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