The Pros and Cons of Buying Off-Plan PropertiesBuying off-plan real estate that is purchased before construction is completed and has become increasingly popular in Nigeria. While this approach offers several advantages, it also comes with potential risks. Understanding the pros and cons can help buyers make informed decisions when considering off-plan investments.  ­ Pros of Buying Off-Plan Properties  1. Lower Purchase Price Off-plan properties are usually offered at lower prices compared to completed properties. Developers often provide early-bird discounts to attract buyers, making it an affordable way to enter the real estate market.  2. High Appreciation Potential Since buyers invest at an early stage, the property value often appreciates by the time construction is completed. This means that early investors can sell at a higher price or enjoy a property worth more than what they initially paid.  3. Flexible Payment Plans Many developers offer instalment payment plans, allowing buyers to spread payments over the construction period. This makes it easier for individuals who may not have the full purchase amount upfront.  4. Customization Opportunities Buying off-plan gives buyers some level of control over property design, such as selecting finishes, layouts, and materials. This allows for a more personalized home or investment property.  5. New Property with Modern Features Off-plan properties are typically built with the latest architectural designs, energy-efficient systems, and modern facilities. Buyers get a brand-new property with fewer maintenance issues compared to older homes.

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Ibom Air female passenger’s remand ignites selective justice uproar

12th August 2025

Uthman Salami, Israel Olabisi and Anjola Dawodu

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