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Buying a New Home: Pre-Construction and New Construction PDF Print E-mail
Written by Lauren Kline   

If you buy into the project when the homes are being built there are still many opportunities to have your say about the final result. If you buy a home that isn't finished you can choose upgrades and colours for the finishing. When the construction is underway is a good time to look at the quality of building going on in the neighbourhood as well; ask if you can have a tour through a partially built home to see what the inside of your walls are going to look like.

Buying into a project when it's complete will still give you the benefit of moving into a brand new home but you will not be able to make any decisions about finishing that you might have had otherwise. Many of the homes that are built without being pre-bought will have just the default basic flooring and appliances which can make them a little cheaper to purchase. You may want to take the money you saved in this way and invest it into better flooring or a nicer fridge. If there are only a few units or homes left when you're looking at buying into a development you might be able to talk them into taking less than asking price because the company will be looking at moving on to their next project.

All in all, there are many reasons to buy any particular kind of property, but if you're looking for a clean, new living space that you get to help pick out the finishing details, then pre-construction and new developments might just be what you're looking for. Make sure that you deal with a reputable builder and do your homework before you make your decision.  Lauren Kline
 

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