Buying a pre-construction home can be exciting. After all, it’s a chance to own something brand new that is tailored to your exact needs and desires.
But before you jump into this process, there are several factors that the real estate professionals at Zoocasa recommend you should consider in order to make sure it’s right for you. Here are some tips to help you when buying a pre-construction home:
1. Do Your Research
Before making any commitments, check if the builder and development company have any experience with projects of similar size and scope. Are there any customer complaints or reviews online? Even better, try touring one of the developer’s previous built homes if possible. As well, check whether there are any potential development projects in the works that could affect the value of your home in the future.
2. Know the Timeline
It’s important to understand that pre-construction homes can often take longer than expected to be completed. Make sure you have a realistic timeline for when construction is expected to begin and when your home will be ready to move-in. It’s not uncommon for projects to be delayed by one or two years, and though this can be frustrating, it is sometimes unavoidable.