Many people rightfully wonder, what are the benefits, if they buy their new home presale. But, before developing this topic, let’s see what presale means.
Presale means you purchase your new property prior to be ready, or even before construction has began. Of course, this is a big minus, you cannot move into your new home for at least a year or two, sometimes even three years. That can be pretty hard for everyone. What can be more exciting than to immediately move into a new house that you desire.
However, there may be several important benefits when you buy presale if you have enough patience.
MORE OPTIONS Depending on just how soon in the construction process you intend to buy, you can have more option to choose from. Furthermore purchasing earlier generally enables you greater alternatives for customizations in your new house. Most of the presale new home communities will offer you for example, many options in terms of kitchen such as the type of countertop, flooring or cabinets to choose from. This is true for the entire home. There are many other improvements and customizations such as installing air conditioning, adding shelving or built-in closet organizers, changing the type of the appliances, etc. However, the list is longer and depends on builder. Working with the builder and the architect, you can choose even to combine two new homes if you want to. In conclusion, buying presale will allow to have more layout and design alternatives than resale where in fact, you have only two options “buy it or leave it”.
PLAN WELL AHEAD When you buy presale you get usually a rough closing date. This gives you enough time to plan ahead your budget and finances for your deposit increases, freeing up cash that otherwise may be tied up in a specific account not yet at term, down payment amounts, final closing costs, even your brand-new furnishing, but most importantly, this extra time you get, can be extremely helpful for you. You will have enough time to get a good price for your current home and also you have plenty of time preparing to move (schedule your moving, downsizing, upsizing, etc).
HOLD AN INTEREST RATE If rates are anticipated to rise, many presale communities are working with different banks so that not just buy your new home but you could even be pre-approved and get a rate of interest hold. This gives you satisfaction understanding that although you might be a year or two from moving in you will definitely have a solid manage on your home mortgage costs and rate of interest.
OWNING A NEW HOME Buying presale your home also means you are buying a brand new property to move in. Nobody else has actually lived in that house. This is you dream home, a modern, contemporary home, which is perfect as design and facilities. Nothing can match the atmosphere of a modern and bright new home where everything works perfectly. Additionally your peace of mind is perhaps the most important thing. You can be sure that do not have to invest anything in your new home for at least ten years from now.