I'm in the early planning stages of a duplex and am thinking whether it'd be a good idea to sell off the plan and allow the purchasers to make changes and customise to their taste/requirements.
I wouldn't allow downgrading, but perhaps I could include a medium level of finishes and allow the purchasers to change paint colours, bench tops, tiles, carpet, white goods, finishes, add gas points, add power outlets, etc.
I think this could be a winning strategy differing from most other duplexes on the market that sell you a finished product, after completion. The purchaser ends up with a new home with no input.
I'll be building them both as I'm a builder, so for me I do see the potential to make a little extra dosh through the variations as the purchasers won't have any other choice but to use my services during construction, otherwise they'd have to pay someone else more to do it later.
I guess the downside to the strategy is by selling off the plan, the property will be sold at an earlier date rather than after completion, so any increases in value may be lost.
I know this is common on larger scale developments where you can buy off the plan, but I personally haven't heard of anything like this for smaller scale developments.
What are your thoughts? Is this something anyone has experience with?
I wouldn't allow downgrading, but perhaps I could include a medium level of finishes and allow the purchasers to change paint colours, bench tops, tiles, carpet, white goods, finishes, add gas points, add power outlets, etc.
I think this could be a winning strategy differing from most other duplexes on the market that sell you a finished product, after completion. The purchaser ends up with a new home with no input.
I'll be building them both as I'm a builder, so for me I do see the potential to make a little extra dosh through the variations as the purchasers won't have any other choice but to use my services during construction, otherwise they'd have to pay someone else more to do it later.
I guess the downside to the strategy is by selling off the plan, the property will be sold at an earlier date rather than after completion, so any increases in value may be lost.
I know this is common on larger scale developments where you can buy off the plan, but I personally haven't heard of anything like this for smaller scale developments.
What are your thoughts? Is this something anyone has experience with?