Pre-Construction Properties
Secure Your Dream Home Before It’s Built
1. Extended Deposit Structure
When purchasing a pre-constructed property, the initial deposits (between 15%-20%) are typically spread out. This can extend over an 18-24 month period. This basically allows you to have more time to save money. And not worry about putting a 20% deposit upfront.
Now during the 3-5 year time, it takes for the property to be built, other than paying the deposit structure, there is no mortgage payments until closing. The mortgage only starts on closing, this means you own the pre-constructed property, but it will not show up on your credit bureau. Many first-time home buyers and investors see it as a forced saving/investment strategy.
2. Gentrifying
Historically, long-term prices of residential homes have always gone up. For this reason, you can improve your odds of appreciation by acquiring properties in highly gentrifying neighborhoods.
This is where major infrastructure or transit is scheduled to be built. Given that the property you are purchasing will not be available for 3-5 years, it makes sense to acquire a new home in an area that’s on the rise. These neighborhoods will have a lower purchase entry point and a higher potential to outperform the overall market.
3. Newer is better
The typical life span of a condo can slowly start going down because of the overall age of the building. If you purchase a condo that is a couple of years old, then sell it 3-5 years later.
The condo might have a harder time competing in the market because the building became dated and the maintenance fees start to rise. Whereas if you purchase a pre-constructed condo, in four years, you’ll have a brand new property. And, it’ll be in demand while hopefully having appreciated with or above the market during the construction period.
Truly Went Above and Beyond
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"Derek helped us with the purchase and sale of several of our investment properties. We are impressed with his excellent service as he truly cared for our needs. He’s truly passionate about real estate and he went above and beyond for us!"
- Freeman G.
Very Professional Yet Made Me Feel Like I Was a Friend
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"Maryam Assadi understood my needs and gave me good advice as to what place would be appropriate for purchase or when the price was unreasonable. She was always attentive and quick to respond to my needs. She was very professional yet made me feel like I was a friend. She wasn’t pushy, but didn’t hesitate to state her opinion (which was often wise because of her experience). All in all she was a great Real Estate agent and I wouldn’t hesitate to recommend her."
- Donna Armstrong
Exceptional Service
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"Maryam helped us to sell our house recently and find a suitable condo to move into when we decided to downsize. I was amazed at how much patience she had with us and our very specific needs."
- Linda & Barry
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About
With over 20 years of experience, Maryam combines her background in marketing, interior design, and real estate expertise to deliver exceptional results. A RE/MAX Hall of Fame honoree and licensed broker, she’s known for her professionalism, integrity, and commitment to client success.
Brokerage
Royal LePage
Your Community Realty
8854 Yonge St.
Richmond Hill, ON L4C 0T4
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