When you Presale condos Pricing benefits, you’re essentially buying a home that hasn’t yet been built. The developer will often provide you with a floor plan and a detailed outline of the condo’s features and amenities. In many cases, you’ll be able to choose certain finishes and features, such as the type of flooring or the color of the kitchen cabinets.
One of the biggest advantages of buying a presale condo is the price. Developers typically offer presale condos at a discounted price compared to what the condo will sell for once it’s completed. This early bird pricing is often accompanied by promotions and incentives such as waived closing costs or free upgrades.
Another advantage of buying a presale condo is the ability to lock in the current real estate prices. Real estate prices in Metro Vancouver and the Lower Mainland are notoriously high and have been steadily increasing over the years. By purchasing a presale condo, you can avoid paying a higher price for a similar property in the future.
Presale condos are also often located in up-and-coming neighborhoods, which means there’s potential for the property to appreciate in value over time. For example, Brentwood presale condos in Burnaby are located in a rapidly growing neighborhood with plenty of amenities and transit options. Buying into a presale condo development in an area that’s expected to grow and develop can be a smart investment decision.
Of course, Presale condos Pricing benefits does have some potential downsides. For example, unforeseen construction delays can push back the completion date of the condo. Additionally, buying a home that hasn’t yet been built means you won’t be able to see the finished product until it’s too late to make any major changes.