Invest Early To Make Your Dreams Come True

If you're looking for high quality vacation rentals or a permanent home in an exotic location

, then your best option would be pre-construction.

What is pre-construction? Well, it means a home or condo that is still in the planning stages, but hasn't yet been built. The home is bought by the buyer from the developer or builder-owner.

But how do you decide what to buy if it doesn't exist yet? That's easy! The builder will have detailed blueprints for you to look over, as well as, usually, a model of the building. This gives potential buyers a pretty good idea of what they are getting into. It's also possible than an already built structure that's similar to the one you want is available. As for the builders quality, you'll also be getting a pretty good idea. You may not be able to see the actual building, but as long as builder is reliable, then don't worry about buying pre-construction. Doing a little research to find out what they've done in the past is also a good idea. To asses their level of satisfaction, you can talk to an owner about something else they've built. Don't worry if that's not possible because a qualified agent will be familiar with local builders.

As for legal details, a qualified agent can help you sort them all out. Getting a written documentation that's been signed and states when the structure will be completed and what will be completed is important. You can also find out if there's a home warranty. It might be better if there's an "out" for you in case the finished product isn't what you understood it to be or if it's been greatly delayed.

Price is one of the great things about pre-construction. Pre-construction real estate price is lower that what it will be in the future because they haven't realized their full potential. As a buyer, you're aware that the property can go up in value. Besides, the home built is going to be brand new. You can't go wrong with pre-construction as long as research has been done into the location, type of home, and the builder and ensures it's not a declining market.

by: Melanie Ritchie.

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