Deciding to purchase a property in Mallorca may be the best decision you can ever make. The warm Mediterranean sea is always minutes away, the constant year-round warm temperatures, delicious food, and friendly people can bring constant joy. Therefore, finding the right property in Mallorca may give rise to the best decision you will ever make.
However, something that might be inconvenient when taking your journey into purchasing your first property in Mallorca is where to find it. With the increasing number of real estate agencies to choose from and the difficulty of organising visits or viewings, it can be a constant hassle to find time to see the many properties for sale. Not to mention, some properties are sold for extreme prices!
This is why in this article, we will outline the main reasons to consider hiring a property developer rather than going to a real estate company. There are several reasons why it might be better to purchase property from a property developer rather than a real estate agency. Here are some of the main advantages:
Greater returns on investment: Demand for new properties is often higher than demand for used properties, especially in areas with limited housing supply. This can drive up the price of new properties, leading to faster appreciation. Also, new properties tend to be more attractive to buyers because they are often located in newer, more desirable neighbourhoods, and they tend to have modern features and finishes that are popular with buyers. This can also contribute to faster appreciation.
Customisation options: Property developers may also offer more customisation options than real estate companies. This could include things like the layout of the property, the materials used, and other features. This can be especially helpful if you have specific needs or preferences that are not met by properties available from real estate companies.
Warranty (locally sourced): When you buy a property from a property developer, you may also receive a warranty on the property. This can provide peace of mind and protection against any potential issues that may arise in the future. Real estate companies may not offer a warranty or may only offer a limited warranty.
Expertise: Property developers are experts in the development and construction process, and they have a deep understanding of the property market. When you work with a property developer, you can tap into this expertise and ask questions about the construction process, materials used, and any other concerns you may have. This can be especially helpful if you are a first-time homebuyer or if you have limited knowledge about property development.
Financing options: Some property developers may also offer financing options to help you purchase the property. This can be especially helpful if you are unable to secure a traditional mortgage or if you are looking for more flexible financing options. This is something you can always discuss with your property developer beforehand.
Personalised service: Property developers may offer a higher level of personalised service than real estate companies. These companies are typically smaller and may be more focused on building relationships with their customers. This means that you will have more opportunities to communicate with the company and get straight answers to all your doubts and questions.
Potential for a better price: In many cases, you may be able to get a better price on a property when you purchase it directly from a developer. This is especially true in a place like Mallorca where the real estate market is extremely competitive. Property developers often want to sell their properties quickly and may be willing to offer discounts or other incentives to do so.
Quality of construction: Property developers are typically more focused on the quality of the properties they build and sell. This is because their reputation and success depend on the quality of the properties they produce. As a result, you can expect the property to be well-constructed and built to last.
Conclusion
In summary, purchasing property from a property developer can offer several advantages over purchasing from a real estate company. These include a higher level of quality in construction, more customisation options, a warranty, expertise, financing options, personalised service, and the potential for a better price. Ultimately, the decision to purchase from a property developer or a real estate company will depend on your individual needs and preferences.
