Often what makes people more excited to invest in a construction project is the potential to get a high rate of return on their investment. However, this is not the only advantage to consider. Investing in a property with future development also brings benefits such as capital appreciation and passive income opportunities in terms of rental income.

Here are ten reasons why investing in a construction project is smart:

1. The cost of ownership is usually lower during the construction phase

The biggest advantage of a project under construction is that the prices are low. You can purchase the property at a lower price and enjoy a significant appreciation in value once the project is completed. In addition, many developers offer attractive payment plans and other incentives to buyers who purchase under-construction properties, which can make them more affordable.

2. The value of the property will increase the moment you get possession

Given that a project under construction often has lower prices, it means that the investment increases in value in a short period of time. For example, from the time the reservation is made to the time possession is granted, the price, accordingly, the value of the unit increases.

The price of the property increases as the construction of the building progresses. Increasing the surrounding neighborhood of the property also increases the value.

3. Availability of flexible payment options

Homeowners are under no pressing obligation to pay a substantial amount all at once. Payments for properties under construction are collected in accordance with the various and scheduled construction phases. This allows property buyers to pay the amount in a more relaxed manner, as the financial burden of the property purchase can be spread over an average period of 2-3 years.

4. Modifications and Customization

Investing in under construction properties can be advantageous as it gives buyers the flexibility to choose their preferred location, floor and amenities, which can add value to the property and lead to higher returns.

5. Investing in projects under construction can lead to higher returns

Through construction risk, investors will be able to see and analyze the property before buying it. As a result, they will know the type of building materials and layout before committing to a long-term contract. This allows investors to gain knowledge of the risks and potential return before investing their money in a property that may or may not be worth it.

6. Under construction property is a popular choice due to the novelty factor

The brand new look, extended durability, reduced maintenance issues and the latest amenities to enjoy.

7. Warranty for property under construction

Buying a property under construction offers an important advantage: the 10-year warranty on the construction (structure) of the property.

8. Improved quality of construction materials

A lot has changed in the last 15 years in terms of construction in Spain. In terms of materials and construction a big improvement is visible. Now we see very good double glazing with aluminum frames.

9. New properties with renewable energy

Some properties under construction in Spain are much more energy efficient. In this area, substantial progress has been made in recent years, and builders are using renewable energy for part of the power source.

10. Residential complexes with many facilities

When you buy property in a residence under construction, you often benefit from well-maintained, beautifully landscaped common areas with elegant swimming pools, relaxation areas, indoor spa with sauna, heated pool and jacuzzi. A small sports facility and children's playground at the complex are also becoming more common.