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Properties › Cultivating Interior Design Magic: New Builds Unleash Creativity! by NgThinkmint(op): 10:17am On Sep 15, 2023
When it comes to the realm of interior design, the canvas upon which designers work can greatly impact the final masterpiece.
Interior design is a captivating art that breathes life into living spaces. While redecorating existing spaces can be a thrilling challenge, there's an undeniable allure to starting from scratch with new builds.

In this article, we'll explore why new builds stand out as the ultimate canvas for interior design creativity, offering designers and homeowners alike a blank slate filled with limitless potential.

1. Limitless Creative Freedom
New builds provide interior designers with the freedom to dream big. With no pre-existing layout or design constraints, designers can let their creativity run wild. From innovative room layouts to unique architectural elements, the possibilities are boundless, allowing designers to craft one-of-a-kind spaces.

2. Tailored to Your Vision
Designing an interior in a new build means you have the power to tailor every aspect of the space to your vision. Choose your color palette, select materials that resonate with your style, and handpick fixtures that enhance the overall aesthetic. The result? A space that is a true reflection of your taste and personality.

3. Modern Amenities Integration
New builds often come equipped with the latest in modern amenities and technology. Integrating smart home features, energy-efficient systems, and cutting-edge appliances becomes seamless. This not only enhances the functionality of the space but also elevates its overall design.

Looking to buy your dream home with a flexible payment plan? Thinkmint Nigeria connects you with the best properties in the market. Find your next property.

4. Sustainability Meets Style
Sustainability is a key consideration in new builds. From eco-friendly building materials to energy-efficient design principles, you can create an environmentally conscious interior that doesn't compromise on style. Sustainable choices can add a unique and chic dimension to your design.

5. Future-Proofing Your Space
As your needs and design preferences evolve over time, a new build provides the flexibility to adapt and grow with you. Whether it's accommodating a growing family or staying in tune with changing design trends, your space can be easily modified to meet new demands.


In conclusion, new builds serve as the ideal canvas for interior design creativity, offering an expansive realm of possibilities. If you are a homeowner with a vision of your dream space, new builds provide the platform for cultivating interior design magic.

Let your creativity flow, and watch as your dream interior unfolds in a spectacular and personalized fashion.
For more information on how to get started on your real estate needs , kindly visit our website, www.thinkmint.ng/buyrealestate where we have listed a wide range of property options with minimal entry fees to choose from, or call 0809784 5065.

Properties › Renovate Or Relocate: Make The Right Decision For Your Family by NgThinkmint(op): 3:35pm On Sep 08, 2023
When faced with the choice of whether to renovate your current home or relocate to a new one, there are several compelling reasons to consider the latter, especially if the primary motivation is to achieve a better home view.

In this blog post, we'll delve into the major convincing points that highlight why relocating for an improved home view might be the right decision for your family.

Assess Your Current Home

Space and Functionality:
Consider whether your current home meets your family's spatial needs and functional requirements. Are you running out of space, or can you optimize your existing layout with some renovations?

Cost of Renovation:
Obtain quotes from contractors for the planned renovations. Compare these costs to the potential cost of purchasing a new home. Keep in mind that renovation budgets can sometimes escalated

Emotional Attachment:
Evaluate your emotional connection to your current home. Does it hold sentimental value, or are you open to the idea of a fresh start in a new location?

Making the Right Decision


Unmatched Scenic Beauty:

One of the most persuasive arguments for relocating is the opportunity to discover a new home with an unparalleled scenic backdrop. Imagine waking up to breathtaking sunrises, enjoying serene waterfront vistas, or having a panoramic view of the city skyline right from your living room. A superior home view can significantly enhance your daily life and create an inviting atmosphere for your family.

Quality of Life:

A stunning home view isn't just about aesthetics; it can also impact your family's overall quality of life. Natural surroundings, such as lush landscapes, tranquil lakes, or majestic mountains, provide a sense of tranquility and well-being that can't always be achieved through renovations. Studies have shown that proximity to nature positively affects mental health and reduces stress levels, making it a compelling reason to relocate.

