Off Plan Purchase
What does it mean?
Purchasing a property off plan sounds like the trick used by some Spanish villa developers to obtain money from unsuspecting purchasers!
You will be pleased to know that isn’t the way purchasing off plan works in the UK. The housebuilder does not receive any money until the house is completed and any deposit you do make is retained by your solicitor. In essence, an off plan purchase simply means you contract with us to purchase the property when it is finished for an agreed price, and we agree to sell to you at completion at the agreed price.
What are the advantages of purchasing off plan?
During the construction period there are many decisions that we and our design team have to make in relation to the property. These include deciding on the make, quality and colour of internal fixtures and fittings, and whether to landscape the garden or merely lay it to turf. Below is a list of items that you could tailor to your own specification:
- Kitchen units and fittings
- Bathroom sanitary ware
- Flooring, such as carpet colour, tiles.
- Upgraded appliances
- Wall lights
- Patio and paths
- Shed and shed electrics
- Extensions & Conservatory
- Outside lighting
If you purchase off plan, we will agree with you before contract the specification of all the above items so that at completion and for an agreed price, you get the home that you want. It follows that the earlier a property is sold, the more input a buyer can have in the design of the property.
If you would like to buy one of our properties off plan, we would be very happy to talk to you about it and may be able to offer you a discount on the selling price.
Are there any savings to be made?
Yes there are. For example by buying off plan there will be no Estate Agent’s fees to pay, and by adding a conservatory whilst the house is being built you will save the VAT.