Why To Buy A Pre-construction Condo?

1. Why To Buy A Pre-construction Condo?

2. A pre-construction condo is a not-yet-built condo that you can buy from the builder before the beginning of its construction.

3. A resale condo is a fully built condo that can be purchased from the current owner of the condo

4. Are you planning to invest in real estate? You may be confused whether to buy a pre-construction condo or a resale condo. The demand of the pre-construction condo has increased in Canada over the past few years. It is definitely because of its financial benefits.

5. Here are some of the advantages of buying a pre-construction condo

6. Customization With the help your builder, you are able to completely customize and design your condo according to your tastes. You can even choose the floorplan that you like. • Can buy at cheaper prices For buying a pre-construction condo, you only have to pay base prices. You don’t have to pay appreciation costs

7. You don’t have to do renovationsYou don’t have to renovate your condo within the first decade. If you notice something wrong in the structure of the condo, you are able to contact your builder and it will be repaired for free. • You don’t have to worry about paymentThe down payment can be paid in a series of installments to the builder. So it provides you enough time to get the things in order and to save up the money.

8. You can get some offers like incentivesThe builders usually offer some incentives such as household appliances, extra space within the building, etc. Only you have to do is to contact the builder and enquire about the offers. • NewnessYou are able to enjoy the newness of the condo and can get security. As it is new, your condo will be in good condition when you move in.

9. Buying a new one is always good. With the help of a good real estate agent or broker service, it is easy to buy new condos within a reasonable or affordable budget. Avoid the confusion and take the right decision!