Charlotte
21-01-06, 09:34 AM
1. The building companies now have much more capital to meet all the necessary expenses and to provide for any overhead expenditure in the process of building, enabling them to maintain flexible pricing in conjunction with the phases and time to the completion of the whole work.
2. They can easily take into account the specific requirements of each customer and to build from the ground up according to the their client's specifications and not waste time and money to do overhaul of already built property.
3. The companies are able to create positive image and to adapt to the dynamic market shifts, offering different leasing options and price cuts in accordance to the recent market conditions.
Why are properties bought OFF PLAN?
1. Flexible repayment plans are utilized, giving the customers the opportunity to defer payment or to pay in convenient instalments over any preferred period, taking into account the clients means and wishes.
2. The price difference between an OFF PLAN property and an already built property can go up to 30 to 40 % from the price of the available built property.
3. The interior and the rooms location is easily planned with the future owner of an OFF PLAN property to best suit his/her needs, while keeping the architectural plans intact, something unimaginable with already built property.
4. There is an option for the client to determine at what stage the property will be transferred,e.g., whether “frame stage” or “lock-up stage” is most suitable to inspect and acquire the property while preserving the option of getting all the professional services for the finishing works and designing solutions from the building company, which are included in the price of the property as per contract.
5. If the client cannot or will not pay the instalments,according to the financial agreement, the property can be easily offered at a higher price, according to the stage of completion it has reached, which is always higher than the one offered to the client OFF PLAN.
http://www.bestbulgarianproperties.co.uk/off-plan-properties.php
How can property be cheaper if bought off-plan – How does it work?
The developer of any project is always exposed to risk. They want to cap this risk as quickly as possible and limit bank loans and other debts. They do this by selling units off-plan at excellent prices as the buyers cannot see a physical property at this stage and rely on the location and artist impressions, diagrams and computer simulations.
In addition to the excellent price that the investor receives, his property, due to the fact that it is off-plan, means he also benefits from an excellent finance structure. The investor (this may vary) usually only needs to pay around 10 - 30% of the value of the purchase in the form of a deposit, the rest is payable on completion and can obviously be financed by a mortgage.
Once you have decided to Invest in Off-Plan property you need to decide which strategy you will adopt to achieve your ROI (Return On Investment) our experts will help you to choose the most appropriate creating an Investment plan whether this be "Pure Investment (http://www.propertyshowrooms.com/bulgaria/property/investment/bulgaria-the-pure-investment-strategy.asp)" or the "Buy to Let (http://www.propertyshowrooms.com/bulgaria/property/investment/bulgaria-the-buy-to-let-strategy.asp)" strategy.
Maximizing Profit From An Off-Plan Investment In Bulgaria
1) Purchasing early
When the developer is offering units well below market value for the reasons mentioned above. In Bulgaria its also important to buy as soon as possible as the market is in its early stages of development and prices are still very competitive but already rising. Investors who invest now will see the greatest profits.
2) Purchasing the best units
As our Investors are aware early they can purchase the most sought after properties on any given development. This varies from development to development depending on the details of construction. Penthouses are often favorites. The best units always offer higher capital appreciation in the least amount of time and can demand the greatest rental income.
3) Price increases as development matures
As the development begins to be constructed the units value rises. There is normally a completed show home at this stage so buyers are taking less of a risk as they now do not need to rely 100% on plans.
4) Price appreciates as more units sell
As more and more units are sold the price of the remaining units will rise. This is due to the buyers being able to see current units as mentioned above, often there is a Phase payment structure which mirrors the increasing value of the properties. Obviously to the early investor this means that should you decide to sell your property it will be worth considerably more at this stage than when you made your initial purchase and paid your 30% deposit.
It is entirely possible to make some excellent investment choices in this arena and we specialize in helping you to pick the correct ones and generate personal wealth through safe and intelligent property investment basically using the acquisition of "off-Plan" property as our "Investment Vehicle".
IPIN offers selected Investment Opportunities in Bulgaria. You can find out more about the International Property investment Network (http://www.propertyshowrooms.com/bulgaria/property/investment/international-property-investment-network.asp) or gain access to these opportunities by joining now for FREE (http://www.propertyshowrooms.com/bulgaria/property/investment/join-ipin.asp)
http://www.propertyshowrooms.com/bulgaria/property/investment/off-plan-property-bulgaria.asp
2. They can easily take into account the specific requirements of each customer and to build from the ground up according to the their client's specifications and not waste time and money to do overhaul of already built property.
