Advantages and risks of buying off-plan apartments

Buying apartments under construction always involves certain risks, but with proper information and the right choice of a reliable developer, it can represent an excellent opportunity for a lower purchase price, a wider selection of units, and long-term property value. When it comes to real estate in Montenegro, off-plan purchases are becoming increasingly common. Below, we explore the key advantages and disadvantages of buying apartments under construction.

Advantages of buying off-plan properties

More affordable prices

One of the main advantages of purchasing a property under construction is its more competitive price compared to completed, move-in-ready properties. Although pricing is influenced by factors such as location, developer reputation, and property specifications, off-plan properties are generally offered at lower prices than finished units, making them more accessible to buyers.

Investment Potential

The period between the initial purchase and the completion of construction often leads to an increase in the property’s market value. As the building approaches completion and occupancy, prices typically rise, making off-plan purchases an attractive investment option. This creates a realistic opportunity for higher returns, especially if the property is sold after construction is completed or shortly before handover.

Disadvantages of buying off-plan properties

Uncertain construction timelines

One of the biggest risks of buying property under construction is uncertainty regarding completion deadlines. Construction delays may occur for various reasons, including financial difficulties faced by the developer, permit-related issues, or unforeseen circumstances on the construction site. As a result, buyers may need to adjust their planned move-in dates, which can lead to additional costs and planning challenges.

Differences between planned and final results

Another drawback of off-plan purchases is uncertainty regarding the final appearance and quality of the property. While developers present plans, layouts, and visual renderings in the early stages, there is no absolute guarantee that the finished property will fully match the initial specifications. Changes in design, layout, or materials during construction may lead to differences between what was promised and the final outcome.

As with any major life decision, purchasing a property under construction requires carefully weighing both advantages and risks. While off-plan real estate can be a strong investment opportunity, it demands thorough research and informed decision-making. Verifying the developer’s credibility, understanding contractual obligations, complying with legal procedures, and monitoring construction progress are essential steps toward a secure purchase.

To make the most informed and confident decision, contact Amfora Real Estate. With years of experience and in-depth knowledge of the Montenegro real estate market, we help buyers understand all key aspects before making their final purchase decision. We are here to make your journey to the right property easier — get in touch and find out how.