Buying a house or villa off-plan is one of the most popular options in today’s real estate market. This type of property allows buyers to access new-build properties with better conditions and more attractive prices than in the second-hand market. However, it is a process that requires planning and knowledge to avoid risks and make informed decisions.
In this article we tell you why it is a trend and what aspects you should consider before investing in an off-plan property.
Why is it a trend to buy off-plan?
Buying an off-plan property has become an attractive option for many people due to its many advantages. This type of purchase allows access to more competitive prices compared to homes that have already been built, as developers often offer special conditions during the early stages of the project. It is also an ideal alternative for those looking to personalise their home, as it allows them to choose finishes and layouts adapted to the buyer’s needs.
Another reason for the boom in off-plan purchases is the growing shortage of supply of new, ready-to-move-in properties. In cities and coastal areas with high demand, such as La Herradura, buying off-plan has become an effective solution for securing a property in prime locations before construction is completed. In addition, this purchase model allows payments to be staggered, facilitating financial planning and reducing the need for immediate financing.
Finally, advances in construction and the digitisation of the sector have improved the buying experience, offering buyers access to virtual tours, 3D plans and detailed simulations of the final project. This provides greater security and transparency throughout the purchase process.
Tips for buying off-plan
Buying an off-plan property is an important decision that involves evaluating certain aspects before formalising the purchase. To ensure a safe investment, it is essential to follow a series of key recommendations that will help minimise risks and maximise benefits.
Developer and project review
Before committing to an off-plan purchase, it is essential to research the developer in charge of the project. Reviewing previous projects and visiting the location of the property, as well as analysing the available plans and licences, will be of great help.
Conditions of the contract
The purchase contract is an essential document that should be reviewed carefully. Make sure it includes details on delivery times, penalties in case of delay and guarantees on the materials and finishes agreed. It is always advisable to take legal advice to avoid abusive clauses.
Financing and payments
It is important to know the payment conditions and available financing before signing the contract. Most developers allow payments in instalments until the keys are handed over, which makes financial planning easier. In addition, find out about the possibility of taking out a mortgage and the conditions offered by different banks.
Personalisation and finishing
One of the advantages of buying off-plan is the possibility of customising certain aspects of the property. Find out about the customisation options available and make sure that any agreed changes are reflected in the contract to avoid problems later.
Come and live in an off-plan property
At Brightbay, we have an exclusive selection of off-plan properties designed to offer maximum comfort and quality. Our luxury villas in La Herradura combine modern architecture, energy efficiency and top quality materials in a privileged location, ideal for those looking for a home on the Costa Tropical.
Our team of experts will guide you through every step of the buying process, ensuring you make the best decision according to your needs and expectations. Whether you are looking for a secure investment or a dream home in an exclusive environment, do not hesitate to contact us and discover all that Brightbay has to offer.
