Are you having a hard time finding a home that checks all the boxes on your list? You’ve probably spent countless hours browsing through real estate listings and touring properties and still haven’t found “the one.” It’s frustrating, we know. But you’re not alone. Sometimes, it feels like the perfect home just doesn’t exist. But have you considered buying an off-plan property?
An off-plan property may sound like a risky move at first glance. But if you find a reliable real estate company, you could potentially save money by beating the inflation that may come. And then you don’t have to fuss about handling the construction process. Everything is in the hands of trusted and tested professionals contracted by the real estate company.
In this article, we’ll dive into everything you need to know about off-plan properties and their benefits. And we’ll also highlight one particular off-plan development project by Hybrid LandTech. So you can see first-hand what an off-plan property is and why it may be the right choice for you.
What Is an Off-Plan Property?
They’re properties that haven’t been built, yet you can still snap them up before construction starts.
In other words, off-plan properties, also known as pre-construction or under-construction properties, are homes that are sold before construction has been completed.
Homebuyers like you purchase these properties based on architectural plans, artist impressions, or computer-generated images. The homebuyer typically pays a deposit upfront and then makes installments as the construction progresses.
Benefits of Buying an Off-Plan Property
Buying an off-plan home is the equivalent of buying a new product that hasn’t been released yet. In the simplest terms, you are essentially reserving your spot to own the property when it’s ready. And here are all the benefits it entails:
1. Potential Cost Savings
Let’s be honest, who doesn’t love a good deal? And buying an off-plan home is one way to score big on cost savings. An off-plan home is often offered at a below-the-market value.
For example, the average cost of buying a 2-bedroom apartment in Nigeria is ₦55,000,000, according to Nigeria Property Centre. Also, The Architect estimates the cost of building a standard 2-bedroom home yourself at ₦50,000,000.
But Hybrid Landtech offers a 2-bedroom off-plan apartment with an extra BQ for just ₦25,000,000. That’s half the market price slashed off!
Developers often offer discounts and promotions to buyers who purchase during the pre-construction phase. This means you can save a significant amount of money compared to buying a completed property.
2. Pay-as-we-build: Flexible Payment Plans
Off-plan home plans allow buyers to make payments in stages as the property is being constructed rather than paying the full purchase price upfront.
This is a benefit for buyers who may not have the full amount available upfront, as it allows them to spread out their payments over a while. It can also be helpful for those who want to use their savings for other investments or expenses while still securing their desired property.
At Hybrid LandTech, our Pay-as-we-build plans typically involve a deposit payment at the time of purchase, followed by several installments as construction progresses. The final payment is usually made upon completion of the property.
In addition to the financial benefits, pay-as-we-build plans can provide buyers with greater peace of mind. By paying in stages, buyers can ensure that construction is progressing according to schedule and that the property is being built to their specifications. If any issues or delays arise, buyers can use their payments as leverage to address these concerns with the developer.
3. Customize Your Dream Home
When you buy an off-plan property, you’re essentially creating your dream home from scratch. You can work with the developer to modify the floor plan, choose your finishes and colors, and even select the appliances you want. It’s like having a blank canvas to create your ideal living space.
And because you’re customizing your home from the ground up, you can be sure that it will meet all your requirements and preferences. You won’t have to compromise on anything, and you’ll have a truly standard home, unique and tailored to your tastes.
4. Possibility of Capital Gains
Buying an off-plan property can also be a smart investment decision. As the property appreciates in value over time, you could sell it for a higher price and make a profit. This is known as capital gains, and it’s a common reason why many people choose to invest in real estate.
In addition, if you decide to rent out your off-plan property, you can benefit from higher rental income due to its brand-new state and modern design. This means you can potentially earn more money from your investment, making it a win-win situation.
So, if you’re in the market for a new home, consider buying an off-plan property. Not only can you save money and customize your dream home, but you can also make a smart investment decision that could pay off in the long run.
Havens Cottage: Off-Plan Properties for Sale in Epe, Lagos
Are you looking for a fantastic investment opportunity in Lagos, Nigeria? You’ve got to check out Havens Cottage Off-Plan Properties in Epe!
This development is just a quick four-minute drive from the Lekki-Epe expressway. It offers high-quality, off-plan properties in one of Lagos’ fastest-growing areas. You’ll love that Havens Cottage is conveniently located near major roads, industrial projects, educational institutions, recreational opportunities, and government offices, making it the perfect spot for families, professionals, and investors alike.
The best part? The area surrounding Havens Cottage is experiencing significant development, with new infrastructure and amenities being built regularly. This makes it an excellent investment opportunity for buyers looking to benefit from the potential capital gains. Properties in the area have been appreciating over the years, making it an excellent location for long-term investment.
Benefits of Buying an Off-Plan Home in Havens Cottage
1. Variety in Home Types
Havens Cottage Off-Plan Homes offer a wide variety of home types, from one-bedroom studio apartments to fully furnished three-bedroom apartments with a BQ. This allows buyers to choose the type of home that best fits their needs and budget.
2. Affordability
With prices ranging from 9.5 million to 30 million naira, Havens Cottage Off-Plan Properties is an affordable option for buyers looking to invest in the area. The flexible payment plans also make it easier for buyers to manage their finances and make purchasing more accessible.
3. Best Road Network in Lagos With Links to Major Cities
Havens Cottage links easily to Lagos Island and the mainland. It’s close to major roads and highways, providing easy access to nearby cities and towns like Ijebu, Ibeju-Lekki, and Lekki.
The Havens Cottage Off-Plan Home is located in a prime location in Epe, Lagos State. The network of roads within the axis, from Ibeju-Lekki, Lagos, to Ijebu in Ogun State, is the best in Lagos. It was built during the administration of ex-Governor Akinwunmi Ambode, and it still remains superb all through.
4. Proximity to Educational Institutions, Recreational Facilities, and Industries
Havens Cottage Off-Plan Properties is strategically located near major industrial projects such as Dangote Refinery and the Deep Sea Port and Lekki Free Trade Zone. This makes it an ideal investment opportunity for buyers looking to benefit from the expected growth in the industrial sector in the area.
The development is in close proximity to the Lagos State University Education (LASUED), Epe Campus; the Yabatech, Epe Campus; and the private institution, St. Augustine University. This makes it an ideal location for students and faculty members looking for convenient accommodation.
Havens Cottage Off-Plan Properties is also near Lakowe Golf Course and Lakes Resort, providing easy access to recreational activities for residents.
5. Access to Government Offices
The Ibeju Lekki Secretariat is also nearby, making it an ideal location for government office workers.
6. Potential for Future Appreciation
With the proposed international airport and Lekki Deep Sea Port in the works, there is a high potential for future appreciation of properties in the area, making Havens Cottage Off-Plan Properties a promising long-term investment opportunity.
Note: Havens Cottage is also available as a landed property for those who want to buy and build themselves or do land banking. Below is a virtual tour of the landmarks around Havens Cottage:
Contact Us Now To Get A Unit In Havens Cottage!!
Conclusion
Off-plan properties offer homebuyers an excellent opportunity to customize their homes according to their preferences and benefit from potential cost savings and capital gains. Havens Cottage Off-Plan Properties, in particular, offers unique advantages to homebuyers, including a prime location, development plans in the area, and attractive rental income projections. If you are in the market for a new home, an off-plan property may be the right choice for you. Call us at +2348023120060 to book a unit at Havens Cottage or mail us at hybridlandtech@gmail.com.