Five good reasons to buy off-plan 

When people talk about ‘buying off-plan’ they are referring to the practice of buying a property while it’s still under construction. New properties are often offered for sale around six months before they are finished.

If you’ve not bought ‘off-plan’ before then the thought of buying a home that you can’t physically look around may seem a tad unusual, but you’ll get plenty of support to help you imagine life in the property – and there are some impressive rewards too.

Top five off-plan benefits 

1. You can grab a bargain!

Purchasing off-plan can be substantially cheaper than if you’d waited until the build is finished.

2. You get the pick of the properties 

By getting in first you can secure the aspect, position and views that you want, as well as the pick of features like private patios, balconies and parking spaces – so it is exactly right for your retirement dream.

3. You know it is yours

New retirement developments are usually built in highly sought-after locations. By getting in early you won’t miss out. You can secure a new home for a reasonable deposit (usually around £1,000).

4. You can relax – it’s guaranteed

Your new off-plan home will be covered by the NHBC Buildmark warranty. This protects your deposit as well offering a two-year builder warranty period, plus eight years of insurance against build defects.

5. You can start planning for an exciting new future

Buying off-plan gives you plenty of time to prepare for your move. Even better if you buy with McCarthy Stone you could benefit from their Smooth Move offer which includes free specialist removals plus a significant financial contribution towards estate agency and legal fees.

How do you buy a retirement property off-plan?

Sign up early for updates

First search for developments that are ‘coming soon’ in your chosen area and sign up to be kept up-to date on any that look promising. That way you’ll be first to hear when properties are ready to buy off-plan.

Browse McCarthy Stone’s coming soon developments here.

Get as much information as possible to bring the property to life

Talk to the development’s sales consultant and make sure you attend any events or open days that they put on. These will give you the chance to see images, floor plans, videos and samples to help you to visualize the finished property. You’ll also learn about pricing, special offers and things like whether it is possible to rent as well as buy.

You could even get the opportunity to visit comparable properties in the area. At selected developments McCarthy Stone offers the chance to enjoy a free overnight stay at a similar community, so you can get a real feel for life there.

Make sure you ask lots of questions, for example: 

• What’s included in the price?
• What is the service charge – and what does it offer you?
• What facilities and services can I expect?
• What are the timings? When can I move in?

Once you’re completely happy you’ve made the right choice, you can pay the deposit and start making plans for a move into a sparkling new home.

Ready to make the leap? Browse McCarthy Stone’s off-plan properties here.

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