Increased Property Value:

Homes with picturesque views tend to appreciate in value more rapidly than those without. Investing in a property with an exceptional view not only enhances your daily living experience but also serves as a wise financial decision. If you ever decide to sell your home in the future, a better home view can significantly boost your resale value and return on investment.

Fresh Start and Customization:

Relocating offers a fresh start and the opportunity to customize your new home to your exact preferences. You can work with architects and designers to ensure that every room takes full advantage of the stunning scenery. This level of customization might be challenging to achieve with extensive renovations on an existing property.

Community and Amenities:

Often, homes with impressive views are situated in communities that offer unique amenities and a vibrant lifestyle. Whether it's access to hiking trails, proximity to cultural attractions, or a vibrant waterfront community, relocating can introduce your family to a whole new way of life that complements the visual appeal of your surroundings.

In Summary

While the decision to renovate or relocate is a personal one, the allure of a better home view is a compelling factor that should not be underestimated.
Relocating to a home with an awe-inspiring view can transform your daily life, enhance your property's value, and provide a fresh start for your family.
If the opportunity arises, seriously consider the benefits of relocating to a home that not only meets your practical needs but also offers a view that takes your breath away every day.

Looking for a better home to Relocate? Check our Amazing Properties here

Thinkmint Nigeria remains the best plug for land and off-plan properties in Nigeria.

Properties › Renovate Or Relocate: Make The Right Decision For Your Family by NgThinkmint(op): 3:10pm On Sep 08, 2023
When faced with the choice of whether to renovate your current home or relocate to a new one, there are several compelling reasons to consider the latter, especially if the primary motivation is to achieve a better home view.

In this blog post, we'll delve into the major convincing points that highlight why relocating for an improved home view might be the right decision for your family.

Assess Your Current Home

Space and Functionality:
Consider whether your current home meets your family's spatial needs and functional requirements. Are you running out of space, or can you optimize your existing layout with some renovations?

Cost of Renovation:
Obtain quotes from contractors for the planned renovations. Compare these costs to the potential cost of purchasing a new home. Keep in mind that renovation budgets can sometimes escalated

Emotional Attachment:
Evaluate your emotional connection to your current home. Does it hold sentimental value, or are you open to the idea of a fresh start in a new location?

Making the Right Decision


Unmatched Scenic Beauty:

One of the most persuasive arguments for relocating is the opportunity to discover a new home with an unparalleled scenic backdrop. Imagine waking up to breathtaking sunrises, enjoying serene waterfront vistas, or having a panoramic view of the city skyline right from your living room. A superior home view can significantly enhance your daily life and create an inviting atmosphere for your family.

Quality of Life:

A stunning home view isn't just about aesthetics; it can also impact your family's overall quality of life. Natural surroundings, such as lush landscapes, tranquil lakes, or majestic mountains, provide a sense of tranquility and well-being that can't always be achieved through renovations. Studies have shown that proximity to nature positively affects mental health and reduces stress levels, making it a compelling reason to relocate.

Increased Property Value:

Homes with picturesque views tend to appreciate in value more rapidly than those without. Investing in a property with an exceptional view not only enhances your daily living experience but also serves as a wise financial decision. If you ever decide to sell your home in the future, a better home view can significantly boost your resale value and return on investment.

Fresh Start and Customization:

Relocating offers a fresh start and the opportunity to customize your new home to your exact preferences. You can work with architects and designers to ensure that every room takes full advantage of the stunning scenery. This level of customization might be challenging to achieve with extensive renovations on an existing property.

Community and Amenities:

Often, homes with impressive views are situated in communities that offer unique amenities and a vibrant lifestyle. Whether it's access to hiking trails, proximity to cultural attractions, or a vibrant waterfront community, relocating can introduce your family to a whole new way of life that complements the visual appeal of your surroundings.

