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What you need to know before buying an off-plan property

What you need to know before buying an off-plan property

Buying a property under construction is a significant decision that requires careful consideration and thorough research before proceeding. The opportunity to choose an apartment in the early stages, benefit from competitive pricing, and invest in a new project makes this option appealing to many buyers. However, before investing, it is crucial to evaluate the construction company, documentation, project quality and standards, layout, orientation, payment terms, and completion timeline. Equally important is analyzing the area’s development and the future potential the property may offer. This article guides you through the key points to check and consider before purchasing a property under construction, ensuring your decision is as informed and secure as possible.

Mirlinda Muja

Mirlinda Muja

Office Assistant | IllyrianHome

Location is the investment: How does the area influence the future of the property?

Location is the investment: How does the area influence the future of the property?

In the premium real-estate market, a property's value isn't determined solely by what lies within its four walls. The location plays a pivotal role in shaping demand, functionality, and its potential to either preserve or increase in value over time. Infrastructure, accessibility, amenities, housing or rental demand, and urban development are all critical factors to evaluate before making a purchase decision. A thriving area that enhances its infrastructure and attracts more residents and businesses creates far more favorable conditions for the properties situated there. Therefore, investing in real estate means assessing not just the property's current state, but also the area's future potential.

Mirlinda Muja

Mirlinda Muja

Office Assistant | IllyrianHome

One apartment, two prices: Why properties in the same area don’t hold the same value?

One apartment, two prices: Why properties in the same area don’t hold the same value?

Two apartments in the same area with similar surface areas can have entirely different prices. The value of a property is not determined solely by the price per square meter but also by the floor, orientation, view, layout, building quality, apartment condition, and parking. To truly understand a property’s price, you must consider everything it offers as a whole—not just the square meter count. After all, two properties may be side by side yet not provide the same value.

Amarildo Zerellari

Amarildo Zerellari

Licensed Real Estate Consultant | IllyrianHome

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