5 Questions to Ask Before Investing in Pre-Construction in Hamilton, Ontario

February 21, 2023

Investing pre-construction in Hamilton can be a great way to maximize returns, but it also comes with its own set of risks. Before you invest in pre-construction in Hamilton, there are some key questions that you should ask yourself and your agent.

1. What kinds of research have been done on the project? It’s important to understand what kind of development is being proposed and who will benefit from it. Make sure to get as much information as possible about the project so you can make an informed decision.

2. What type of pre-sale option is available? Pre-sale options vary greatly depending on the specific project and developer involved. Knowing what pre-sale options are available can help you decide which investment is right for you.

3. What’s the timeline for the pre-construction process? Understanding how long pre-construction will take and what milestones are necessary to complete construction can help you plan your finances and investments accordingly.

4. Does the pre-construction deal include any incentives or tax breaks? Incentives, such as reduced property taxes or other promotions, can make pre-construction deals more attractive and profitable. Be sure to find out if any of these incentives are included in the pre-sale agreement before you invest.

5. How much will completion of pre-construction cost? Pre-construction costs can vary depending on the project, so it’s important to get an estimate from the developer before you commit.

Investing pre-construction in Hamilton can be a great way to maximize returns, but it is important to do your due diligence first. By asking yourself and your agent these key questions, you can make sure that you are investing in pre-construction wisely and responsibly.

Good luck! If you have any further questions about pre-construction investments in Hamilton, contact us for more information. We would be happy to help! Just send us an e-mail to preconstruction@angelamarkusic.com or call us directly at (416) 606-0614 .

Need help? That’s what I’m here for — real estate for real.

RE/MAX Aboutowne Realty Corp. Brokerage. 309-A Lakeshore Road East Oakville, Ontario L6J 1J3

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Call us: (416) 606-0614