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Do your homework if you’re buying off-plan

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Buying an apartment off-plan makes the end product hard to conceptualise, says David Sedgwick, managing director of Horizon Capital Residential.

What will the home look like? Where exactly will it be situated within the building? Which direction will it face? And what will be the view from the apartment?

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It is, therefore, important that you physically visit the site to see it for yourself and to understand what the risks might be once the building is complete.

“For example, you might notice that other buildings could come up and potentially block your view.” He recommends that you ask the developer for the expected monthly levy costs so that you know what to expect.

Sedgwick adds: “With our electricity problem, having a generator in the building is a great benefit as well as being a great future selling feature.”

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