Pros and Cons of Buying Off The Plan

Download our 5 page article below outlining the pros & cons of buying off the plan property

The Pros & Cons of Buying Off The Plan Property

As with most things in life, there are reasons for and reasons against buying Off The Plan property. Before we delve into the pros and cons of buying Off The Plan it is worth mentioning that when most people hear the term “Off The Plan” they immediately think of high-rise apartment towers, which is only one form of property that is sold this way.

Various Types of Off The Plan

There are various types of property that can be purchased Off The Plan, such as stand alone townhouses, side by side townhouses, luxury homes, apartments, penthouse apartments, house knock down rebuilds and new homes built on a large block of land.

It really depends on your preferences and your personal circumstances as to whether you take the path of new or established property. More importantly it should rest on getting the right advice and guidance from suitably qualified and experienced professionals, as there are many pitfalls associated with new or established property.

Our 5 page article Pros and Cons of Buying Off The Plan covers the following points:


  • You can't see it
  • Complicated contracts
  • No guarantee of completion
  • Possible construction delays
  • Potential for finance challenges
  • Over supply


  • The easiest way to enter the property market
  • Increased tax benefits
  • Stamp duty savings
  • Lower maintenance costs
  • More time to save up 
  • Government grants and buyer incentives
  • First Home Buyer Grants
  • Modern design
  • Developer discounts
  • Potential increased value at completion
  • Location
  • Before you sign a contract
  • Avoiding common pitfalls
  • Engaging a property specialist

Download our free 5 page article on the Pros and Cons of buying Off The Plan property below:


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