What You Need To Know
When Buying Pre Construction Condos
Know The Builder
Important for investors and owners to buy into a reputable builder who has proven success with previous projects.
Know The Area
Buyers must be aware of the location and neighbourhood a project is being built. Understand the current resale values in the area and compare this to the price per square foot of the investment. Investors should review the price growth rates, and rental rates of the specific area.
Views & Floor Plans
Understand the difference between the layout functionality and total square foot of each floor plan. What space and floor plan will work best for your lifestyle and investment. The exposure of a unit will change the view and natural sun light.
Having All The Information
It is import to be fully aware of all the details of your purchase, and to ensure none of the fine print is overlooked. It is critical to have a 3rd party lawyer who specializes in pre construction sales review all documents.