Pre-Sale Condo Sales
Looking for Presale Condos in Vancouver, British Columbia Canada? Check out this Map of Pre-Sale Condo Sales!
What is a Pre-sale Condo?
Also known as new constructions, pre-constructions or new condos, a pre-sale condo is a condominium building (or any other kinds of residential buildings like townhouses) under construction in a real estate market that are sold before they are finished. The developments on sale are sold by either the developers or marketers hired to do so. Unsold homes in new buildings can also be referred to as pre-sale condos because investors or buyers purchase them when they are still brand new.
Why Invest in Pre-Sale Homes
There are several reasons why investors purchase pre-sale homes. Apart from the many benefits of buying a pre-sale home, there are also risks involved.
Possible Rise in the Value/Cost of Homes
Pre-sale residential homes are known to increase in value (appreciate) over the duration the building is developed and this can last up to three years. Buyers only pay deposits and complete their payments as well as other fees only when the construction of the building comes to an end. They get to resale the homes at a profit due to their appreciation values over the years.
Homes that are Brand New
Another factor that makes pre-sale homes very appealing is the fact that they are brand new and no one has ever lived in them.
Wider Choice of Homes
Nothing excites more than the wide selection of options when it comes to purchasing pre-sale homes. Investors get to choose the right kind of finishing they want within the home, views, floor plans, number of floors of the development, range of home sizes, customizations as well as spaces in the outdoors, among others. These options available for selection during pre-sale purchases are not as much as those available during resale of the same homes.
Access to the Latest Technologies and Trends
Pre-sales allow investors and buyers to access the latest technologies and trends in the real estate market. This results from the fact that new developments usually implement the latest trends in the construction industry, interior design and decoration as well as the methods used in constructing homes in the environment.
Enough Saving Time
Due to the fact that the fees for condos as well as mortgage and tax payments are made only after the construction of the development is completed, investors are allowed enough time to save for them. This makes pre-sales more appealing and affordable to the young as well as first time home buyers.
At least for ten years, pre-sale buyers should expect to spend less on the maintenance of the homes.
Pre-sale Condo Risks
Depreciation in the value of the home, delays in completion of the development, holding of deposits, likely alteration of terms put in place at the beginning and the demand for more money due to under-budgeting are some possible risks involved in pre-sale of homes. However, conducting a thorough research on the background of a developer offering home pre-sales, is a good way of ensuring that some of these risks are prevented.
Pre Sale Condos
Hawthorne by Pennyfarthing Vancouver Location Hawthorne is located in Vancouver’s very desirable West side and will be adjacent to the Queen Elizbeth Park on Cambie street. The location of this building is extremely central as it is only a few minutes from the Oakridge shopping centre, and is easily accessible to the Canada line. Register Now! The Project This contemporary building is the perfect mix of luxury, and convenience. With advanced architecture, and sleek interiors, the spacious floor plans of Hawthorne feature 1 to 3 bedroom residences that range from 680 sq ft to 1,433 sq ft. This exclusive seven storey building will assure unobstructed views from upper floors, and all ground level residences will entail of private patios whilst the three top floor residences will entail of private rooftop decks. The Hawthorne holds a shared amenity room which includes a patio and shared …
Triomphe by Millenium Brentwood Location The central location, and contemporary design of this tower is set to provide residents with the sense of residing at an upscale luxury hotel. Located in the very desirable Brentwood community, Triomphe has you at walking distance to Brentwood Mall, Gilmore SkyTrain station, grocery stores, parks, and more. Residents will be a short 15 minute drive to Downtown Vancouver. This tower is located at Gilmore and Halifax. The Project Triomphe is a luxurious 46 story tower, composed of 1,2, and 3 bedroom and townhome residences ranging from 482 -2,138 sq. ft. The tower provides all homes with built-in air conditioning systems and roomy, elongated balconies. Register Now! Interior The modern, and spacious interior provides a choice of colour schemes: Clair (light) and Foncé (dark). Suites feel open and oversized as a result of 9′ high ceilings which raise …
Marquee West Coquitlam Location The sleek and innovative tower of Marquee is located in West Coquitlam, bordering Burnaby. Only a short walking distance to a variety of shops, services and restaurants, Marquee is located in one of Metro Vancouver’s utmost prime locations. This neighbourhood is set to be notably welcoming to commuters thanks to the arrival of the Autumn 2016 Evergreen Line. Register Now! The Project Marquee is the last of 3 towers at Lougheed Heights; two of which are no longer available as towers 1 and 2 have sold out. Marquee will feature 242 units in a 29 story building. The floor plans for this tower are specifically designed to feel spacious and provide extensive space, making the most of every square foot. With 17,000 square feet of resort inspired amenity space, Marquee is built to woo and entertain. Featured amenities include: social lounge-fully …
Sunspring Estates Abbotsford Location Sunspring Estates is located in picturesque Abbotsford, British Columbia. Knows as the “City in the Country,” Abbotsford offers residents and visitors friendly hospitality and urban amenities. Sunspring Estates is located on Old Clayborn Road and is a residential community of 53 bare land, strata building lots. Abbotsford is one of Canada’s fastest growing communities and has abundant agriculture and farmland. The historical Clayburn Village and Historical Downtown has evolved from a sleepy town to a thriving neighborhood with quaint shops, world-class restaurants as well as cultural and entertainment spots. Register Now! The Project Sunspring Estates will consist of 53 bare land, strata building lots. Set on a beautiful, hillside setting, these homes are located near historic Old Clayburn Village in Abbotsford, BC. Meet The Team Developers/Builders Solterra has been involved in development of multi-residential and single family communities throughout the Lower Mainland for years. Their projects …
Simon West Coquitlam Location The modern residences of Simon are located a short walk to Burquitlam Park. Residents can also access Mountain View, Lyndhurst and Miller Parks and nearby Como Lake easily. Commuters are just steps from Transit to SFU and it’s a quick drive to downtown Vancouver. Simon is located near Lougheed Town Centre and the SkyTrain station. West Coquitlam offers all the big-city amenities and services needed for an urban lifestyle with world-class dining, shopping and entertainment. Simon residents can take advantage of the urban –style community features while living on a street lined street. Register Now! The Project Simon will feature 64 modern homes and floorplans have not been released. This project is accepting registrations. Developer/Builder Otivo Development Group has over 20 years of experience of creating new home construction in the Greater Vancouver area. They strive to create homes that their clients look forward to returning …