Frequently Asked Questions

FAQ about Pre-Construction

  • Research the market and determine your budget.
  • Find a real estate agent who specializes in new home sales.
  • Visit sales centers and model homes to explore different options.
  • Choose a home or condo that meets your needs and preferences.
  • Sign a purchase agreement and provide a deposit.
  • Work with your lawyer and mortgage lender to complete the transaction.
  • Finalize your mortgage approval and secure financing.
  • Conduct a pre-delivery inspection to identify any deficiencies.
  • Pay the remaining balance on the purchase price.
  • Receive the keys to your new home or condo and move in.
  • Some builders offer customization options during the pre-construction phase.
  • After the closing, you may be able to make minor modifications, such as painting or installing new fixtures.
  • However, major structural changes may not be possible without the builder’s approval.
  • Monthly mortgage payments, including principal and interest.
  • Property taxes, which are based on the assessed value of your home or condo.
  • Condo fees, if applicable, which cover the maintenance of common areas and amenities.
  • Utilities, such as electricity, water, and gas.
  • Homeowners insurance, which protects your property and belongings.
  • Modern design and features, such as open-concept layouts and energy-efficient appliances.
  • Customization options, allowing you to personalize your living space.
  • Warranty protection, ensuring that any construction or design issues are addressed by the builder.
  • Access to amenities, such as gyms, pools, and community spaces.
  • Potential for appreciation in value over time.
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