Reply To: Why does anyone buy off plan?



My husband and I bought off plan in North Devon 3 years ago and the build was delayed by over a year – best thing we ever did, during the time from reservation to completion, the real value of the property went up from £225k to £325k. We were buying it as a holiday home to rent out, so it did not matter to us about the delay, but for the people who were going to live there permanently it was obviously a major issue. We have also bought off plan in the CDS, ready for completion this month, a bit late, I think, but again as we are not planning to live there, it doesn’t matter to us – whether or not it turns out to be a success, we can’t tell yet! Lots of serious property investors buy off plan – you just need to do your own homework first, check the builder, etc.