Ready Property VS Off-Plan Property
Ready property is a property that is already completed and ready to move in, whereas off-plan property is a property that is still being built or is in the process of being developed. Ready property is typically more expensive than off-plan property since it is already available for purchase and use. On the other hand, the off-plan property can be a great investment opportunity as it can be bought at a lower cost and has the potential for appreciation once the property is finished and ready for move-in.
Benefits of investing in ready property
- No need to wait for the construction to be completed
- Lower risk of the property’s value depreciating due to delays in construction
- Ability to move in right away
Benefits of investing in off-plan property
- Potentially lower purchase price
- Ability to customize the property to one’s own needs
- Ability to purchase in a prime location at a lower rate
- Potential for appreciation in value when the property is completed