Investing in real estate has long been hailed as a dependable avenue for wealth accumulation. However, conventional property investment isn’t the sole method for profit in this market. For those eyeing property investment, securing the optimal return is paramount.
When contemplating investments, two key factors loom large: robust returns and capital growth. Luckily, there exists an investment avenue that ticks both boxes—off-plan developments.
These developments are currently witnessing unprecedented sales levels, presenting an opportune moment to dive in. The cherry on top? You can secure impressive discounts either pre-construction or during the development phase. In this piece, we’ve outlined five compelling reasons to delve into off-plan developments.
1- Potential for Substantial Returns
Off-plan property investments boast substantial potential for returns. Should property values surge during the development phase, investors stand to witness significant appreciation in their investment upon project completion. Many clients of mine have experienced investment appreciation of up to 60% within an 18-month timeframe.
2 – Reduced Entry Costs and Flexible Payment Structures
Off-plan investments hold a significant edge over purchasing completed properties, often demanding a lower initial outlay. Developers typically extend favorable payment terms, allowing investors to secure a property with a modest deposit and spread the remainder across installments. This feature renders off-plan property investment an attractive option for those seeking real estate investment with flexible payment options. With N50M and flexible payment plans spanning up to six months, you can dive into a standout off-plan development courtesy of ACE.
3 – Customization Prospects
Investing in off-plan properties affords investors the rare chance to influence the property’s design and finish. This enables customization tailored to specific needs or target tenants, empowering investors to craft properties aligned with their preferences—a highly appealing investment proposition.
4- Contemporary Amenities and Infrastructure
Off-plan properties epitomize modernity, boasting sleek designs, efficient energy ratings, and a suite of amenities including gyms, pools, and communal spaces. Moreover, new properties typically entail minimal maintenance in the initial years, curtailing potential costs for investors.
5 – Growth Potential in Emerging Locations
Developers often earmark burgeoning locales for off-plan developments, such as Lekki Epe, Ibeju Lekki, and VGC—among Lagos’ fastest-emerging cities. Investors stand to profit from these areas’ burgeoning popularity, which tends to propel property prices upwards.
For those considering off-plan property investment, selecting a developer with a proven track record is paramount. I collaborate with the nation’s premier developers to bring you unparalleled deals and opportunities. Reach out to kickstart your journey.
