The Benefits to Buying off Plan 20 Jul 2023 min de leitura Buying Off Plan It is a regrettable fact that many property buyers run a mile from buying off-plan. In fact, property investors should be running for their cheque books rather than running for the hills! Buying off-plan on a well-established resort with a steadfast reputation and good financial backing is a great way to acquire a property abroad for the following reasons. Lower Prices: Everyone loves to feel they are getting a good deal and one of the main benefits of buying off-plan in Portugal is that you can usually get a better price than buying a completed property. Developers often offer discounted prices during the early stages of development to encourage buyers to purchase at an early stage. Customisation: Does the idea of being able to choose your kitchen, floor tiles and bathroom suite appeal to you? How many buyers get into a new property and immediately rip out the kitchen, even sometimes when it is almost new? Another advantage of buying off-plan in Portugal is that buyers can customise the property to their liking. From choosing the colour scheme, finishes, and other details to reflect your personal style and preferences, your new property will immediately feel like home. Potential for capital growth: Buying off-plan in Portugal can be a good investment opportunity, as properties often increase in value as the development progresses and as the area becomes more popular. This can lead to potential capital appreciation for the buyer. In the 1st quarter of 2023, the House Price Index (HPI) in Portugal rose by 8.7% year-on-year. All the mod cons: Off-plan properties in Portugal will be brand new with up-to-date construction techniques and technology. With advances in green technology, this can result in lower running costs for the property. Payment Schedule: Developers often offer flexible payment schedules when buying off-plan in Portugal. Buyers can spread out the payments over a longer period, which can make it easier to manage finances. At Boavista, you pay a €10k reservation deposit to secure the property, followed by 20% 28 days later at the promissory contract. Then two stage payments of 20% at intervals for structure and roof and then the final 40% on the deed. Peace of Mind: When buying off-plan in Portugal, buyers can enjoy a level of security that they may not have when buying a completed property. Developers are typically required to provide warranties and guarantees for off-plan properties, protecting buyers in the event of issues with the property. Boavista offers a 10 year warranty on its new build properties. Buying on a resort - easy and secure: Resorts which offer new build properties are usually landscaped and beautifully manicured and infrastructure is maintained to a high standard. Developments mostly offer on-resort facilities, like Boavista, which has a golf course, clubhouse, tennis courts, spa, restaurants and other leisure facilities along with 24 hour security. Additionally, resort properties hold their value because of a controlled infrastructure with no unforeseen new buildings popping up in front of you, deteriorating roads or unkempt common areas. Modern facilities: If you buy off-plan, the communal facilities will likely be newly constructed and up to date. Boavista´s new Bayview Leisure and Wellness Centre is an exclusive facility for owners and their guests. It incorporates an indoor heated pool, relaxation rooms, hi-tech gym and outdoor heated pool. In warm weather, the glazed doors can be opened to the manicured lawns and a retractable roof makes an attractive feature which can be opened to the sky. The stylish gym offers a space fitted with modern cardio and strength-building equipment. While toning up, you can admire the spectacular views from the large picture windows. Why buying off-plan on Boavista is safe: ● It is a huge benefit to clients purchasing on Boavista that the resort is part of a multi-national property company. ● The Emerson Group is one of the largest privately owned property development companies in the United Kingdom. ● Its international subsidiaries include Emerson International, active in Florida, and Jones Homes in Portugal. ● Boavista´s parent company has worldwide assets of 1 billion pounds sterling, giving the resort the enviable position of being resilient to economic downturns. ● The Emerson group was built on the foundations of good service and a personal and professional relationship with clients. Off-plan properties on Boavista: The Sea Spray Apartments are due for completion Summer 2023 and Spring 2024. These ground and first-floor apartments are close to Bayview's leisure facilities so you can be in the gym in minutes or take a break from the laptop in the sauna. An ideal choice as a base for digital nomads they offer a state-of-the-art communications package included within the condominium fee. The broadband system gives high-speed internet access as a reliable and consistent speed with no download limit. After a hard day of work or play, you can have a sundowner on the terrace, or a rear balcony offers you a different vista to enjoy. An underground parking bay and locked storage room are a bonus for those who wish to lock up and leave or store surfing equipment. Prices start at £390k. Osprey Villas are due for completion Spring/Summer 2024 The three-bedroom semi-detached villas are elevated with views over the 3rd and 4th fairways. Conveniently located near the Bayview leisure facilities, they are also ideal as a family getaway or as a base for golfers. You have nothing to worry about with the condominium services taking care of the property, its security and communication services as well as the communal leisure facilities. A terrace and garden offer private outdoor space with a garage and laundry area giving you plenty of storage. Prices start at €620k. Don´t Miss Out! With all these attractions to buying off-plan, make sure you get on a hard hat and a hi-vis jacket and visit the latest phase of Boavista´s Bayview Village, which is currently under construction. If it's a detached property you are after, you have two attractive options with no condominium fees. Prestige Villas due for completion early Spring 2024 These highly sought-after modern four bedroom residences with swimming pool make up the Prestige range, which have been meticulously designed to exceed our buyers' expectations. Each property exudes luxury and elegance offering spectacular views over the golf course and the bay of Lagos. The contemporary open-plan living areas lead out to a relaxing pool terrace with a stunning view of the 13th and 15th fairway. The spacious double en-suite bedrooms give ample accommodation for family and friends. An integral garage with a laundry area offers plenty of storage space. If you want luxury, look no further! Prices start from €1,450,000. Property of Distinction Villas due for completion Summer 2024 These three bedroom properties exude elegance and have the option of a private pool. These modern detached villas offer an open plan living concept with contemporary finishing's and panoramic views, carefully designed to meet our buyers' expectations. These golf fronted properties with a garage and laundry area are the ideal opportunity when looking for an intimate distinguished home. Prices start at €850k without pool and from €890k with pool. Contact the sales office for more information on +351 282 000 170 Share article FacebookXPinterestWhatsAppCopy link Link copiado