Time is the most valuable commodity. If we could by time to continue saving, while locking in a property price for the future, how awesome would that be? Purchasing off the plan buys more time. Let’s explore this idea further.
Once sourcing the property that appeals to you, buying off the plan offers you the chance to purchase a property now, but settling a loan in the future (i.e. 18 months or possibly 3 years – depending on the location and property type).
We have found many buyers struggle to save money. It is usually because they have no purpose to do so. If you purchased an off the plan property, it allows you to buy at a fixed price. While it’s being built brand new for you, it provides additional time to save more money and with a very big purpose. It’s during construction, off the plan buys more time to continue saving. It also gives more time to help you consolidate debts, pay a credit card off or perhaps get married.
Buying time is the best way to put it… Pay a 5% or 10% deposit for your property and save more money. Having a direction and a deadline will be a great motivator to save more than you have previously.
Of course, responsible buying is in order. Take the time up front to identify your borrowing capacity, find out what type of loan repayments may be applicable in the future and perhaps use those proposed amounts as a budget to save into a separate bank account. It will test out how it impacts your lifestyle and ensure you are very well prepared financially, but also mentally. We all want to enjoy a social life and during this time, you can work to manage both goals… have fun and set your financial future up.
We love real estate and have a huge passion to share the journey with you. We are very sensitive to helping buyers find the right property with an easy and enjoyable experience. We literally hold your hand throughout the entire process and hand you the keys when it’s ready. We charge NO FEES to help source the property. We specialise in buying new and off-the-plan property. We are remunerated by charging the vendor a service fee. This ensures our help does not impact your deposit or savings plan. We aim to do the complete opposite.
Contact us now for a free consultation. We welcome the opportunity to help.
While we have taken care to ensure the information above is true and correct at the time of publication, changes in circumstances and legislation after the displayed date may impact the accuracy of this article. If you want to learn more, please contact us. We welcome the opportunity to assist you.
Nov 2017
