If you are thinking about buying a condo in the future, you should consider purchasing a pre-construction unit. Pre-built condos present a wide variety of advantages, which is probably why most buyers prefer them. Below are some of the top reasons as to why property buyers opt for the pre-built condos.
They Offer Customization Options
Buying a pre-built condo allows you to customize the design of every square inch of your unit, right from scratch. This, of course, will be with the help of a builder to ensure that everything is done professionally. The ability to customize can ensure that you get the perfect condo that you desire and give you a sense of satisfaction.
Cheaper that Newly Built Units
Real estate investments are considered to be among the most stable investments. This is because the property value usually goes up within a short duration, generally less than five years. There are various locations where the value can increase significantly within even a year – making a purchase after construction is completed means that you will have to pay the price of the unit that will be offered at that time, which will most likely be higher than the pre-construction rate.
No Renovations
When you buy a resale condo unit, you are likely to spend a lot of money on doing renovations and modifications to suit your preferences. When you buy a pre-construction unit, you will probably not need to do any significant update for many years after you move in. In the rare case that there is something structurally wrong, the builders will be responsible for fixing it without any charges.
Developers offer Incentives
A majority of condo builders usually offer some form of incentives as a way of attracting prospective buyers. The incentives can be anything ranging from household appliances to some additional storage space provided within the building. There is even the possibility of negotiating with the builder to get better offers, provided that you are serious about investing in the condo.
Flexibility in Payment
Buying a resale unit requires you to put a down payment for your mortgage, especially if you do not want to pay for mortgage insurance. This can be a bit challenging at times, particularly if you do not have enough savings. Choosing a pre-construction unit at Piermont Grand EC presents the opportunity for you to hash out a deal with the builder where you get to make payments in installments. You can even make the final payment when you get the key to your unit.
