Pre-construction investing can come with a lot of benefits if your realtor knows the market well. First, you get to save money by locking in your price. Housing prices are going up, and they’re not showing any signs of slowing down. When you buy a pre-construction condo, you buy it based on today’s prices, not next year’s. This way, you can recoup your investment quickly.
Second, once the construction is finished, you’ll have a brand new unit on your hands. This novelty means that you can make more money when you rent the property.
Finally, when you buy pre-construction properties, you often get a lot of say in the design and construction. You’ll get to put more of your own vision into your property.