Buy­ing Pre-Con­struc­tion – The Good, the Bad, and the Ugly

The Prince George Citizen - The Citizen - Real Estate Weekly - - Real Estate Weekly -

When con­sid­er­ing buy­ing pre-con­struc­tion, you need to think in slightly dif­fer­ent terms to buy­ing a re­sale home. Es­sen­tially, you’ll be in­vest­ing in a prop­erty that hasn’t been built yet, in a neigh­bour­hood that also isn’t com­pleted. De­pend­ing which stage the project is at, it could be sev­eral years be­fore you can move in.

While this does have its ad­van­tages, it also re­quires po­ten­tial pre-con­struc­tion buy­ers to think of such a pur­chase more as an in­vest­ment than a typ­i­cal re­sale pur­chase.

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