1. What does "off-the-plan" mean?
Answer: An off-the-plan purchase refers to buying a property before it is built or whilst it is in the process of being built, based on architectural plans and designs. Contact us to explore what stock is available today.
2. What are the benefits of buying off-the-plan?
Answer: Buying off-the-plan can offer several advantages, including lower purchase prices, potential capital growth, and the ability to customize your new home. Imagine moving into a home tailored just for you, or purchasing an investment which can provide full depreciation benefits!
3. How do I know the property will be built as promised?
Answer: Mamic Real Estate has access to stock from builders and developers who are common household names and are known for delivering quality projects on time.
4. What deposits are required for off-the-plan purchases?
Answer: The requirements vary by builder and developer. Contact us to discuss the unique need from different builders and developers.
5. Are there risks associated with buying off-the-plan?
Answer: While there are advantages, potential risks include construction delays or changes to the final product. Mamic Real Estate recommends engaging with a lawyer or conveyancer prior to signing the contract to ensure your understand the risks of buying off the plan.
6. What is the timeframe for completion after purchasing off-the-plan?
Answer: The timeframe varies, typically ranging from a few months to several years. We’ll provide you with an estimated completion date prior to referring you to the builder or developer. The final construction timeline is subject to the builder and developer.
7. What should I look for in an off-the-plan contract?
Answer: Review key aspects like purchase price, payment schedule, and specifications. We recommend having a legal professional review the contract to ensure your interests are protected.
8. Are there any tax implications when buying off-the-plan?
9. How do I get started with an off-the-plan purchase at Mamic Real Estate?