Buy off-the-plan from a reputable developer

If you are buying off-the-plan, it is vital that you research the background of the developer and their track record.

Have there been court actions against the developer?

Do they have a history of delivering what has been promised and settling disputes quickly and neatly?

“Banks are strict on who they lend to. Banks also look for a good track record before handing over construction finance,” says Tim Rees, director of CBRE Residential Projects.

The internet is a good tool for research and look for blogs and newspaper articles. Do not judge a developer solely by its website and ensure there is an office where you can meet people face to face.

Also talk to friends, family, work colleagues or any people you know who have bought homes in previous developments off-the-plan.

Bad feedback about a vendor should ring alarm bells, while good reports are certainly worth remembering.

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