What are the advantages of buying a luxury villa or "new build" in Cyprus off plan?
If you are tempted to buy a luxury villa in Cyprus otherwise known as a new build property, then it may be worth giving an off plan or architect designed property serious consideration. There are some exquisite bargains to be found at present by choosing to buy this option and best of all you will save around 40% of the eventual price when the property is finally built. This is a great way to combine a dream property purchase and also turn it in to a fine investment. Carefully selected projects are a win win situation and can even rise to over a 50% increase in property value as soon as the build is complete. With modern builds it is possible to have a fully landscaped garden which is ready at the same time the property is.
Benefits of architect designed or new build luxury villas in Cyprus,
Achieve more property, specification, design and value for money, buying on well chosen projects. Secondly, it is possible to tailor the property to your own specifications easily at this stage, like choosing the colour scheme, units, appliances and possible alterations to the property layout. With modern builds, the fully landscaped garden, designed as you wish, can be ready at the same time the build is complete.
New builds usually provide a 10 year guarantee for main failures in the structure and roof as well as the initial guarantee on all appliances and electrics etc. Buying early on a good project means that you can often get the best locations and extras thrown in. Property investors 9 times out of 10 opt for new build property, they negotiate the best deal and then sell the property after it has risen in value as new builds usually make excellent investments.
People are usually "put off" this option for two reasons. The first is that buyers like to see property that is completed and do not like to wait. Property buyers also usually assume that either they personally have to oversee construction or that it will be a "headache" to manage. Either way this assumption is wrong. Companies can send pictures and details at every stage of construction and usually good agents are quite happy to assist as well.
The most important thing to remember is to check what the builder has done before and if possible speak to previous clients. Investment property experts like those at 1cyprusproperty are very useful in this process they are usually intimately familiar with the best projects.
For any more advice on buying new build property in Cyprus, contact: firstname.lastname@example.org
To see a truly exceptional example of a new build property which will be one of the finest luxury villa purchases in Cyprus for 2012 click below.
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Patience, can achieve a great Cyprus luxury villa purchase,
The vast majority of purchasers tend to be highly impulsive and want to see the villa right away. The buyer who is prepared to wait (usually around 12 to 16 months) can often find themselves with a fantastic purchase and a huge deal more property for the money. Another major benefit is the ability to have input in to the design, specification and final layout. In these days of Modern property development you can even have your garden fully landscaped exactly the way you want it in tandem with the build.
These projects can be easily managed at every stage after the initial foundations and shell have been completed. They can also be managed by your agent at no extra charge, who will keep you updated at all stages and make sure that all the snagging is completed. In summary the only major consideration is in choosing the right builder and the rest is a formality. This method of buying a property is the staple diet for the modern real estate investor as it provides the best way to obtain exceptional property value.
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