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4 tips for buying a property on plan

buying a property on plan

Residential property is flying like hotcakes these days. Even before you have a chance to take a detailed look at an advert online or in real life, the flat or house you are interested in has usually already been sold or rented. Even houses that have not yet been built or finished are already being sold these days. With the latter, even just a plan is enough to make a final decision. But how do you go about it, buying a property on plan? Read on for Immowi’s tips.

Conduct sufficient research

Those who buy a property on plan usually buy a flat or a house that is part of a larger unit or new construction project. This means that not only you, but also other buyers or co-owners are involved in the project. To avoid different diverging opinions and, consequently, more work and delays, choices for, among other things, the layout of your flat or interior design choices are limited.

Those investing in a home on plan must therefore trust, on the one hand, their ‘fantasty’ (the home is not there for now), and on the other, trust other parties so that the project is delivered well. This makes buying a property on plan an exciting investment.

While there are many things that are out of your control, there are factors that you can assess in advance. Are you afraid of night noise? Then visit the area around the new construction site several times beforehand and see what could cause a nuisance. Do you like living in a car-free neighbourhood? That too is easy to find out. And so there are numerous more examples of things you can check in advance.

Record everything clearly

When certain choices are made, it is best to put them down on paper. The same goes for the timings attached to them. Together with the client and other parties, draw up a realistic and detailed planning in which all the choices made are noted. This will avoid misunderstandings, conflicts or delays in the future.

Another tip: put all defects on paper at the first handover. That way, you can be sure that your house will be delivered complete, spotless and just as you want it.

Communicate your interior design preferences in time

Those who buy a house on plan usually opt for a layout that has been laid down on a floor plan. Within the purchased package are some basic decisions when it comes to interiors. If you want to choose specific items such as a kitchen, a bathroom or built-in cupboards, for example, then you make these decisions separately from the purchase of your floor plan. After all, everyone has their own taste when it comes to interiors, and those tastes already vary in price.

But the longer you wait to buy a new-build flat or house, the more advanced the construction process is. That also means that the longer you wait, the less say you have in choosing your interior. Even though construction promoters are constantly looking for buyers, they cannot keep waiting for effective sales to continue finishing a property.

Benieuwd naar de interieurtrends voor 2023? Neem dan een kijkje op onze instagrampagina.

Take advantage of the Breyne Act

The Breyne Act is a law that protects you (financially) as a buyer. It means that for a house on plan, you have to pay an advance of up to 5% of the total price. You then repay the remaining amount in instalments depending on how the works progress. There are only a few conditions before you can invoke the law. For example, the property you buy must be for housing. In addition, it must also be built by only one construction promoter or contractor and finally, there must be at least one year between the provisional and final delivery of the property. Finally, e seller also remains liable for any hidden defects for 10 years.

More information on the Breyne Act can be found here.

Would you like to buy a new property, but don’t know where to start? Immowi is happy to help you!

Immowi Assistance

There is often an invisible wall between marketing and sales. Companies invest in marketing campaigns to generate leads, but do not take the right actions to turn those leads into customers. To remedy this shortcoming, the strategic online lead generator Immowi is adding a new extension: Immowi Assistance. Until now, we delivered high quality leads thanks to online marketing, but with Immowi Assistance we significantly increase the chance of these leads actually becoming customers. Thanks to this approach, companies that do business with us know how to convert their leads and have a platform where the leads are offered on a silver platter, ready to be converted into valuable customers.
Extremely result-oriented
We could make it easy on ourselves and be happy with just bringing in high-quality leads. But it’s frustrating when your hard work doesn’t follow through. Immowi’s great strength has always been that we are very results-oriented. Many marketers have a reputation for selling hot air, because they can’t substantiate their returns. We did that right from the start, and that’s why we were able to grow from one to more than 10 full-time employees in a very short period of time.
With MyImmowi we just go one step further than what classic lead generators do. We go to the point where a lead becomes a valuable prospect. We help our customers convert their leads into customers.
Entrepreneurial mindset always in mind
MyImmowi builds the bridge between marketing and sales. We Make it as easy as possible for the client to contact the lead. You have to keep them warm. If you let a few days or even weeks pass between the moment a lead shows interest in your product and the moment you contact that lead, you will lose him. Then your success ratio will remain low. So, we try to immediately set an appointment in the diaries of our clients’ salespeople. You have to strike while the iron is hot.
Letting sales people do what they do best
Sales people like to sell, but they thoroughly hate administration. They keep track of their leads, their appointments and their deals in Excel, or even with pen and paper. They only keep track of their own prospects. Many companies do not have a sales pipeline. So, you risk sending a quotation to a customer after a successful meeting, but ultimately missing the customer because you forgot to follow up on the quotation. You’re almost done, but because of the lack of a decent digital process you miss out on a customer – and therefore also on turnover.
We pick the low-hanging fruit for our customers. We automate the entire process from lead to customer, and put it into one clear dashboard. This way, as a business manager, you can follow everything from A to Z. How many leads does a campaign produce? How many of those leads drop out along the way? How many become customers? What stage is each lead in? The personnel cost of sales people is very high in many companies. If sales people do not lose time calling leads and recording appointments – which we do – they can focus on what they are really good at. And that is still selling, closing deals.
Measuring ROI to the euro
We bring marketing and sales under one roof. That way, you can make your campaigns much more effective. Imagine that your campaigns for one brand on Facebook and on Google both generate 10 leads, but that 8 of those 10 Facebook leads become customers and only 2 of those 10 Google leads. If you’re purely marketing, you won’t get that information and so you’ll continue to put the same amount of effort into Facebook and Google.
If you also include the sales part and you do get that information, then you can turn the right buttons, redirect your budgets and generate much more turnover.