Choosing between an off-plan property and a completed property depends on your priorities, investment goals, and risk tolerance.
Off-Plan Properties:
Pros: Off-plan properties are typically priced lower than completed ones, offering the potential for capital appreciation when the project is finished. Buyers often benefit from flexible payment plans, making it easier to manage finances. Additionally, you can customize aspects of the property to your preferences.
Cons: The primary risk is the uncertainty of project completion, as delays or cancellations can occur. Market conditions may also change during construction, potentially affecting property value.
Completed Properties:
Pros: Completed properties offer the advantage of immediate availability. What you see is what you get, with no uncertainties about construction quality or delays. You can start earning rental income right away if it's an investment. Moreover, the established neighborhood and infrastructure allow you to accurately evaluate the property's surroundings.
Cons: The initial cost is usually higher, with less room for capital appreciation than off-plan properties. Customization options are limited, and payment plans are generally less flexible.