The benefits of buying off plan
Category News
The day you get the keys to your new home is bound to be one of the most exciting days of your life. It's even more exciting if the keys (and the home) are brand new and have never belonged to anyone else. When you move into a home that you have purchased from somebody else, there may be things that aren't quite suitable or to your taste. If you're buying off plan, on the other hand, you'll have had a say in the final touches of your home, and since it's brand new, the only work to do will be your unpacking. Over and above this, there are numerous other advantages to buying off plan.
The financial benefits of buying off plan
If you're buying off plan, chances are your property is in a new development. Since these will almost always be pre-approved for purchase by the major banks, getting your home loan approved through Ooba will be easier than ever. With the historic interest rate set last year continuing into 2021, there has never been a better time to buy property - especially if it's in a new development. The other huge advantage of buying a home in a development like 1 on Anne in Sandringham or Bramley Views in Bramley, Johannesburg is that you will not need to pay transfer duties - even if the cost of your home is above the R1 000 000 threshold.
As an added bonus, properties in new developments have often grown in value between the time you pay for it and the time you take occupation once construction is complete. This could be a massive advantage if you plan to resell your investment upon completion.
The benefits for buy-to-let investors
For buy-to-let investors, buying off plan is a dream for a host of reasons. For starters, units in the latest developments will be up to date in terms of the latest design trends. This means there's no work to be done before having an ultramodern, ultra-appealing unit to show to would-be tenants. Thanks to the property being brand new - rather than 10, 20 or 50 years old - there are no maintenance hassles to worry about. On top of that, there's the value add of having all the latest and greatest building materials and the ability to often choose your own finishings.
Introducing 1 on Anne
At 1 on Anne, trendy urban living meets tasteful design and convenience. The three-storey apartment block has one, two and three bedroom apartments with enviable finishings like engineered quartz kitchen surfaces, Grohe showerheads and energy-efficient gas hobs. With provision for 24-hour security, this is the perfect home for a young executive or a family looking for a safe and sophisticated way of life.
The location of 1 on Anne - conveniently within a short drive of Greenstone Shopping Centre and the hub of Rosebank - places residents within a stone's throw of many amenities. Schools such as Saheti and Yeshiva College are close to home, and the area offers easy access to Gauteng's main highways.
Say hello to Bramley Views
With homes starting at just R470 000, Bramley Views boasts studio, one-bedroom and two-bedroom apartments that offer urban sophistication in every corner. Residents can enjoy magnificent views of Sandton from a social space rooftop while knowing that round-the-clock security measures are keeping them and their possessions safe. Situated just a stone's throw from the hub of Sandton, Bramley Views is a perfect home for those on the corporate ladder. 100% bonds are available depending on your finances, and payments on a home in Bramley Views can be as low as R3 800 per month.
Buying off plan and being the first owner of a property comes with a range of benefits - both financial and in terms of the choices that you get to make. For more information about the developments we are marketing in various parts of South Africa, visit our development portfolio online and contact our team from Jawitz Properties.
Author: Jawitz Properties
