Want To Make Your Dreams Come True? Then Try To Invest Early

When looking for high quality vacation rentals

, or a permanent home in an exotic location, pre-construction is often the way to go.

How do you define pre-construction? It's when a home or condo is in the planning stages but hasn't been built yet. From the builder-owner or developer, the buyer purchases the home.

But if it doesn't exist yet, then how do you decide what to buy? Yes, and it's simple too. Usually a model of the building or a detailed blueprints for you to look over will be provided by the builder. With this, potential buyers are given some idea of what they're getting themselves into. Already built structures similar to the one you're considering may even be available. This will give you an idea of the builders quality. If the builder is reliable, then buying pre-construction is fine even if you can't see the actual building. Do a bit of research to find out what they have done in the past. You can also talk to the owner about something else they've built if you want their level of satisfaction assessed. If that isn't possible, a qualified agent will usually be quite familiar with local builders.

A qualified agent can also help you sort out the legal details. For one, be sure to get written and signed documentation stating when the structure will be completed, and what exactly will be included. Find out if there is a home warranty, and what exactly it includes. If the construction is greatly delayed or if the finished product isn't what you thought it would be, be sure that you can get out of it.

One of the great things about pre-construction is the price. Because they haven't yet realized their full potential, pre-construction real estate is often priced quite a bit lower than what it will be in the future. As a buyer, you know that the value of the property can go up. The home built will be brand new after all. As long as plenty of research has been done into the location, the builder, and the type of home, ensuring that it is an emerging market and not a declining one, you can't go wrong with pre-construction.

by: Melanie Ritchie

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