It’s no secret that investing in real estate can be one of the most profitable decisions you can make. There are however many property investors who ask whether it’s better to build a home in Israel instead of going through the process of buying one.
There are two key factors to keep in mind if you’re wondering whether to buy or purchase a property in Ashkelon, Israel.
You need time
If you’re considering going the construction route, you need to have enough time to dedicate to the process. Along with having enough time, you should also be present in Israel during the building process. If you won’t necessarily be in Ashkelon at the time, it’s best to have someone in the country that can assist you.
What are your specifications?
With property in an area such as Ashkelon being in such high demand, you won’t always find exactly what you are looking for. If you have a long list of property requirements, it might be better to consider building a home from scratch in order to get exactly what you’re looking for.
As an added bonus, one of the main benefits of building a home instead of purchasing one is that you are exempt from VAT when purchasing land in Israel. It should also be noted that a builder’s services are not subject to acquisition tax either. While these savings won’t be huge, they do help.
If you require assistance with locating land that you could potentially use to build your dream home, it’s best to work with an agent in order to speed up the process and to ensure that you run into fewer difficulties as you navigate the Ashkelon property sector.