In Summary

While the decision to renovate or relocate is a personal one, the allure of a better home view is a compelling factor that should not be underestimated.
Relocating to a home with an awe-inspiring view can transform your daily life, enhance your property's value, and provide a fresh start for your family.
If the opportunity arises, seriously consider the benefits of relocating to a home that not only meets your practical needs but also offers a view that takes your breath away every day.

Looking for a better home to Relocate? Check our Amazing Properties here

Thinkmint Nigeria remains the best plug for land and off-plan properties in Nigeria.

Properties › Prime Picks: Unveiling The Hottest Upcoming Real Estate Deals by NgThinkmint(op): 4:50pm On Sep 07, 2023
In the ever-evolving world of real estate investment, staying ahead of the curve is key to reaping substantial rewards. For savvy investors, the allure of uncovering the hottest upcoming real estate deals is irresistible.

In this blog post, we embark on a journey to explore the world of prime picks properties that are poised to become the next big thing in the real estate market. From emerging neighborhoods to cutting-edge developments, let’s delve into the strategies and insights that can lead you to secure the most lucrative opportunities.

Investing for the Long Haul:
While the allure of a quick return can be tempting, the smartest investors recognize the value of long-term gains. The “Prime Picks” approach involves envisioning the trajectory of a property’s value over time. Are there plans for future developments nearby? Is the neighborhood poised for sustained growth? By focusing on properties with long-term potential, you position yourself for enduring profitability.

The Hunt for Emerging Gems:
Identifying the hottest upcoming real estate deals requires a keen eye for potential. Often, these opportunities are hidden in plain sight, nestled within neighborhoods undergoing transformative changes. Gentrification, infrastructure improvements, and proximity to key amenities are factors that can propel an area into the spotlight.

As an investor, being able to spot these trends and anticipate their impact on property values can give you a significant edge.

Timing is Everything:
In the world of real estate, timing can be the difference between a profitable investment and a missed opportunity. As markets shift and trends evolve, understanding when to enter the market is crucial.

The “Prime Picks” strategy involves researching the projected timelines of upcoming developments, taking into account factors such as construction progress and market demand. This knowledge empowers you to position yourself strategically, maximizing your returns.



Due Diligence Pays Off:
Unveiling prime real estate deals requires thorough research and due diligence. Investigate the credibility of developers, assess the quality of construction, and study the surrounding market conditions.

A comprehensive understanding of the property’s potential value and growth prospects will guide your investment decisions. Remember, the effort you put into research can significantly impact the success of your investment.

Diversification Strategy:
The world of real estate is diverse, offering a range of property types and investment avenues. “Prime Picks” don’t solely refer to residential properties; they can include commercial spaces, mixed-use developments, and more.

Diversifying your real estate portfolio with these emerging gems can provide stability and multiple income streams.

Unearthing the hottest upcoming real estate deals demands a combination of foresight, research, and strategic thinking. As an investor, the ability to identify properties on the cusp of greatness can lead to substantial financial rewards.

By keeping an eye on emerging neighborhoods, understanding the importance of timing, conducting thorough due diligence, embracing a long-term mindset, and diversifying your investments, you position yourself at the forefront of real estate success. The world of “Prime Picks” is waiting to be explored—venture forth and uncover the gems that will shape your financial future.

Thinkmint Nigeria will provide you with the perfect prime picks when it comes to real estate investment.

For the best off plan and land properties in Nigeria, Kindly Visit our website www.thinkmint.ng/buyrealestate/ and secure your ownership today.

Properties › 10 Real Estate Terms To Know When Buying Your First Property by NgThinkmint(op): 3:56pm On Mar 15, 2023
When buying a property, either for the first time or as a seasoned investor, there are real estate terms you would come across at different times during your purchase journey. Having a comprehensive grasp of these real estate terms would establish you as a smart buyer with in-depth knowledge of the industry and would also improve the entire experience for you. This glossary of real estate terms are alphabetically organized for you to make reference to on-the-go.

