What is off plan property?

An off-plan property is a concept for a villa, house or commercial space that has been put on plan and sealed by an architect and is often supported by 3D rendering images before in-house construction begins. These plans are often marketed by developers not only as development material for their portfolio but also to provide buyers with more favorable and secure financing terms.

Advantages of off-plan property

It is important to consider these types of properties as they offer significant savings. In fact, developers who offer their properties off-plan often offer incentives to first-time buyers. Buying off-plan properties also represents a significant investment opportunity in today’s ever-growing market with a development cycle of 12 to 24 months.

In Bali’s fast-growing real estate market, buying off-plan also allows buyers to purchase a property at a lower price than an already-built property, which eliminates the cost of waiting for construction to be completed. Last but not least, buying an off-plan property can be a great way to get a property with a specific location or freedom to make certain changes, as this freedom is limited with an already built property.

Interested in off-plan properties? Bali Home Immo has a curated catalog of off-plan properties that offer a good deal for investment that you can check here.