What You Can Expect From Pre-Construction Condos In Mississauga?

Pre-Construction Condos are a great investment for many reasons. One reason is that you can get in on the ground floor of a new development, which can potentially lead to higher resale values down the road. 

Another reason is that you may be able to take advantage of special pricing that is only available during the pre-construction phase. This can lead to substantial savings on your purchase price. 

You may be wondering what you can expect from pre-construction condos in Mississauga.Navigate online for more information about pre-construction condos in Mississauga.

Here is a quick guide to give you an idea of the process and what you can expect:

The first thing you need to do is find a reputable builder. There are many to choose from, so do your research and read reviews. Once you've found a builder you're happy with, you'll need to put down a deposit. The deposit is usually around 10% of the purchase price and is held in trust until the condo is built.

Next, you'll work with the builder's sales team to choose your unit. You'll need to decide on things like the layout, finishes, and upgrades. 

And finally, when everything is completed, you'll get the keys to your brand new condo!

Here are some things you can expect when making this type of purchase:

In order to reserve your unit, you should prepare to pay a 20% deposit. Normally, this deposit must be paid at contract signing.

You can expect construction to take anywhere from 12 to 36 months. The length of time will depend on the size and scope of the project.

Once your apartment is completed, you can expect to pay maintenance costs every month. These fees aid in defraying the price of maintaining and repairing common areas as well as other building amenities.