Investing in Preconstruction in this economy is one of the best ways you can enter the market and build wealth. In this episode I talk about the differences between re-sale and pre-construction and the benefits of investing in pre-construction in ANY economy. My name is Nico James-Bock and I'm a Broker and CondoWiz™ with Royal LePage Signature Realty in Downtown Toronto.
Some Benefits of Preconstruction Investing
1. Potential for Appreciatio
2. Customization
3. Extended Payment Structure
4. Newer and Modern Amenities
5. New Home Builder Warranties
6. Fixed Price
7. Hedge Against Inflation
8. Build Generational Wealth
9. No mortgage to assume immediately
10. Plan for retirement
The Main Differences Between Preconstruction and Re-sale
1. Purchase Timing
2. Pricing and Market Value
3. Customization and Upgrades
4. Risk and Certainty
5. Paperwork & 10-Day Cooling Period
These factors should be carefully considered by potential investors to align their investment strategy with their financial goals and risk tolerance.
Ciao ciao
Helping YOU Build Wealth Through #RealEstate #BrickByBrick
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