Off-plan buying refers to purchasing a property before its completion, often during the design or
early construction stages. This concept has gained significant traction in Kenya, driven by the
challenging financing environment faced by both developers and end buyers. Buying off-plan offers a
unique opportunity to acquire property below its actual market value, making it an attractive
investment option.
For investors, the promise of property appreciation is a key motivator for off-plan purchases.
Developers, on the other hand, offer lower prices at the beginning of a project to secure buyers and
investors early on. However, not all off-plan investments are created equal. There have been cases
where developers, due to financial constraints or unscrupulous practices, fail to deliver on their
promises, leaving buyers with poor-quality products or, worse, no property at all. To safeguard your
investment, here are five critical factors to consider before committing to an off-plan purchase.
1. Is the Developer Trustworthy and Professional?
Off-plan investments typically require extended payments throughout the development process, with
the balance due upon project completion. Therefore, it is crucial to ensure that the developer is
trustworthy and has a professional team capable of securing your money throughout the construction
period and successfully completing the project.
2. Transparency and Accountability
A credible developer should be transparent and willing to share all relevant information about their
projects. This includes how your money will be managed during construction. You should receive
regular updates, either monthly or quarterly, detailing the progress of the project, the allocation of
funds, and the quality of the work being done.
3. Track Record
The developer’s experience in real estate development is a strong indicator of their reliability.
Investigate how long the company has been in business and review their portfolio of completed
projects. Consider visiting these developments and speaking with current owners to gauge their
satisfaction with the quality of the homes and the developer’s responsiveness to any issues during
and after construction.
4. Project Viability
Location is key in real estate. Ensure that the project is situated in a prime location that is likely to
appreciate in value over time. For investors, this is especially important for buy-to-let properties.
Developers with experience will typically conduct market feasibility studies, which should be readily
available to you as a prospective buyer.
5. Payment Options
The payment plan should be clearly outlined, lasting through the project’s completion. Seek legal
advice to fully understand the contract before signing, ensuring it specifies the initial deposit amount
and the schedule for subsequent payments.
The Oint Country Homes: A Perfect Blend of Luxury and Comfort
At Amara Realty Company Limited, we pride ourselves on delivering high-quality, off-plan homes
that meet the highest standards of luxury and comfort. Our latest project, The Oint Country Homes, is
a testament to our commitment to excellence.
4 Bedroom Villas
Features: 4 ensuite bedrooms, a servant’s quarter, situated on a 100*100 plot.
Space: 300 sq. meters, including a terrace, a pergola on the flat roof, and a master bathroom
with access to the skylight via a spiral staircase.
Price: Starting from 26.5M on a 1/4 Acre plot, a 20% initial
deposit, with the balance payable within the construction period
3 Bedroom Condos
Features: 3 ensuite bedrooms, a servant’s quarter, available on either a 50100 or 100100 plot.
Space: 170 sq. meters, with a master bathroom offering access to the skylight.
Price: Starting from 14.7M for 1/8 Acre and 17.7M for 1/4 Acre, a 20% initial
deposit, with the balance payable within the construction period.
Both options feature well-landscaped gardens, ample electricity supply, and are designed to offer the
perfect blend of luxury and comfort.
Conclusion
When considering an off-plan property, the developer’s experience and reputation are paramount.
Before signing any agreement, conduct thorough due diligence, inspect the project, review the land
title deed, and evaluate the project design and management team’s capabilities. With the right
information and careful planning, off-plan buying can be a rewarding investment, offering significant
returns.
Discover luxury living with our stunning off-plan homes at The Oint Country Homes. With remarkable
progress in under three months, now is the perfect time to invest. Book your site visit today and
secure your dream home with Amara Realty.
📞 Contact Us:
For more information and bookings, reach out to Amara Realty at +254-721-26-00-00.