The Ultimate Guide for Buying a Pre-Construction Townhouse
If you are looking to purchase a townhome, you might want to consider purchasing a pre-construction townhouse. Purchasing a townhouse in the pre-construction phase has many benefits, such as being able to pay a minimal down payment, while the value of the home appreciates over time. That means that you will be able to financially gain from paying a lower price now and look forward to benefiting from your home’s future value. For those who are not in an ideal financial situation but are looking to plan, buying a pre-construction townhouse allows you to give yourself time to improve your finances before financing your home.
In today’s housing market, many new homes are being built in underdeveloped areas, which allows you to avoid high costs and bidding wars that are common to urban areas. Another advantage of buying your townhome in the pre-construction phase is the possibility to customize the home based on your preference, which has the potential to increase the value of your home. What does this mean to you? It means that your house will be built based on your specifications. Things like your chosen colour palette desired finishes, and appliances will be in your home when it is completed, making it completely move-in ready for you.
You see why it is a great option for you but how do you go about it?
Steps for Purchasing a Pre-Construction Townhouse
Step 1: Find a Broker
Finding a broker should be the first step to your pre-construction townhome purchase. Having a broker who is experienced in working with pre-construction homes will be able to guide through the process, and answer any questions you may have. Their ultimate goal to help you get the best deal and act in your best interest.
Step 2: Do your research on the Builder/Developer
If you’ve found a project pre-construction that you are interested in, the next step is to investigate the builder’s reputation including their completion rate. You can do this in a number of ways such as viewing their other developments, talking with homeowners, and searching the internet for testimonials and reviews.
Step 3: Visit the Model Townhouse
When you visit the model townhouse you will probably see a top of the line model. The model is meant to be beautiful to show you what you can do with your townhome, and impress buyers into buying a new home. It is important to note that the model townhome is a model, and some of the features might be upgrades. When touring a model home, you should ask about which features and amenities are included in the standard home and which are upgrades.
If you are in the market for a new townhome, The 222 in Maple Ridge has just what you are looking for. With JR 3 bedroom as low as $479k Phase 2 has begun selling, and you won’t want to miss it.