3 steps to buying your off the plan townhouse

 

Buying a dream townhouse off the plan is a great solution for any budget out there. As important as choosing the right property is, using the most of what developers have to offer is crucial and will give buyers the right home keys. To make the best purchasing decision and avoid being too caught up in the process, here are some tips to help in finding the best option and purchasing the most suitable off the plan home for any taste.

Know what you are looking for

Before buying a property off plan it is important to have well-defined criteria and know what you are looking for and what you are trying to avoid, and this goes both for townhouses and developers. It is important to know your financial limits and based on that do a proper research on developers and properties available. What are your preferred location and townhouse size? What about available payment options? How should the interior look like and what is the number of rooms and bathrooms? How compatible your criteria is with actual prices? These are some of the questions you have to answer before finding a developer and property which suits you.

Choosing developer and the plan

This step takes time, but it is crucial for finding a perfect house. After you have established your criteria and done a research on potential developers, it is time to narrow your options and pick a developer and a townhouse plan which suits you the most. It is important to pay attention to developers reputation and the quality of work they provide, so take the time to do a research to prevent yourself from regretting your choice later. The perfect developer should have a good reputation and must match your criteria so don’t haste and take the time to find the right one. When the developer is chosen, it is time to analyze the house plan. Does it match your criteria? Is the arrangement of rooms suitable? What are the floor and ceiling like? Windows, doors, and materials? When will the house be finished? Can you customise the interior design? If in doubt or inexperienced, ask for a legal advice, as it is important that chosen developer matches all legal criteria.

Signing the contract and choosing payment options

When signing the contract be sure to understand all the rules, terms and conditions mentioned. Take time to analyse cooling off period and deposit withdrawal options. Read carefully about inclusion and warranties as well as payment options mentioned in the contract. Usually, when it comes to payment, with most buying off plan properties, developers ask for a 10% deposit as a guarantee. Most of the time there are few payment options available, paying in cash or taking a credit from the bank, so pick the most reasonable option for you. Pay attention to a stamp duty which must be paid while purchasing a house. Analyse the contract carefully, check the annual fees and make sure all legal terms are met in order to avoid any unpleasant surprises.

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