Are you ready to buy a new home? Being able to find a place that is perfectly suited to you and your lifestyle is challenging. So, rather than buy something you'll have to renovate or settle for, consider a brand new, customizable option: pre-construction condominiums.
Keep reading to find out four (4) reasons why you should take advantage of pre-construction opportunities:
1. Better Prices
Quite possibly, the best reason to buy to during the pre-construction phase is the price. Developers base Pre-construction pricing on the estimated cost of construction. Resulting in savings passed onto early buyers. Also, financing for condo builds are usually dependent on a percentage of units sold, so you can use this as leverage to get a good deal during the early stages.
The second reason you should buy pre-construction condos is the range of choices you will have in helping to design your condo. You will have more say over the finishes used in your condo than if you wait until construction starts. Not to mention, purchasing a condo from a previous owner means there will be changes you'll want to make. A pre-construction purchase means you can customize your condo to your exact style and specifications.
3. Unit Selection
Another compelling reason to buy during pre-construction is the range of units from which you'll be able to select. When you're one of the first to purchase a pre-build condo, you have the most options to choose from for location, view, and parking. Imagine yourself in your new, customized home with all the amenities you desire as you sign your contract, and make your pre-construction purchase official.
4. Payment Plans
The fourth and final reason: the ability to start making payments on your condo right away is very appealing. It will make it easier for you to manage your construction loan when it rolls over to a mortgage. Hash out a deal to pay the down payment in a series of installments, providing you with the opportunity to save up and get things in order. Just remember you have to pay the last 5% when you get your keys!
Prices usually don't go down for these high-end projects, so don't wait to buy your pre-construction condo today! Every day you wait means fewer choices and less flexibility.