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Should You Buy A Pre-Construction Condo? We'll Help You Decide -
A question that surfaces each time there is a new condo construction in Toronto, is whether buying one at the pre-construction stage is a good choice. We at Menkes Development Ltd
vouch for purchase of pre-construction condos as the best real estate option for independent investors. A recent report from CMHC (Canada Mortgage and Housing Corporation) revealed that Toronto residents are increasingly investing in pre-construction condos.
Should you buy a pre-construction Condo?
While the answer to the question solely remains with the investor, we are here to single out the numerous perks of opting for a condo. Condos are offered at a lower financial bar as against detached buildings, meaning that the down payment for a place like In.De Condos
will be 20 percent lesser if you plan on living in it.
Pre-construction condos are the safest way to get more value for a dollar. While looking for such properties, keep the location in mind. Finding a condo at the pre-construction phase in a vibrant location will take time. Location is important if the investor is looking at renting the property. Pre-construction investments break even and can potentially earn money with the initial 20% investment.
Now, should you make the decision and invest in a pre-construction condo? Yes, because there are more benefits as compared to draw backs. But, remember to choose the right condo
, with a trusted builder which is easily accessible.
In.DE condos, the latest development from Menkes is an artistic marvel, located walking distance from Dundas Square. More information on the project can be found here