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Off Plan Property DevelopmentTop tips for off plan property development

Find a recommended agentTalk to people and find an agent recommended by a friend or an independent company. They should be accredited by The National Association of Estate Agents.

Buy from the developerIf you are buying from the developer, then you should ask for a considerable discount. They will not have fees to pay, so you should benefit from this.

RResearch your developerDo your homework on the developer you are buying from. Are they reputable? Do they have a licence to build on the land? Is there a money back guarantee, should the project fall through? If you are paying in advance, then remember that the developer will be earning interest on your money, while you wait.

Your locationRResearch whether the view that you have fallen in love with is protected or you could find that a year down the line, your view is now cranes and building sites. If you are going to rent the property out that there is a market for this and equally if you plan to sell, that there is the chance to do this.

Top Tip: Do your researchAAs long as you do your research then you should be ‘quids’ in. Don’t rely on one source; shop around for advice and local knowledge. Remember that most estate agents will have an ulterior motive. Trawl the internet and speak to experts within the off plan field to ensure that you are investing in an off plan property development that is going to work for you.