electricity meters , fibre connectivity and specific amenities that attract tenants .
TIP # -5 -Buying off-plan can be more affordable than purchasing an existing property . One of the best savings from purchasing a property off-plan is that there is no transfer duty payable and until the construction is complete , and therefore bond repayments are delayed . This gives investors between 18 to 24 months to structure budgets and cash flows .
Real Estate Investor Magazine OCT / NOV 2023 36