What is your experience of off-plan property investments?

Discussion in 'General Property Investment Discussion' started by FWL, Aug 4, 2019.

  1. FWL

    FWL Member

    Demand for off-plan property investment has grown significantly over the last decade. With many developments not requiring final payment until the property has been completed, what has been your experience of this type of investment?
     
  2. Locoinvestor

    Locoinvestor New Member

    One thing I would say, is that you must be vigilant once the build has completed that they have allocated the exterior land properly and you know the exact extent to which you own! We have found some new developers slightly disorganised and misinformed with regards to this! Check it out with the Council first and make sure your Solicitor knows what they're doing, too!
     
  3. realdeals

    realdeals Active Member

    Good point. At the very least you would expect developers to know the area of land they are selling to you!
     
  4. Longterminvestor

    Longterminvestor Active Member

    The further down the investment chain you part with your money the greater the risk but the rewards are also potentially greater. The simple risk/reward ratio.
     
  5. Locoinvestor

    Locoinvestor New Member

    Exactly!! It's worrying!
     
  6. Longterminvestor

    Longterminvestor Active Member

    Never invest with the idea of making a quick profit before the development is even finished. Plan for the longer term and if you get the chance for a short term profit then consider taking it.
     
  7. Locoinvestor

    Locoinvestor New Member

    Good advice...would you suggest generally discarding the idea of short term investment in new developments? Are they more for the longer term?
     
  8. Longterminvestor

    Longterminvestor Active Member

    Whatever people say it is NEVER wrong to take a profit although the bigger profits seem to be reserved for the longer term.
     
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