3 major benefits in buying Pre-construction properties in Toronto
Wednesday Mar 14th, 2018Share
It’s tough to buy a new home today right? Not if you act cleverly and buy a pre-constructed property! Not many people understand the term or what it actually implies. In here, you shall learn about the many benefits of buying a pre-constructed property.
The benefits of buying Pre-construction properties in Toronto are many. Because of this, if you wish to buy and own a premium property at affordable rates, then you should invest your time and money to finding one such property. Currently, there is a construction boom in Toronto which makes it the best time for investors to put their money in. For investors, such a prime property can become their investment rental property, their first home or second home.
Here are some of the reasons why residential buyers in GTA are so interested in buying Pre-construction properties in Toronto. It allows them to lock into a lower price, the price which would otherwise rise exponentially once the property is complete. Developers are eager to sell of the property to such clients because it gives them a guarantee that people would come to live here from early on, and thus they are only to happy to cut down on the selling price by a considerable degree.
Now, without much further ago, let us now find out what are the many benefits of buying a pre-construction property.
1) Great benefits: When you buy a pre-construction property, you get enormous residential buyers GTA benefits. For one, you get to buy your dream home at the lowest price since you are buying an apartment or property before it is even constructed. Wondering why you’ll be getting such low prices in the first place? For this, you need to know how sales teams and developers strategize. As an unwritten rule of the construction and property development industry, there are 4 stages in which a price increase schedules, although there are some projects which have more stages. Now, once the building has 25% confirmed customers who want to buy or have already paid, the price goes up. The price increase increments are typically from 5% to 15%. This is why it is essential to lock into the lowest price possible.
2) You get the best of everything: Almost every condo building has varying rows of residences or lines which face certain directions. For instance, if the property is a waterfront one, the developers maximize your water views by making the balcony slightly angled. Other apartments may off fantastic sunrise and sun set views. This means that when you buy a pre-construction property, you can take your pick from the apartment with the best views.
3) You get the most advanced building technologies and the newest finishes: Nowadays, condo apartments and all the modern luxury residential buildings have every kind of imaginable modern amenity such as master room vanities, premium imported marble floors, walk in closets, stainless steel appliances, Italian design kitchen and much more.
While there are surely several other benefits, these are the top of the pile. When you buy Pre-construction properties in Toronto you get not just a privileged position in getting the best apartment of your choice with fantastic amenities and views, but also the lowest buying price.