Buying an Off Plan Property, or still in construction phase, is increasingly popular in Portugal since it provides the buyer with a substantial reduction in the price and the possibility of the payment can be diluted throughout the period of purchase, until the point of delivery of the property. With a new found interest in the construction industry the Algarve already has properties of all categories, apartments through to villas, still in the construction phase up for sale. Not only this but the quality of construction has improved significantly in recent years, and generally ranges from good to excellent. Find out the advantages of using an Off - Plan VAP Property.
The prices of new properties vary considerably with its location and other characteristics. However, by choosing to buy an unfinished property, in most cases, the purchase price is generally lower than is the case with finished products and older properties (which may require upgrading or renewal), as there is a fixed price for the finished product, unlike the cost of renewing a property which could exceed the initial estimate.
Some developers give the possibility to choose the interior decoration. If you buy a property still in the plan phase you can usually choose not only the decoration as various features of your property: Layout, color palette, type of floor tiles, heating, etc. Such modifications may be included in the final value of the property.
Being among the first buyers, offers the possibility to choose among the best units in terms of location, solar orientation, visibility and other specific features.
In summary, buying a new product in the construction phase means lower maintinance/renewal costs, a discounted purchase as well as having a flexible payment schedule based on the construction schedule.
Buy a Property in the planning phase means having to imagine the finished product (i.e. your investment) and therefore also requires some caution. The following topics should be examined before making a final decision:
Generally, there are three basic steps:
Note: It is important to ensure that each step is completed satisfactorily before making payments.
For VAP Real Estate, is essential to work with acceptance criteria very strictly and rigorously before agreeing to market a property plan. Thus you have our guarantee that all properties of this type (sold by VAP Real Estate) will have passed our strict list of criteria.
By opting for a Off-Plan Vap Real Estate Property, you will be able to see the various properties still on plan, discuss designs, layouts, quality of construction, orientation, size, views, finishes, materials, etc. that match your needs and expectations. We will give you even a full explanation of each real estate investment opportunity .
Does the area fits with your personality?
Do you want peace and quiet or to live in a more lively area?
Looking for a property with pool, near the beach , or a property with a fantastic view of a green golf course?
The options are endless! Just have an image in mind of what you really want and let us know when we show it to you.
Let us help you find your dream property in Portugal.
If you need more information, do not hesitate to contact us.
Choose to live in Portugal! Choose with VAP Real Estate.