Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

Buying off the Plan Apartments

By Richard Subscribe to RSS | June 4th 2012 | Views:
loading
 
  



If you decide to buy a property off the plan, it means that you are buying it before it is built. This is how most apartments and townhouses are sold today. The good thing with this investment is that you will buy a property for months or years to come at today's price. This investment can lead to large capital gains way before you decide to move in. If for instance the next ten years are going to be hit by economic recession, you will be better placed since you are going to protect your savings. What happens is that, those with property and other valuables are not affected by world economy downsides as they will keep living life as normal or even better. You will be required to pay 10% deposit on signing the stamp duty and contract by most developers.

For many investors, it is the combination of property boom and the construction work that has given them a chance to buy apartments off the plan so that they can secure this structure at today's price. They keep on banking on that property whose value is continuously increasing during the construction, as well as the notion that it will sell higher or can easily get rented on completion. Most of these investors have turned quick profits by selling the apartments that were bought off the plan at higher prices, way before the construction is completed.

One thing that you need to consider is that even when the market activities have slowed down due to recession, there is still high demand for the property. Marketing structures have emphasized on tax savings for most of these off the plan investments. However, in most countries, the tax savings can be compared to situations where an investor buys a new property with an allowance for depreciation and warranties on the appliances as well as the development. If the property has been completed and rented out, the same tax regulations apply just as it is for any property investment.

However, financial advisors put it that tax benefits from buying property through this plan should not be taken lightly and that this should not be the sole reason for the purchase. If an investor can claim 2.5% allowance on depreciation for the construction costs, it can be substantial if it is in the case of a new development. However, the depreciation allowance will come off the base of the costs when it comes to the selling of the property. This will also add hugely to the capital gain.

While it is important to buy off the plan apartments, you are advised to be equipped with all the details about the costs to be incurred including that of the first turn on the land's soil. If this is not possible, then you can seek the services of quantity surveyors and you will be good to go. You can visit websites that give insight on buying off the plan as well how to get reputable quantity surveyors. Signing up for the community forums online can be a great idea since you will be able to exchange ideas with colleagues who already know the working of these investments.

Richard - About Author:
Due to lots of foreign students moving to Melbourne, there are lots of new apartments Melbourne popping up. This has lowered the average price of Melbourne apartments for sale.

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:
http://www.articleside.com/real-estate-articles/buying-off-the-plan-apartments.htm

Related Real Estate Articles Subscribe to RSS

Property for sale in Liguria and Tuscany
Published by Roy Wallis on January 16th 2012 | Real Estate
Buying a holiday home overseas has become a very popular form of investment for many people, with th...
 
New York apartments for sale provide you true value for money
Published by Jack Smith on June 26th 2012 | Real Estate
It is necessary that your investment should give you satisfaction of value. People are spending mone...
 
The demand for apartments is getting bigger.
Published by Kimberly Jones on January 5th 2012 | Real Estate
The demand for apartments is getting bigger.
The demand for apartments is getting bigger.
Th...
 
Apartments for sale in New York City are high on demand
Published by Jack Smith on June 26th 2012 | Real Estate
Number of opportunity in New York created the demand for more homes, and apartments for sale in New ...
 
Grapevine Texas Apartments: easiest way for searching apartments
Published by DallasApartment1 on April 12th 2012 | Real Estate
Are you getting tired of looking for Grapevine apartments and your luck is not supporting you? You'v...
 
Best price property for sale in Mumbai
Published by Andy Wagon on February 14th 2012 | Real Estate
Owning a home is more than one can indeed serve as an investment in the future, especially if house ...
 
Choosing between apartments for sale
Published by Richard on February 28th 2012 | Real Estate
There are many challenges when looking for new apartments. There is of course the logistical challen...
 
Various good options available with Port Washington homes for sale
Published by Jack Smith on June 19th 2012 | Real Estate
With the variety of homes and facility Port Washington homes for sale is prime location for everyone...
 
Purchase residential apartments in Ghaziabad
Published by Rahul on July 5th 2012 | Real Estate
If you are perturbed about getting a raw deal in your attempt of buying a desired new apartment, you...
 
Most Suitable apartments for sale in New York
Published by Jack Smith on June 25th 2012 | Real Estate
This is a good opportunity to have your own home in New York City. With the help of apartments for s...
 
Get loan to buy Miami Beach houses for sale easily
Published by Angie Turner on May 25th 2012 | Real Estate
You surely know that buying the Miami Beach houses for sale is probably the biggest outlay that you ...
 
High sale of homes expected due to first time buyers by Rics
Published by Sam Hopkins on February 28th 2012 | Finance
The Royal Institution of Chartered Surveyors had done a survey in which they reported the home price...
 
For sale by owner is Right for Me
Published by Shaan Jim on March 28th 2012 | Real Estate
For sale by owner as we all know as FSBO as well is not new to home owners who were happy enough to ...
 
Bharat City 2 and 3 BHK apartments in Ghaziabad
Published by Rahul on June 26th 2012 | Real Estate
Bharat city is a township, which was conceptualized as a joint venture between BCC infrastructure an...
 
Internet is the perfect platform to get apartments for sale NY
Published by Jack Smith on July 27th 2012 | Real Estate
Apartments for sale NY is always in demand because many people come here for personal and profession...
 
South Davis County: homes for sale in Layton and Syracuse
Published by Meithjohn on March 20th 2012 | Real Estate
Home buying is usually a time-consuming and too much to handle adventure....
 
Looking for Homes for sale in Seattle?
Published by Eldwin Williams on December 21st 2011 | Real Estate
Are you trying to find new homes for sale in seattle, Washington? Real-estate in seattle are already...
 
Nitesh Cape Cod 2&3 and 4 BHK luxury apartments in bangalore
Published by Hronit Sharma on December 1st 2011 | Real Estate
Nitesh Cape Cod is the most luxurious forthcoming residential project of Nitesh Group planned at the...
 
Aruba for sale properties can make the best home for your family
Published by Sothebysrealty Aruba on March 16th 2012 | Real Estate
Owning a house in Aruba is worth the money aid for the place and the accommodation as there are many...
 
Jaypee Kristal Court offers 2/3 BHK luxury apartments in Noida
Published by Helios on July 19th 2012 | Real Estate
Jaypee Greens which is offering the possession within 48 several weeks. The framework levels change ...