You’re shown a set of plans, you love them, you can’t wait to write a check, and you’re so stoked that you will be the owner of a spacious, new pre-construction condo in a great location that you’ve somehow overlooked potential setbacks.
Such as the completion date being delayed, sometimes even multiple times. This can be a doozy on your wallet and your psyche. There have been some reported cases of new condo development completion dates being delayed as much as 2 years. And in some scenarios, you’re paying fees on your pre-construction condo before you’ve even moved in, and those fees may not even apply to your mortgage.
My goal at as your go-to for condo hunting is to help you find the best pre-construction unit for you and your needs without the hassle of playing the guessing game with your move-in date. Sure, there can be setbacks to buying pre-constructed condos, but the list of pros is far greater than the list of cons. Pre-constructed condo investments can be a great opportunity to get exactly what you want out of your buying experience, meaning you won’t have to go on a wild goose chase searching for the perfect existing unit.