When it comes to real estate, timing can make all the difference. Buying in the first stages of a development often proves to be a savvy investment decision, and Aberdeen is no exception. With a major wetlands project set to be delivered alongside stage one, early buyers could be positioned to benefit from early infrastructure and strong capital growth potential.
- Highly competitive entry prices
One of the most attractive aspects of buying in the first stage of a development is the entry prices. Typically, properties in the first stage of development are offered at lower prices compared to later stages. This is because developers often offer early-bird discounts or incentives to attract initial buyers. This can mean significant savings compared to buying the same property later in the project. The land in future stages usually increases depending on how quick the previous stage sold and the demand/waiting list for the next. By investing early, you’re essentially locking in a lower price for a property that will likely appreciate in value. - Capital growth potential
Properties in the early stages of development have greater potential for capital growth. As the project progresses and the new schools, community centres and updates to current amenities grows, the demand in the area grows and the value of these properties tends to increase. Investors who get in early can benefit from this potential rising market value. - Higher rental yields
For investors considering rental properties, buying in the first stage can lead to higher rental yields. The lower initial purchase price, combined with market-based rental rates, can result in a higher percentage return on investment. As the area’s infrastructure develops and demand grows, rental rates often increase, further enhancing your rental income potential. - Longer settlement timeframes
Stage one developments typically have longer settlement timeframes, offering buyers more flexibility to plan and prepare financially. This extended period can be particularly beneficial for those needing more time to organise their finances or prepare for the move. - Buying ahead of infrastructure being delivered
Investing in the first stage often means buying ahead of the full delivery of infrastructure. While this might seem like a drawback, it can actually be a significant advantage. As infrastructure is built and amenities are added, the value of your property is likely to increase, providing a solid return on your investment. In the case of Aberdeen and it’s surrounds there is a lot of infrastructure to come. Schools, community and sports centre, new retail, two new parks and major wetlands project all on track for delivery. - First pick on lots and lot locations
Another key benefit of buying in stage one is the ability to choose from the best lots and locations within the development. Early buyers have the firstpick, allowing them to secure the most desirable lots, whether it’s for the views, proximity to amenities, or overall positioning within the community. For those looking to invest in Aberdeen, the combination of highly competitive entry prices, capital growth potential, higher rental yields, longer settlement timeframes, and the opportunity to buy ahead of infrastructure delivery make stage one an attractive option. By acting early, you can position yourself to reap the rewards of a strategic investment.