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Perhaps you are the type of person who loves to dig out a hammer and paintbrush and turn an unloved property into a work of art.
Or maybe you are like the rest of us: busy, pragmatic, and needing a fully finished pristine property that you can enjoy from day one. It's why off-plan new construction homes are hugely popular.
However, is it wise to buy a house you haven't seen in person? It can be a smart move, and here are some tips to help you make a sound investment decision in DeLand, Florida.
Research the Developer's Reputation
When buying off-plan, you need some assurance that you are buying a high-quality property since you won't have the chance to inspect it in person.
Read customer reviews and look for any evidence of complaints or unmet expectations. Seek out developers who have won industry awards, too, as this is a good signal of a builder who puts quality first.
Review the Floor Plans
Take time to review the floor plans in detail and ask questions about any niggling concerns, however small. Think about whether the layout and flow of the property suit your lifestyle and tastes.
Get a tape measure and work out the size of the rooms and how big they will feel, as floor plans can sometimes give the impression of more or less space that exists.
Research the Surrounding Area
When you buy off-plan, you purchase more than a property-you're buying a lifestyle. So, location matters. Research the area and look at what local amenities are on offer.
Find out if the developer plans to build any community amenities, such as parks and sports facilities, for your DeLand real estate.
Review the Contract
The small print of any real estate contract is crucial, and you must take the time to read it. If some of the legal terms seem complex, seek the advice of a real estate attorney.
Circle anything that concerns you and return it to the developer with questions and clarifications before you sign it. This is vital as it will protect your investment should something go wrong.
Monitor Potential Delays
Construction timelines don't always go according to plan.
Things can go wrong with the DeLand property market, and you could face delays. It's important to anticipate these and plan accordingly to avoid unexpected costs.
Contact the developer regularly to ensure they are on track and discuss potential discounts or upgrades if the developer has a significant delay.
Ask About Upgrades in Newly Built Homes, DeLand
Many development projects allow buyers to customize their property during the design stage. This is one advantage of buying off-plan. Talk to the sales team about this before you sign, and use it as a negotiation tactic to help get the high-end finish you desire.
Buying Off-Plan: Getting the Most From New Construction Homes
New construction homes have a lot to offer. They are attractive investment properties if you want a rental and come without the hassle of renovation work. But always do your homework before signing.
PMI Central Florida has local expertise in DeLand, Florida, and an unrivaled knowledge of new real estate. We can help you find the perfect property. Start your search here.