Appreciation – This is how much your house increases in value over time. A lot of factors can affect this increase including Building improvements, Housing demand in the area, Government Regulations, Project Constructions, and inflation. 

For example, In Lagos, Land value in Epe is continually increasing due to proposed projects in the area. Notably - The New International Airport along Lekki-Epe Expressway. Property value in the area is set to increase by 50% before 2024. Key into early sales with Ashborne Gardens and Martel Grandiose.

Certificate of Occupancy – A Certificate of Occupancy is a legal document issued by the government that proves that a person owns land in Nigeria. The Government reserves the right to seize any plot of land or property without a C of O at any time without any compensation paid.

The purpose of obtaining a certificate of occupancy is to establish that the house or building is in a livable condition according to the law. Such a certificate is usually required to occupy the facility on a daily basis, to sign a contract to sell it and to close a mortgage on the property.

Debt-to-Income Ratio – DTI ratio compares a person’s gross monthly income to their total monthly payments. It’s calculated as a percentage and used by lenders to determine whether someone is qualified for a loan. A low DTI is considered less risky while a high DTI is riskier, and therefore makes the person less attractive to lenders.

Read Full Article here https://www.thinkmint.ng/buyrealestate/10-real-estate-terms-to-know-when-buying-your-first-property/

Looking to buy your first home with a flexible payment plan or NHF Mortgage Loan? Thinkmint Nigeria connects you with the best properties in the market with great financing options to suit your needs. Find your dream home thinkmint.ng/buyrealestate .
Properties › Own A Luxurious 2 Bedroom Apartment In Ologolo Lekki With N3M by NgThinkmint(op): 10:29pm On Mar 12, 2023
Own a luxurious 2 Bedroom Apartment in Lekki with 3 Million Initial Deposit. Ruby 3 is a 2 Bedroom Apartment lekki located. A sophisticated and spacious collection situated at Ologolo Lekki, Lagos.

FEATURES
Standard Sized Rooms
Designated Parking Space
24/7 Power
24/7 Water Supply
Luxurious exterior & interior finishes

Property Type 2-Bedroom Apartment

Outright Price - N50,000,000

Initial Payment - N3,000,000

Payment Plan - 12 Months

For more information or to schedule an inspection - Kindly contact us on 0809 784 5065


https://ruby3lekki.thinkmint.ng/
Properties › What To Look Out For During Property Inspections: 5 Tips For Homebuyers by NgThinkmint(op): 7:02pm On Feb 26, 2023
Property inspections are crucial in the real estate industry. Whether you are looking to rent, buy or sell a residential/ commercial property, inspections should be carried out to ascertain the physical condition and other elements of the property, to ensure that you are getting the best deal possible.

There are different types of property inspections including – Building inspections, Insurance inspections, Title inspections, Bank Inspections, etc. For the purpose of this article, we have discussed top tips homebuyers should look out for during a property inspection for both Off-Plan and On-Plan Properties:

Visit the Property
With the aid of innovative tools, it has now become possible to conduct thorough home checks and property inspections virtually. However, it is always advisable to visit the property you intend to purchase physically, or contract an agent or trusted party to do so. This way, you get first-hand experience of what could be your long term abode and you have the opportunity to ask questions about anything that you notice about the building or property.

Create a Checklist to Guide Inspection
As you prepare to go inspect a property, having a checklist in hand to guide your check and search is necessary so you do not leave anything out. Take your time and look carefully at everything and make sure you are satisfied with the condition of the property.

Inspect Property Documents
When inspecting an Off-Plan Property at conception, there should be an open house/ showroom on site where you can view the property documents including the project layout, project approval, project agreement, and the 3D visuals of the project.

