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Buying a pre-construction home in Pickering?
Here are a few things to consider when buying a pre-construction home:
Research the developer: Make sure you research the developer and their track record of delivering high quality properties on time and on budget. Look for reviews and talk to people who have purchased properties from them in the past.
Understand the terms of the purchase agreement: Carefully review the terms of the purchase agreement, including the deposit structure, closing date, and any warranties or guarantees being offered by the developer. Consider hiring a real estate lawyer to review the agreement.
Consider the location: Think about the location of the development and whether it is a desirable area to live in. Consider factors such as proximity to amenities, public transportation, and schools.
Check the price: Make sure the price of the unit is reasonable compared to similar properties in the area.
Understand the completion date: Make sure you understand the estimated completion date and whether it is realistic given the stage of construction.
Consider the amenities: Think about the amenities being offered and whether they are worth the price of the unit.
Check the size and layout of the unit: Make sure the unit meets your needs in terms of size and layout.
Visit the site: If possible, visit the site of the development to get a sense of the quality of the construction.
Consider future development in the area: Think about any potential future development in the area and how it may affect the value of your property.
Seek professional advice: Consider seeking the advice of a real estate lawyer or financial advisor to help you make an informed decision.