What Does Buying Off-Plan Mean, and Why Would You Do It?

What Does Buying Off-Plan Mean, and Why Would You Do It?

Why buy off-plan? 

When it comes to buying a new build home – many prospective homeowners may find themselves with the option to buy off-plan. Put simply, this means purchasing a property before it's completed. Essentially, buyers commit to purchasing a property based on the developer's floor plans and specification potentially viewing a show home as well, rather than physically seeing the ready-to-move-in home you wish to buy. This may be because the property is in the early stages of development or merely a concept on paper.  

But why would you want to buy off-plan, and what are the benefits? We’ve dug a little deeper into this option for buying a new home.  

Choice of Property 

Buying off-plan gives you more choice in the location you want to buy, with the opportunity to choose from the best available plots and layouts, locking in your desired home style. This early selection allows you to lock in your desired home style.  

Benefit of the Full 1-Year DLP and Warranties 

As an off-plan buyer, you’ll benefit from a Defects Liability Period (DLP), which covers any minor issues that may arise after you move in. Additionally, you’ll enjoy the security of a structural warranty, ensuring long-term protection for your new home. Our team will outline these for you. 

Extra Time to Save Towards Moving Costs and Furniture 

One of the key advantages of buying off-plan is the extended timeline before completion. This gives you valuable time to save for moving expenses, furniture, and any other essentials you might need, helping you avoid last-minute financial stress. 

Time to Plan and Prepare for the Move 

With a clear and extended completion timeline, buying off-plan allows you ample time to plan your move in advance. This means you can organise your relocation without the pressure of tight deadlines, ensuring a smoother transition into your new home. 

Southern Housing New Homes offers a wide range of homes to buy, both fully completed and off-plan in London and the South East with Shared Ownership or Open Market Sale in some locations. Get in touch to learn more by calling our sales team on 0300 555 2171 or send us an email: sales@southernhousing.org.uk