🏠 MORTGAGE & PROPERTY

Off-Plan vs Ready Property Comparator

Off-plan in Lagos is typically 20–30% cheaper — but construction delays average 12–18 months beyond the promised date. And while you wait, the money you've tied up could be earning 18–22% in Nigerian T-bills. Is the discount really worth it?

📊 Opportunity cost🏗️ Delay risk📈 Appreciation🏠 Rental income lost💰 Breakeven analysis
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Off-Plan vs Ready Property Comparator
Enter property details to see the true cost comparison
Opportunity cost uses 60% of capital (staged payment drawdown assumption)
Off-Plan Option
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Ready Property Option
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Key Analysis
Risk Assessment
Breakeven Discount Analysis

What off-plan discount would make both options exactly equal?

AI OBSERVATIONS
Smart Insights
Enter property details to get AI-powered insights on whether the off-plan discount justifies the wait and risk.
📋 OFF-PLAN DUE DILIGENCE
  • Check developer's track record — have they completed on time before?
  • Verify building permit is approved before paying any deposit
  • Use a lawyer to review the Sale & Purchase Agreement (SPA)
  • Ensure project is registered with the relevant authority (e.g. Federal Mortgage Bank in Nigeria)
  • Insist on an escrow arrangement — deposits should not go directly to developer's operating account
  • Understand what happens to your deposit if the developer defaults
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