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WHAT ARE PRO AND CONS OF PURCHASING PROPERTY OFF-PLAN IN KENYA?

Fig. 1 showing photography of off-plan property in Kenya In Real Estate, off plan purchase is referred to as buying a property that is still under development process or rather it is yet to be completed.   In Kenya, there are various factors that motivate purchase in off plan. These factors include; good payment plan, reputable developer, substantial savings, ability to give input on a show-house and lastly good negotiation power especially while paying in many units.  Off plan purchase here in Kenya comes with its pros and cons. They include; Pros of off plan purchase of Property in Real estate. What are these pros (advantages) of off plan purchase in Real estate? 1. You are locked in a price which saves you in any future market trends. Purchasing your property off the plan allows you to lock in the price and saves you from any future market trends that may see the rest of the houses in the area go up in price. Even if your property’s value goes up, you will not need to pay ex