First Things First
In the game of business, everyone looks for the best deal. Investors are always searching for opportunities to increase the gap between capital and revenue, which when you think about it, is a strategically valid move.
Unfortunately, not every industry will give investors this kind of flexibility. The real estate industry, however, opens the door to individuals looking to generate massive passive income.
You’re about to read an exposition into the sneaky secrets of the smartest investors. We’ve been able to fully expatiate on the best kept secret that many successful investors won’t dare share – buying off-plan.
What does it mean to buy off-plan?
You may or may not be familiar with the concept of buying off-plan, but this would not change the fact that there are true treasures to unravel in this purchase model.
To put it simply, when you buy off-plan, you buy a property before it’s been fully built. This allows you to invest in the concept and design of the project, at a much cheaper price than if you’d purchased a fully built property.
It’s the instinct to foresee the value of a project at its development stage that separates mediocre investors from cash-magnets who go on to benefit greatly from buying at a lower price and earning much later on the completed property.
Why is it so powerfully ‘magical’?
Now that the cat’s out of the bag, you don’t have to look too far to find the ‘magic’ in buying off-plan.
Imagine you purchased a property in 2019 that’s to be completed in about 2 years. By the time the property is finally built, it would have seen a massive growth in value within that period of being underdeveloped.
What this means is that by 2021, when the property has been fully developed, you stand the chance to earn triple or more on your initial investment, simply because you chose to buy ahead of other investors.
It’s this tremendous appreciation rate that makes buying off-plan accumulate long-term returns for investors. Every shrewd investor knows this, which is why they would buy as much as they can as early as possible, and then watch their wealth continually rise to unimaginable heights.
In fact, as many investors can affirm, the value you’d get at the end erases any doubt that you might have encountered in the beginning. Buying off-plan is a great way to earn remarkably on your capital; almost like it’s been rigged in your favour.
Now, you know why the smartest investors choose the off-plan option, don’t you?
The difference is clear. Any benefits that an investor may get from buying a fully-built property pales in comparison to the glaring advantages of the off-plan option, which is why the smartest investors have this as their hack to continuously raking in the greens.
- It’s almost like the developers are giving it away for free:
Not only are off-plan options presented at a price way below market value, but the deal can get even sweeter when developers, who want to demonstrate a certain level of sales prior to completion, offer additional discounts to investors that buy multiple units at any one time.
- Even better is that you also have the opportunity to negotiate:
In addition to practically buying at a steal, buying off-plan and at a time when the project is yet to be completed, gives you the opportunity to negotiate even further on already-discounted prices and only get the best price on your investment.
- You earn BIG on your capital and ROI:
Here’s something you may never have heard before today – when you want to invest in real estate, it’s important to look out for 2 key attributes; the first is high returns on investment (ROI) and the second is capital growth, both of which can easily be achieved by buying off-plan.
- Complete autonomy on the design and style:
Whether you plan to live in or resell the property, buying off-plan gives you the autonomy to customise key aspects of your home. In fact, you may even choose to flip the property to suit upcoming developments from which you can earn an extra income if your home is situated in the right place.
- Less pressure as you plan for the future:
Buying off-plan would reduce any pressure to build a retirement plan, for example. An investor who intends on retiring in a few years can buy off-plan so that they rest assured that upon retirement, they would have a home to call their own.
- You may not even need to pay all at once:
Depending on the developer and property type, you may have the opportunity to manage costs through the added benefit of staged payments, which allows investors not only avoid large initial deposits but would also help them properly handle financial commitments down the line.
The off-plan option truly is worth every hype and the returns which savvy investors make from it is proof enough. As seen from everything we’ve discussed, this arrangement is one that’s worked for the smartest investors, especially those who want to build long and lasting wealth.
This model, though open to all, is a road not frequently plied. We can help you start this journey immediately. For more information about investing in an off-plan property, or to schedule a free consultation with one of our agents, contact us today.
We value our relationships with clients and are dedicated to helping investors like you make smart financial decisions that set you up for a lifetime of returns. Our projects are located in the most desirable areas in Lagos and Abuja, Nigeria, and are built to offer a true taste of luxury living.
Are you ready to experience it?
