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What You Need To Know When Buying Pre-Construction Homes in Brampton
Are you considering pre-construction homes in Brampton? Maybe you even have a preconstruction Agreement of Purchase and Sale sitting right in front of you. We understand those legal documents can be full of jargon and an overwhelming experience.
It’s important to remember there are lots of different types to choose from like high-rise condos, low-rise condos, townhouses, semi-detached homes, and detached homes.
To start, here are a few tips on what you need to know about the legal paperwork involved.
The Legal Document and Pre-Construction Homes in Brampton
One of these documents is usually written by the developers’ lawyers. That’s why it’s a good idea for you as a prospective buyer to practice due diligence. Long story short. You’ll need a lawyer that specializes in pre-construction condos in Brampton.
That doesn’t mean you shouldn’t be aware of several important aspects. For example, it’s important to find it if you have permission to rent the unit out during your occupancy. Find out if there’s a cap on the different utility hookups.
Make sure you have a general idea about the first-year maintenance fees. Those are just a few of the things a lawyer can go over with you.
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The legal side shouldn’t discourage you. There are many benefits to preconstruction homes. Some of them include:
- you can customize the place before it’s built. There are usually plenty of different upgrades available for flooring and kitchen counters. It’s even possible to adjust floor plan options in certain situations.
- Buying preconstruction property means you have more choices than sorting through resale condos. For example, you can opt for a corner unit if you’re looking for a place with a better view.
- There’s a set price with preconstruction so you’ll be able to avoid bidding wars. Bidding wars are notorious for spiking up prices. Buyers often pay inflated amounts when they’re looking at attractive neighborhoods and homes.
The FernG Team is there when you’re looking for information on condos and other types of properties. With our years of expertise, we specialize in pre-construction homes in Brampton. Our team is happy to provide you with all the information you need. Take a look at our list of satisfied clients.
Those referrals are all from clients who found that our services met and exceeded their expectations. Why not contact us today and add your name to that list?