The Benefits of Purchasing Off the Plan Homes
Off the plan homes are homes that haven’t been built yet. It may seem strange to think about buying something that has yet to be constructed. You will be purchasing a property while it’s nothing more than a bare piece of ground. Strange as it may seem, there are many benefits of buying off the plan homes.
One of the most significant benefits of buying off the plan homes is being able to design and personalise the finishes and fittings to your heart’s content. This gives you the freedom to think outside the box about what you need and want in your new home. You can also select the physical materials to build your home according to your budget and leave out unnecessary things that would have driven up the cost of a property that already had a house on it.
Another benefit is knowing what you’re going to pay before you even start the building process. The value of the property also has a good chance of increasing by the time your home is complete. This makes buying off the plan homes a sound financial investment that can reward you in the future.
Building a new home also takes time. You can use the time it takes to construct your new home and invest it in the process of selling your old home. In Australia, stamp duty is calculated based on the value of the land and the building. There won’t be a building yet, which means you will only have to pay based on the value of the vacant property.
Contact David Reid Homes for more information about off the plan homes.