These documents are essential, as it is the evidence that shows that the property seller/developer has a good title and as such can validly transfer ownership to the buyer. And the project layout gives a clear representation of what the property would look like when it is complete.

Whether a property is developed as Off-Plan or On-Plan, the title documents are made available even before construction begins. Always be alert to avoid scams. The safest way to buy is to indulge the services of verified companies like Thinkmint Nigeria. Discover the marketplace here.

Inspect The Building
If the property you are to inspect is fully completed or still under construction then inspecting the condition of the physical building should be at the top of your checklist. For the interior, look closely at the walls, ceilings, floors, and the appliances available in the property. Check for structural issues and electrical defaults (go along with a technician before the final decision on purchase is made).

For the exterior part of the building, there are several things you need to observe including: the overall condition of the building, foundation, roofing, doors and windows, plumbing, electrical systems, drainage, sewage, landscaping, neighborhood facilities, etc.


Thinkmint Nigeria conducts weekly property inspections for all the available properties in their portfolio. Clients have the opportunity to be picked up or dropped off at their desired location during inspections. To learn more, kindly contact Thinkmint Nigeria on 0809 784 5065 or visit the website www.thinkmint.ng/buyrealestate

Thinkmint Nigeria conducts weekly property inspections for all the available properties in their portfolio. Clients have the opportunity to be picked up or dropped off at their desired location during inspections. To learn more, kindly contact Thinkmint Nigeria on 0809 784 5065 or visit the website www.thinkmint.ng/buyrealestate
Properties › What To Look Out For During Property Inspections: 5 Tips For Homebuyers by NgThinkmint(op): 9:17pm On Feb 23, 2023
Property inspections are crucial in the real estate industry. Whether you are looking to rent, buy or sell a residential and commercial property, inspections should be carried out to ascertain the physical condition and other elements of the property, to ensure that you are getting the best deal possible.

There are different types of property inspections including - Building inspections, Insurance inspections, Title inspections, Bank Inspections, etc. For the purpose of this article, we have discussed 5 top tips homebuyers should look out for during a property inspection specifically for building inspections :

Visit the Property
With the aid of innovative tools, it has now become possible to conduct thorough home checks and property inspections virtually. However, it is always advisable to visit the property you intend to purchase physically, or contract an agent or trusted party to do so. This way, you get first-hand experience of what could be your long term abode and you have the opportunity to ask questions about anything that you notice about the building or property.

Create a Checklist to Guide Inspection
As you prepare to go inspect a property, having a checklist in hand to guide your check and search is necessary so you do not leave anything out. Take your time and look carefully at everything and make sure you are satisfied with the condition of the property.

Inspect Property Interior
You will spend the most time indoors in your property. This makes it one of the most important aspects to inspect during a property inspection. As you get into the property, look closely at the walls, ceilings, floors, and the appliances available in the property. Check for structural issues and electrical defaults (go along with a technician before the final decision on purchase is made).

Inspect Property Exterior 
[/b]When you are looking at the exterior of a home, there are several things you need to observe including: 

The overall condition of the building
Foundation
Roofing
Doors and Windows
Plumbing
Electrical Systems
Drainage
Sewage
Landscaping
Neighbourhood Facilities, etc.

[b]Inspect Title Documents

The title the property holds, is one of the most important details to be concerned with during an inspection. This document is essential, as it is the evidence that shows that the property seller/developer has a good title and as such can validly transfer ownership to the buyer.

Whether a property is developed as Off-Plan or On-Plan, the title documents are made available even before construction begins. Always be alert to avoid scams. The safest way to buy is to indulge the services of verified companies like Thinkmint Nigeria. Discover the marketplace www.thinkmint.ng/buyrealestate.

