If you are looking to buy a condominium in the Kitchener-Waterloo region, you have the choice of buying either an existing condo or a pre-construction condo. For those of you who are looking for Pre-construction condo sales services, Real Condo Experts can help. Let’s look at what buying a pre-construction condo means and the benefits of buying one.
Things to Know about Pre-Construction Condo Sales Services:
What is a Pre-Construction Condo Sale?
When developers are planning and building condominiums, they work with realtors to sell the units in advance. This is called the pre-sale. Buyers own the property before the building’s completion date and usually wait 2-5 years before they move in.
Real Condo Experts provide pre-construction condo sales services since they are some of the first people to know about the “new builds” in your area. Realtors help buyers find new builds and purchase them.
How does a Pre-Construction Condo benefit me?
1. Time to Save
If you are a first-time home buyer, a pre-construction condo is a great way to break into the real estate market. The deposit you put down is usually broken up into scheduled payments over many months, so that may make it easier for you to save for the down payment. Your Real Condo Expert may also be able to negotiate better financing terms with the developer.
2. Time to Plan
Along with having time to save money while your condo is being built, you also have time to plan. You will have plenty of time to sort through your belongings, giving away items you will no longer need or selling furniture that won’t suit your new condo. You’ll also have lots of time to pack boxes, pick out paint colors and trim, and shop for new furnishings. Moving is stressful, so having extra time to prepare can help ease the burden.
3. Better Pricing and Appreciation
Pre-Construction Condos are usually sold at cheaper prices than resale units. You will be buying your condo at a fixed price set by the developer that does not fluctuate with the real estate market. By the time you move in, your condo’s value will have likely increased, too. As the demand for property in KW increases, so does the value of your property.
One of the best advantages of pre-construction condo sales services is that you get to make a lot of choices about your new home! You have a lot of say when it comes to the location of your unit such as the floor, the direction your unit faces, or whether you are near the elevator or not. You also get to choose some of the features of your new unit which means custom flooring, paint colors, appliances, cabinets, countertops, lighting, and so on.
In Ontario, we have what is called “a cooling-off period (a specific number of days during which you can cancel an agreement without reason or penalty) when you sign contracts..to buy a newly-built condo” Read more about consumer protection. This offers you some flexibility in case there is some reason you cannot move forward with your new build.
Pre-construction Condos in Kitchener
Real Condo Experts has expert knowledge about the Kitchener-Waterloo real estate market and it’s realtors are excited to help buyers find a condo that becomes home. In fact, their mission is “realizing the dream of home ownership for everyone.” Contact Real Condo Experts to find your home.
KW listings is customer focused and has a superior knowledge of the local real estate market, whether you are a first time buyer, or investor! I have used their advice to successfully purchase properties. – Scott Paynter
I recently had Jason’s team help me with the sale of my house and the purchase of my current house, a great team of professionals, helpful in every way, thanks everyone. – Ken Kochut