Nowadays, Off plan property has become wallet friendly option to purchase property as you don’t have to invest huge amount of money, immediately. Owning a beautiful house is the dream every person and that is why people are always ready to invest as much money as they can afford. There is no denying that off plan property offers perfect option for people that don’t have great savings as they have to make payments in instalments. You must understand that there are many frauds that are offering such property plans but you will face serious financial loss by investing in such fake off plan property projects. You need to check many things properly before investing in off plan property. In order to help you, we have come up with some key points that will help you in purchasing off plan property without facing any complication.
Here are some key points that you should keep in mind while purchasing Off plan property –
- Check the party/Firm reputation – Most of the people never check reputation of the company and that is the biggest mistake that you can make with your investment. You should check previous schemes or projects of the firm before investing your money. You can also check firm reputation in market by visiting their official website or contacting their previous clients on social media. You can also take help of your property agent for purchasing authentic property. In case, you find any dicey situation then you should avoid investing in such plan.
- Available warranty – There are many organizations that are offering off plan property without any warranty but you should avoid such service provider. Leading off plan property projects are offered with assured warranty and you should only hire such service provider for purchasing your dream property. If you are opting for service provider that is not offering warranty with their service then you can face serious financial loss.
- Pocket friendly sections – Most of the people try to invest too much in order to save their money but you should only invest in wallet friendly sections. As we all know that off plan property can be complicated way of purchasing property.You can face serious financial problems by investing in option that is way beyond your budget so avoid investing too much in similar project.
- Registration deadline – You need to register with project within 14 to 28 days of making initial payments or otherwise you have to pay penalty for avoiding registration process. It is important to complete documentation process well within given time period to secure your investment. In addition to this; you should also verify offered property measurement with the project to avoid any conflict situation in further future.
If you follow these tips carefully then there is no chance that you will face any kind of problem in purchasing off plan property. You can also take help of property agent to understand the technicality of purchasing such property. All in all, if you have decided that it is the right time to purchase amazing off plan property then keep the above given points in your mind while investing in Off plan property.