Pre-selling is when the developer offers the property to sell before it is officially ready to be launched in the market – either Condo, townhouses, houses, or lots. These properties are usually in the early stages of construction or just in papers. This type of property is gaining popularity due to its below-the-market value. Homebuyers will be looking at the actual site or the blueprints of the property. Most of the property is in the construction phase already. If you are looking for Pre-selling Condo, a Townhouse for sale, Apartment for sale, refer to Housal.
Pre-selling condos are highly in demand because of the following reasons:
- Pre-selling condos are at their introductory stage; thus, they offer substantial discount rates. You may find a lot of price difference as compared to the finished one. Some good deals can give you a 30-50 percent discount on the market price. On top of that, some developers are ready to give more discounts or more flexible payment options.
- You have the opportunity to decide so many aspects as per your taste. As most of the properties are still under construction, you can choose what part of the location you want your house to be. Your preferences can be about the direction of the house, floors, windows, entrance, etc. Being involved in the construction lets the buyer inspect and ask for adjustments in advance. Try to keep yourself actively updated as to its process; plans get modified.
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- Once the property’s construction is over, you have the option to rent it out. You can look at it as an investment opportunity. Getting a property at less than market price and then ultimately renting it out. It can prove to be a good and stable source of income. You have the chance to make changes in the place as per the satisfaction of the tenants.
- The value of a pre-selling condo increases once the construction phase is over. With the development in your location, the value of your property will rise. You always have an alternative of selling it at a higher rate.
It is important to find a place that fits your goals and lifestyle well within your budget. A building in the right place and has the potential for market growth will be a good investment. All in all, what you buy must be fair for the price and satisfied with your purchase decision.
If you are looking for a pre-selling condo in the Philippines for investment purposes, you are at the right place. Want to know more, sign-up at Housal.