Top Tips of Buying a Home Off Plan

It’s important to know the Top Tips of Buying a Home Off Plan. Having studied the pros and cons of buying property off the plan, I’m sure you are ready to make an informed decision. The following tips might help you make a more informed choice.

Do Thorough Research

A good idea is to look into the developer. Chances of any technical failure is close to zero if the developer has retained the services of qualified and professional architects, engineers and quantity surveyors, for the design all through to supervision and completion.

Also, the buyer will need to make due diligence checks on the title deed. This is to see if there are any caveats to the land and confirm the land ownership details.

Location of The Project

It definitely pays off to buy properties in prime locations. This is a great factor in understanding the potential of a property. A site near appealing facilities like good roads, schools, hospitals and shops is more promising. Likewise, it is even a better investment when the area is already developed and still has a high potential for growth. A good example is the areas along Thika Road. Essentially, it is wise to buy the cheapest property in a good location than an expensive property in the worst location.

Carefully Study The Contract

This ensure you watch out for any restrictions on sales the developer might have imposed in case you have plans to flip the house. As such, and to be safe, ask for advice from professionals. These include real estate agents.

Understand Your Target Market

Understanding your target market whenever you buy property is a must. Moreso, if you are planning to rent or sell it after completion. Discuss with local estate agents to understand where the demand is likely to come from. Similarly, the details, dimensions, and specifications should be suitable for the target market.

How can a buyer ensure they are not ripped off in instances where the developer does not live up to the specifications?

If buyers insist on the architects, engineers and quantity surveyors involvement in supervision of construction, then chances of technical problems are reduced to zero.

Consultants usually have strict codes of ethical conduct hence not easily moved towards shortcuts. Thus, they ensure quality. Buyers can also opt to hire independent architects, engineers and quantity surveyors. These advise them throughout the building process as to whether the quality control mechanisms are being adhered to.