The Benefits of Buying A Pre-Construction Condo
by Arina Smith Real Estate 03 November 2018
Are you thinking about making a huge life decision to buy a new home? Perhaps you’ve been considering the benefits of purchasing a condo sometime in the not-so-distant future. Whatever your hopes and expectations may be when it comes to moving, and while it may be a long list, you’ll need to make one very important decision before you start searching for a home – whether you want a presale or pre-construction unit. Each option comes with their own pros and cons, but today we’ll be looking at the potential you can unlock with going the preconstruction route.
You Get Complete Control:
Have you ever dreamed of your ideal home? We all have our own specific vision of what the perfect property looks like. For some of us, it’s a family home with a huge garden. For others, it’s a space with a great view, close to the city center, much like the latest pre-construction condo projects in Toronto. When you buy a pre-construction condo, you get to build every aspect of your ideal home from scratch, all the way down to the type of flooring you want in your living room. You get complete control of your design process (provided that your ideas are realistic in the eyes of your builder). No other real estate opportunity gives you so many customization options. On top of that – there are no renovations to worry about either. You won’t need to find the cash to fix problems with your new home, because you’re building the ultimate property from scratch. Most units come with a guarantee too, so if anything goes wrong, you can contact the builders.
You’ll Get the Best Prices:
In Canada, America, and various other locations around the world, real estate is one of the most stable investments you can make. After all, people are always going to need homes where they can protect and nurture their families. Pre-construction condos can help you to get even more value out of your real-estate investments, by providing you with the property at a base price (without appreciation expenses). What’s more, some condo developers will also offer incentives to help make your real estate investment more affordable. These incentives can include everything from free household appliances, to additional features in the condo.
You May See Higher Returns:
Finally, because of the increasing demand for housing in Canada, and the lower prices of your pre-construction condos, you may find that you get a higher return on your investment. Getting in on the ground floor of a real estate project is a great way to optimize your investment. What’s more, because people love the imagination and creativity that go into pre-construction condos in prime locations, there’s a good chance that you won’t need to wait nearly as long for a buyer when you decide to put your property on the market. You could find that you end up with a significant return on your real estate in no time! It’s no wonder that so many people love pre-construction condos.