Finance

WHAT TO DO BEFORE INVESTING IN A PRE-CONSTRUCTION CONDO

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Right investment:

Investment issues are quite a serious matter especially when it comes to real estate aspects such as land, homes and other properties. Confusion always lurks in the mind of the buyer whether he or she is making the right choice or whether you have to re think the whole strategy and several such questions that arise in mind. A good consultant would always give the best advice to the clients and it would be to always do some research on the matter and the investment so that the right decision is reached at the end of the process. The pre construction condos are a better property choice to purchase than a completed condo according the most experienced investment consultants as it would be cheaper when compared to the finished condo.

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The guidelines:

  • There are a few important aspects that the person aspiring to purchase a condo has to consider before getting into the venture.
  • The condos when they are still being built is the right time to check them out and collect the information regarding all the concerning features of the condo.
  • To begin with you need to check the deposit that has to be made before the completion of the project; the buyer must consider that there might be delay the completion.
  • It is also important to note that the contract deposit has to be negotiated so that both the sides are under agreement.
  • In case if there is a chance for delays in the completion then the extended dates have to be discussed with the parties.
  • There might be a variation in the expenses and there by the price of the condo when it is completed and then the buyer has to be able o know the facts and check these variations and be aware of what is causing these variations.
  • The buyer must also be aware of the facts whether the buyer can be allowed to occupy the premises and must have a discussion with the seller and this is done even before the whole sum of the total amount of the condo is paid.

The location of the condo is a very important feature to look for so that the asking price is not too much of the pre construction condos.

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