Buying Off Plan Property For Fun And Profit Article

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Buying Off Plan Property For Fun And Profit

When you buy a property in Bulgaria or elsewhere ‘off plan’ you purchase it based on the developer’s drawings, floor plans and artistic impressions.

Author: Kevin Mckay

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When you buy a property in Bulgaria or elsewhere ‘off plan’ you purchase it based on the developer’s drawings, floor plans and artistic impressions. This is either before building work has even commenced or a long time before the completion date.

Buying a property in Bulgaria off plan can be a safe and simple way to invest your money wisely. More and more people are choosing to do this, whether for holiday homes, buy-to-let opportunities or adding to their investment portfolios.

So what are the benefits of buying a property off plan?

1. Discounts. Save up to 20% on the usual price. Developers give ‘early bird’ discounts to buyers as a means of raising the necessary capital to finance the project.

2. Capital growth. You buy your property at today’s prices, which means that by the time of completion it may already be worth much more than you paid for it.

3. Stage payments. No large one off payment, which means that you can budget and save to meet each payment along the way. The largest instalment is not due until completion. Some buyers actually choose to sell the property before this final instalment thereby profiting from the rise in prices.

4. Design input. Not only do you get first pick of the best properties in the development. If you buy in the initial stages you may be able to influence the internal layout and design, or arrange for optional extras to be built in.

5. Brand new! Properties are given a structural warranty from the date they are handed over to you. There are no maintenance and repair costs, high quality due to modern standards. No concerns over the previous owners.

6. Guaranteed rental income. Option to get developer to rent out your property for you with a guaranteed monthly income that covers your mortgage payments. They can also arrange for furniture packs to be delivered meaning you can have everything on autopilot from day one. Peace of mind while your property increases in value.

So whether you are buying a property for financial security, or want to make a quick profit or simply want to have fun in the sun, then buying a property in Bulgaria or any other country off plan could be the answer.

About Author

Kevin is the Director of Foreign Property Investment; a company that will help you find and buy a property in Bulgaria.
http://www.foreignpropertyinvestment.com buy property in Bulgaria

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