Maidenhead Property Articles

Off-Plan property purchase scheme has become very popular amongst the investors in the recent years.

Purchasing an off-plan property simply means buying a property before it is built. Appleton Estate Agents Maidenhead state that these properties tend to be mostly flats. For the buyers, one of the biggest advantages is the flexibility to influence the finishing, such as the worktops, carpets, etc.

For the property investors, this scheme has a lot more significance associated though:

The property development companies aim to secure their financial position as quickly as possible. They aim not to get their capital tied up in a development for long periods so that they can start up their next project. Like any other retail trade, they tend to choose discounting as an effective way of luring the buyers in and release their capital as early as possible.

Some of the investors do claim getting up to 15-18% discounts and in some cases even getting their stamp duty paid this way.

Appleton Estate Agents Maidenhead insist the key benefit for the property investor is that typically the prices increase as the development property progresses.

When the development completes, the investor still retains the option to complete the purchase. Investor may prefer to keep the property and rent it out or sell it and realise the capital growth that has been achieved during the build, including any discounts he/she has had. Selling before the completion of the property is called Flipping and some developers may have clauses against this if they are offering discounts.Flipping is popular by some investors as they can get their capital out as quickly as possible, similar to the developers and move on to their next project with some profit.

Either way, Off-plan property purchasing is often seen as a very good opportunity.

As Appleton Estate Agents Reading, we encourage our customers who wish to go down this route to ask for financial and professional advice before making any commitments. Not all the discounted off-plan properties should be treated as good rental investment. If you have any queries, feel free to contact us for further consultation.