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New Builds, Vacant Land & Developments
Article 69 of 74

Buying off-plan? You are buying documents as well as a future home.

An off-plan purchaser commits before the completed property can be inspected. The contract, plans, specifications, finishes schedule, developer obligations and timing therefore matter enormously.

PROPERTY INSIGHT 69 Buying off-plan? You are buying documents as well as a future home.

What to know

  • Read the exact unit plan and specifications rather than relying on show-unit impressions.
  • Understand permitted design or material substitutions.
  • Check estimated completion, occupation and delay clauses.
  • For sectional-title developments, investigate proposed levies, rules, parking, exclusive-use areas and future development rights.
Professional advice

This guidance is general information. Where legal, tax, structural, compliance or regulated-work consequences may apply, obtain advice from an appropriately qualified professional for your circumstances.

Important Information

The information in Fabulous Homes Insights is provided for general property education and information. Property, tax, finance, sectional-title, rental, municipal and compliance matters can differ according to individual circumstances, contractual terms, scheme rules, municipal requirements and changes in law. Where necessary, readers should obtain advice from an appropriate attorney, conveyancer, tax practitioner, financial professional, property practitioner, engineer, inspector or other suitably qualified professional.

FABULOUS HOMES

Property decisions deserve good information.

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