What is Off-Plan Buying?
Off-plan buying refers to the process of purchasing property, typically residential apartments, houses, or commercial units, directly from a developer before the construction has been completed or, in some cases, before it has even begun. Buyers commit to purchasing the unit based on architectural plans, artistic impressions, and project specifications, rather than inspecting a physical, finished property. This model is widely used in Kenya, particularly in urban centers such as Nairobi, Mombasa, and Kisumu, where demand often outpaces supply.
How Off-Plan Buying Works
A step-by-step guide to your off-plan investment journey
Project Launch
Developer announces new project with detailed plans, designs, pricing, and timelines including brochures and sample units.
Reservation & Deposit
Select your preferred unit and make a reservation with a booking fee ranging from 20% - 30% of the current asking price.
Sale Agreement
Sign legally binding agreement detailing payment terms, construction timelines, specifications, and obligations.
Progressive Payments
Make installment payments corresponding to project milestones spread over the construction period.
Handover
Upon completion of the project, inspect finished unit for compliance, then proceed with the title transfer and registration of ownership.
Advantages of Off-Plan Buying
Why off-plan purchases are attractive to investors and end-users
Lower Initial Cost
Off-plan properties are generally priced lower than completed or secondary market units, providing more affordable entry.
Capital Appreciation
Benefit from price appreciation during construction period and realize significant capital gains by completion.
Flexible Payment Plans
Customized payment schedules spread over construction period reduce financial burden of lump-sum purchases.
Choice of Prime Units
Early buyers can select best views, layouts, and locations within the project before options become limited.
Modern Designs
Contemporary architectural styles with energy-efficient features and desirable amenities like gyms and pools.
Premium Amenities
Access to swimming pools, children's play areas, fitness centers, and other luxury facilities.