Thinkmint Nigeria conducts weekly property inspections for all the available properties in their portfolio. Clients have the opportunity to be picked up or dropped off at their desired location during inspections. To learn more, kindly contact Thinkmint Nigeria on 0809 784 5065 or visit the website thinkmint.ng/buyrealestate
Properties › How To Market Yourself As A Real Estate Agent by NgThinkmint(op): 6:10pm On Feb 05, 2023
The requirements to become a real estate agent, especially in Nigeria, is almost non-existent. Anyone with a couple of leads can sell. And can continue to, either on a full-time or part-time basis. 

In advanced countries, it is illegal to practice as a real estate agent without the necessary qualifications and licenses from regulatory bodies. This makes the profession organized, and agents strive for prestige. 

So how exactly do you brand yourself as a professional in this field? 

If you have no idea how to get started, we have put together this beginner-friendly guide on how to market yourself as a qualified real estate agent : 

Who is a Qualified Real Estate Agent?

A qualified real estate agent is someone with experience, training, and knowledge in the local real estate market. 

Qualified realtors will understand their clients’ needs and use this information to promote themselves effectively. An expert realtor uses marketing strategies that work for them to sell more properties to more people. 

How to become a Real Estate Agent 
Get Trained within a Real Estate Company
Gain Working Experience from Professional Real Estate Companies 
Obtain Relevant License 
Learn Basic Maths and Customer Service Skills 
Network with other Realtors 


Read Full Article here https://www.thinkmint.ng/buyrealestate/how-to-market-yourself-as-a-qualified-real-estate-agent/


Looking to buy your dream home with a flexible payment plan? Thinkmint Nigeria connects you with the best properties in the market. Find your next property.

To get expert help to start your profitable property investment journey, talk to Thinkmint Nigeria on 0809 784 5065 or visit our website here

Properties › Where To Buy Affordable Terrace Houses In Lagos by NgThinkmint(op): 10:00am On Jan 28, 2023
The decision-making period before buying a home involves filtering through property types and its features to find the perfect space that meets set desires and is also within reasonable budget.  

If you are looking to buy a home, it is important to explore the range of available options --in terms of property types in the market to allow you widen your options or narrow your criteria. 

In Nigeria, especially in places like Lagos and Abuja, developers are being greatly influenced by international exposure thereby building estates with cutting-edge architecture. 


Popular housing types in Nigeria include - [/b]Condominiums, Bungalows, Duplexes, Detached/Semi Detached Houses, Terraces, etc. 

In this article, Terraced Housing is the star feature. So if you are buying a home this year, here's why you should consider getting a Terraced House. 


[b]What is a ‘terraced house?’ 

[/b]Terraced or Terrace Housing are a row of houses that are built in a uniform manner and share a common wall on either side of the house except the corner unit. The inner walls are otherwise known as party walls and the houses at the end are called end-of-terrace. 

The defining characteristic of terrace housing is a row of identical houses that share side walls and mirror each other in style, format and construction. 

The style and practicality of modern terrace houses are attracting a new generation of buyers.



[b]OUTSTANDING FEATURES OF TERRACE HOUSING


Relatively Cheaper to Own

Terrace houses are commonly cheaper in pricing than other property types like Detached and Semi Detached Duplexes. This is because of the slightly lower construction cost of terraced units compared to others. Dunvale Court V, a collection of 3-Bedroom Terraces along Orchid Road Lekki is a classic affordable Terrace option compared to other properties within the same location.

Lower cost savings is primarily through use of precut sub-units which inherently maximize available units per given landscape and also from having fewer windows and party walls. 


Maximizes Investment Value

Terrace houses are often simple, repetitive designs built with the single goal in mind to maximize the investment of the property they are being built on. With each dwelling being connected to each other, there is no need for the hefty exterior material costs.


Lower Maintenance Cost

Modern thinking in Architecture creates Terrace housing designs with more usable open space and shared common amenities. The cost of maintenance of these amenities are also suitably shared amongst occupiers. 

