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How to minimise the risks of buying off the plan

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Horror stories of buying new apartments off the plan are easy to find but can blow the risks far out of proportion. To make a successful purchase, it’s essential you conduct your own research and take extensive advice from a financial adviser as well as your solicitor or conveyancer. They should be familiar with off-the-plan transactions.

Most importantly, you need to know precisely what you are buying, the total price and your rights throughout the process as well as how buying off the plan fits into your financial plan. That means asking hard questions and being relentless to make sure you are satisfied with every detail of the contract.

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