Whether you’re a first home buyer, investor, or empty nester, buying a townhome in Victoria off the plan can offer significant advantages. An off-the-plan property is one that will be built and completed in the future according to a predetermined design. Like any property purchase, it's essential to weigh the pros and cons while considering your unique circumstances and goals.
One major benefit of buying off the plan is that you don't have to deal directly with the builder or architect – we handle everything for you. Now that you have a better understanding of what it means to buy off the plan, here are some of the top benefits of purchasing your new home this way.
Choosing a Community
Purchasing off the plan presents an excellent opportunity to secure real estate in a vibrant, well-situated community at an accessible price point.
In the heart of Victoria, our estates in Fraser Rise, Wollert, and Williams Landing provide the perfect backdrop for your family's future. Each of these diverse and welcoming communities offers a unique blend of amenities, including retail shops, dining options, schools, and convenient transport links, all within easy reach.
Designed with a focus on healthy and connected living, these neighborhoods are ideal for those looking to establish their roots and enjoy everything the area has to offer. Whether you choose Fraser Rise, Wollert, or Williams Landing, you’ll find a place that feels like home.
Maintenance time and costs
Older properties often come with maintenance costs and issues that require time, effort, and money to fix. In contrast, buying a Cedar Woods townhome off the plan can save you on maintenance, as everything is brand new and comes with a structural warranty. This warranty ensures peace of mind and reduces the need for ongoing upkeep.
For those who value minimal maintenance, a Cedar Woods townhome is an excellent option to consider. With everything brand new and a structural warranty in place, you can enjoy your home without the hassles often associated with older properties.
Lock in your price
Having a set price locked in can be a great advantage if you need certainty and to avoid budget blow-outs. An off the plan property with a predetermined design means you’ll know exactly what you are signing up to. Plus, you might enjoy some market growth in the time between contract signing and your new property being complete!
Ready to rent
If you are an investor, buying off the plan can be a great way to ensure that your new purchase is rent-ready and appeals to a range of potential tenants. New homes will be built in line with the latest building codes and standards, meaning that you can start putting your property to work and earning rental income sooner.
Government grants and concessions
For an extra boost, you might be eligible for considerable savings on stamp duty or government grants, which are often available for new builds including off the plan properties. Click here to check your entitlements.
Read the fine print
As with any new home purchase, make sure you take your time to research thoroughly before you sign on the dotted line. Ensure you fully understand the contract, including your responsibilities and the terms and conditions.
Ready to take the next step?
If you're considering buying off the plan and want to explore your options further, you've come to the right place. On offer in Melbourne is a range of brand-new townhomes available off the plan.
Explore the current Townhome offerings at any of the Cedar Woods estates in Victoria by clicking the link below. Our dedicated team is here to assist you every step of the way, ensuring you find the ideal townhome that meets your needs.
Townhomes in Wollert
Townhomes in Williams Landing
