Check their portfolio of completed projects. Have they delivered on time in the past?
Buying a pre-construction home is an exciting way to secure a brand-new property, often with the ability to customize finishes and benefit from potential appreciation before the building is even finished. However, the process differs significantly from buying a "resale" home. 1. Research the Developer how to buy pre construction homes
Before looking at floor plans, look at the builder. Your investment is only as good as the company behind it. Check their portfolio of completed projects
The building is registered, ownership is transferred to you, and your mortgage officially begins. 7. The Final Inspection (PDI) However, the process differs significantly from buying a
Work with a real estate agent who specializes in pre-construction. They can get you into the sales center early, often securing thousands of dollars in "builder incentives" like capped development charges or free upgrades. 3. Review the Deposit Structure
A lawyer will look for hidden costs like development levies, which can add tens of thousands of dollars to your closing costs if they aren't "capped" in the contract.