Duplex-Styled

Unlike apartment blocks, Terrace houses have no properties above or below. Each unit has a separate entrance without any interior connection between two units. This also offers a level of privacy that apartment blocks do not. Enjoy prime lifestyle in the Modern-Styled Terraces in Abraham Adesanya, Ajah - Reserville Estate


Looking to buy your dream home with a flexible payment plan? Thinkmint Nigeria connects you with the best properties in the market. Find your next property. Visit www.thinkmint.ng/buyrealestate

Properties › Earn Up To 45% Profit - Buy Into 2 Bedroom Apartment In Lekki With N100K by NgThinkmint(op): 4:47pm On Jan 23, 2023
Don't miss out on your share of profit in our Buy-Back Offer with up to 45% ROI. Start with as low as N100K💰

Full Details of Offer in the slides. Read to begin your profitable investment journey today.

Thinkmint Nigeria remains the best plug for your land and off-plan property deals ,

To schedule an inspection to see any of our kindly contact us on
📞 +234 809 784 5065

🌐 thinkmint.ng/buyrealestate
🌐 novarick-buyback.thinkmint.ng

Properties › 2 Bedroom Apartment For Sale In Ologolo Lekki by NgThinkmint(op): 3:07pm On Jan 17, 2023
Ruby 3 is a sophisticated and spacious collection of 2-Bedroom apartments situated at Ologolo Lekki, Lagos.

FEATURES

Standard Sized Rooms
Designated Parking Space
24/7 Power
24/7 Water Supply
Luxurious exterior & interior finishes
Unit Type

2-Bedroom Apartment

Outright Price

N50,000,000

Initial Payment

N3,000,000

Payment Plan

12 Months



For more information or to schedule an inspection – Kindly contact us on 0809 784 5065

Properties › Own A 300sqm Land In Mojoda, Epe With N200,000 ID by NgThinkmint(op): 10:36am On Jan 17, 2023
Own a 300sqm piece of land at Ashborne Gardens, Mojoda, Epe, very close to the newly proposed Lekki-Epe Airport.

Some estate features are:

100% dry land
Good road network
Constant electricity
Perimeter fence
Security post
High ROI
Friendly environment
Capital appreciation
Payment Details:

0 – 3 months – ₦900,000

6 months – ₦1,000,000

12 months – ₦1,200,000

Initial deposit – ₦200,000

Survey – ₦300,000

Documentation – ₦100,000

Developmental – ₦400,000


Learn more here https://www.thinkmint.ng/buyrealestate/property/300sqm-ashborne-gardens-epe/

or Call 0809 784 5065
Properties › Benefits Of Securing Off-plan Properties by NgThinkmint(op): 5:33pm On Jan 06, 2023
Buying ‘Off Plan’ means securing a new property before construction begins or is complete. Both residential and commercial developments can be bought off plan.

In most cases, the buyers rely on digitized imagery like design blueprints and architectural models of the proposed project presented by the developers, to get a visual look and gain insights into what the property would look like at round off-stage.

Essentially, when buying off-plan, you enter into a contract with the developing company to buy a property that is yet to be built. This can take from 6 up to 24 months to bring to a close –depending on the prevailing market conditions during construction.

Investors have recognized this practice to be cost-effective. It is a smart strategy for new buyers and for those looking to build their existing portfolio.

On the flip side, paying for a pre-developed product has its risks, just as with any investment. Below, we have covered the benefits of securing an off-plan property and ways to ensure you make a credible purchase.

Benefits of Securing Off-Plan Properties

Price Lock

Buying off-plan means you are buying the property at a rate that will remain locked, even after completion. This rate is usually below the open market value at which the completed units will be sold.

[b]Outsourced Construction Phase

Constructing housing from the scratch is a hugely rigorous process, especially for those without any experience in the field. Buying a property off-plan gives the house owner the leverage to pass-off development burden to the developers while enjoying the freedom to follow progress.


Read full Article here https://www.thinkmint.ng/buyrealestate/benefits-of-securing-off-plan-properties/

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