When it comes to buying pre-construction, everyone emphasizes location, location, location — and while that’s important, it’s far from the only thing you need to know.
There are critical details that could either make your investment a win or turn it into a costly mistake.
Here’s what you need to keep top of mind:
1. Be Strategic with Floor Plans
Choosing the right floor plan is not just about personal preference — it’s a strategic move.
You need to think about layout efficiency, future resale value, and functionality.
And remember: you don’t have to figure it out alone. That’s exactly why you want a trusted agent (like me!) by your side — and it won’t cost you a dime.
2. Hire a Reputable Real Estate Lawyer
Before you sign anything, get a seasoned real estate lawyer to review your contract.
Pre-construction contracts are long, detailed, and packed with builder-friendly clauses.
Having a legal expert on your side is vital to protect your investment.
3. Cap Your Costs Wherever Possible
In your Agreement of Purchase and Sale, negotiate to cap as many additional costs as you can — things like development charges, levies, and utility connection fees.
Uncapped fees can lead to nasty surprises when it’s time to take possession.
4. Understand the Assignment Clause
It’s smart to have an assignment clause in your agreement, allowing you to sell the contract before final closing if needed.
But — and this is important — always be financially prepared to close just in case the assignment doesn’t go through. Hope for the best, but plan for all outcomes.
5. Secure the Right to Lease During Occupancy (Condos)
If you’re buying a condo, make sure your agreement includes the right to lease during occupancy.
This allows you to rent out the unit before final closing, giving you cash flow opportunities right away.
6. First-Time Investors: Don’t Overextend
If you’re new to real estate investing, be cautious with your purchase price.
It’s easy to get excited, but smart investing starts with smart numbers.
Let’s sit down, crunch the numbers, and make sure the deal truly makes sense for your goals.
7. Remember Who the Builder’s Sales Team Works For
The friendly faces at the builder’s sales center are there to represent the builder, not you.
Their job is to sell — by any means necessary.
That’s why you need an experienced, independent Realtor (like me, Benson!) to protect your interests — and again, it costs you nothing.
8. Book a Free Strategy Call
There’s even more to know beyond what’s listed here.
Avoid costly mistakes — sign up for a free strategy call with me today and let’s set you up for success!
Final Word:
Buying pre-construction can be an incredible opportunity — if you do it right.
Knowledge, preparation, and the right team by your side make all the difference.
📩 Ready to talk strategy? Let’s make your next move your best one yet.
