Pre-construction is the opportunity to join a fellow group of investors in an effort to finance the development of real estate.
The buyer benefits in several ways. First, the lack of mortgage payments while the building is under construction will constitute a profit. The developer offers incentives because sky and paper are harder to sell than concrete and steel. Second, the appreciation that takes place while the building is under construction constitutes profit ( a condominium assembled is worth more than condominium not yet assembled). The property appreciation that takes place while under construction is also significant during an average economy. Finally, the tax benefits and lack of out of pocket expense due to the financing methods available make this the best investment real estate has to offer.
Shawn Gandhi RE/MAX Real Estate Centre INC., Brokerage
Shawn Gandhi Real Estate
100 City Centre Dr. 1-702
Square One Shopping Centre