Is buying pre-construction a good idea?

Stuck between picking a resale property and a new build investment? Here are a few reasons why new construction should be your ultimate choice.
Is buying pre-construction a good idea? image
Team Mundi
  Team Mundi
  08 Jun 2021

The benefits of buying pre-construction homes

Although the thought of buying a pre-construction home can be a daunting experience at first, there are numerous benefits to choosing a new build when considering to buy your next home:

  1. Dream home: Do you have a vision of what your dream home looks like? Pre-construction is the best way to turn that vision into reality. With a pre-construction property, you can design, personalize, and customize your home to incorporate the features and upgrades you desire the most at a fraction of the cost it takes to renovate. Instead of buying a cookie-cutter house assembled to fit basic needs, you get a choice to build a home that caters to your needs and wants.

  2. Time: With a pre-construction property, you will have time to save up for your down payment and closing costs leading up to the closing. This added time will alleviate any stress that comes with gathering the necessary funds to purchase a home. Have the capital, but short on time? Check out these homes for sale in Welland, townhomes in Niagara Falls, Condos in Toronto.

  3. Market Value: Not only do you dodge the bidding wars that are a common occurrence in today’s resale market, but you also get to buy the property before it is built and most likely at a cheaper cost than their resale contenders (considering the current real estate trends and projections for coming years). In most cases it is more profitable to buy a new home than resale as the value tends to increase during the waiting time. Keep in mind to ask your realtor to negotiate some extra upgrades with the builder. To avoid the hot seller's market, consider purchasing a property in Fort Erie, Sudbury, Thunder Bay.

  4. Control: With pre-construction homes, you have more control over the design of your property and will have extensive choices in regards to the floor plans, exterior design work, and colors too! You will be in the front seat – steering to all the right choices that fit your needs and wants. Check out the pre-construction projects on our website to see some of the options available to you as a buyer.

  5. New experience: It is not often that you get to experience the feeling of being in a completely brand-new home – particularly one that you helped design! Many receive the overwhelming feeling of satisfaction and a sense of fulfillment after purchasing a pre-construction property.

  6. Warranty: Having a warranty means a lot to new buyers as if there are any issues with the building, they can still be fixed by the builder. Your home is presented with a standard warranty with a new construction property. In addition to this, all of the items, such as appliances in your home, can be brand new and ensure that the home you live in is in the best possible condition.

  7. Process of building: Most buyers love to watch their home build from groundbreaking to the finished product. Most new homes come with newer technology such as heating and cooling equipment, alarm system, energy efficiency to keep your utilities in control.

To conclude, buying a pre-construction property is a good choice as you get to own a brand new, cost-efficient home that matches your style has loads of custom upgrades and a builder's warranty. It is truly a win-win situation.

Contact Us
  dalemundi@realestatehut.com
  416-413-1313
  206-7895 Tranmere Drive
Mississauga ON L5S1V9
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