3. The companies are able to create positive image and to adapt to the dynamic market shifts, offering different leasing options and price cuts in accordance to the recent market conditions.
Why are properties bought OFF PLAN?
1. Flexible repayment plans are utilized, giving the customers the opportunity to defer payment or to pay in convenient instalments over any preferred period, taking into account the clients means and wishes.
2. The price difference between an OFF PLAN property and an already built property can go up to 30 to 40 % from the price of the available built property.
3. The interior and the rooms location is easily planned with the future owner of an OFF PLAN property to best suit his/her needs, while keeping the architectural plans intact, something unimaginable with already built property.
4. There is an option for the client to determine at what stage the property will be transferred,e.g., whether “frame stage” or “lock-up stage” is most suitable to inspect and acquire the property while preserving the option of getting all the professional services for the finishing works and designing solutions from the building company, which are included in the price of the property as per contract.
5. If the client cannot or will not pay the instalments,according to the financial agreement, the property can be easily offered at a higher price, according to the stage of completion it has reached, which is always higher than the one offered to the client OFF PLAN.
http://www.bestbulgarianproperties.co.uk/off-plan-properties.php
How can property be cheaper if bought off-plan – How does it work?
The developer of any project is always exposed to risk. They want to cap this risk as quickly as possible and limit bank loans and other debts. They do this by selling units off-plan at excellent prices as the buyers cannot see a physical property at this stage and rely on the location and artist impressions, diagrams and computer simulations.
In addition to the excellent price that the investor receives, his property, due to the fact that it is off-plan, means he also benefits from an excellent finance structure. The investor (this may vary) usually only needs to pay around 10 - 30% of the value of the purchase in the form of a deposit, the rest is payable on completion and can obviously be financed by a mortgage.
Once you have decided to Invest in Off-Plan property you need to decide which strategy you will adopt to achieve your ROI (Return On Investment) our experts will help you to choose the most appropriate creating an Investment plan whether this be "Pure Investment (http://www.propertyshowrooms.com/bulgaria/property/investment/bulgaria-the-pure-investment-strategy.asp)" or the "Buy to Let (http://www.propertyshowrooms.com/bulgaria/property/investment/bulgaria-the-buy-to-let-strategy.asp)" strategy.
Maximizing Profit From An Off-Plan Investment In Bulgaria
1) Purchasing early
When the developer is offering units well below market value for the reasons mentioned above. In Bulgaria its also important to buy as soon as possible as the market is in its early stages of development and prices are still very competitive but already rising. Investors who invest now will see the greatest profits.
2) Purchasing the best units
As our Investors are aware early they can purchase the most sought after properties on any given development. This varies from development to development depending on the details of construction. Penthouses are often favorites. The best units always offer higher capital appreciation in the least amount of time and can demand the greatest rental income.
3) Price increases as development matures
As the development begins to be constructed the units value rises. There is normally a completed show home at this stage so buyers are taking less of a risk as they now do not need to rely 100% on plans.
4) Price appreciates as more units sell
As more and more units are sold the price of the remaining units will rise. This is due to the buyers being able to see current units as mentioned above, often there is a Phase payment structure which mirrors the increasing value of the properties. Obviously to the early investor this means that should you decide to sell your property it will be worth considerably more at this stage than when you made your initial purchase and paid your 30% deposit.
It is entirely possible to make some excellent investment choices in this arena and we specialize in helping you to pick the correct ones and generate personal wealth through safe and intelligent property investment basically using the acquisition of "off-Plan" property as our "Investment Vehicle".
IPIN offers selected Investment Opportunities in Bulgaria. You can find out more about the International Property investment Network (http://www.propertyshowrooms.com/bulgaria/property/investment/international-property-investment-network.asp) or gain access to these opportunities by joining now for FREE (http://www.propertyshowrooms.com/bulgaria/property/investment/join-ipin.asp)
http://www.propertyshowrooms.com/bulgaria/property/investment/off-plan-property-bulgaria.asp