Buying an Apartment in Installments? Here’s What You Need to Know

Owning a home in Addis Ababa is more achievable than ever thanks to flexible installment plans offered by developers like Temer Properties. Before moving ahead, it’s important to understand how installment-based purchasing works, what you’ll need to prepare, and what to expect along the way. If you’ve been thinking about buying a home but felt limited by upfront costs, this guide will walk you through how installment payments work and how Temer makes the process simple, transparent, and secure.

1. What Is an Installment Plan when Buying an Apartment, Exactly?

An installment plan allows you to pay for your apartment in phased payments rather than paying the full price upfront. You typically:

• Pay an initial down payment(often 10% to 30%)
• Followed by scheduled paymentsover a set construction or delivery period (monthly, quarterly, or milestone-based)
• Final payments may align with handover or title registration

Temer Properties offers tailored plans depending on your project timeline and financial comfort.

Key Financial Terms to Understand

Before agreeing to a payment plan, you’ll want to get familiar with a few basic terms:

 

Term	What it means
Down payment	Initial amount due to secure your unit
Installment schedule	The timeline for paying the rest (monthly, quarterly, or construction-based)
Interest rate (if any)	Some developers charge interest
Delivery date	The estimated completion or handover date of the property

 

3. What Makes Temer’s Installment Plan Different?

We designed our plans to reflect the needs of both local and diaspora buyers the included features are:

• Our plans start with a down payment as low as 10%, depending on the stage of the project, making it easier for buyers to secure a unit early.
• our installment plans come with0% interest, meaning you pay only for the property
• We also offer customized schedules, allowing clients to choose between one time, monthly, quarterly, or construction milestone-based payments that suit their cash flow.
• There’s no need for bank approval or mortgages, which eliminates delays and third-party complications.
• And most importantly, all contracts are secure, legally vetted, and written in clear terms, giving buyers confidence at every step of the journey.

4. Here’s How It Works with Temer

Once you choose a unit in one of our developments (like our new projects in Megenagna, Kazanchis, or Kera), you’ll follow a simple path:

1. Select your unitwith the help of our sales team
2. Pay your initial deposit(typically 10%-30%)
3. Sign your sales agreement, with a clear payment schedule
4. Begin monthly or milestone-based paymentsas construction progresses
5. Receive your keyson completion

You’ll be updated on construction status at every step, so you always know what you’re paying for.

What Our Buyers Appreciate Most

• Easier to Budget: You don’t need to pay everything at once.
• No Large Bank Loans: There is no requirement for bank mortgages.
• Secure a Unit Early: Lock in today’s prices while the project is under construction.
• More Access for Diaspora Buyers: Flexible payments allow buyers abroad to plan ahead without pressure.

6. Final Thoughts: Why Choose Temer for Installment-Based Buying?

Temer Properties doesn’t just sell apartments, we create opportunities for smart ownership. Our flexible installment plans, paired with strategic locations, quality construction, and zero-interest policies, make us one of the most trusted real estate developers in Addis Ababa.