|Price/sqft||$1,000-$1,400 per sqft|
|Studio Price/sqft||$400K – $500K|
|1-Bedroom Price||$600K – $750K|
|1-Bedroom + Den Price||$650K – $825K|
|2-Bedroom Price||$850K – $950K|
|3-Bedroom Price||$900K – $1.5 Million|
|1-Bedroom + Den Rent||$2,400-$2,850/month|
Why is it smart to invest in pre-construction condos?
When it comes to investing in property, there are many things which one has to keep in mind and the thing which tops the list is financial management, which can help one to cut carrying costs. Therefore, choosing pre-constructed new condos in an area like Mississauga, ON, is a smart choice because it allows you to rent out the section of the apartment which is already completed. Low carrying cost is not the only reason why one should choose to invest in pre-constructed condos. Below-mentioned are some of the greatest advantages of selecting pre-constructed condos-
You will get an extended deposit structure
Would you believe is if we tell you that if you buy a pre-constructed new condo in Mississauga, ON, you will have the liberty to extend your deposit paying cycle up-to 24 months? This also means that you will not be asked to straight away invest 20% of the down payment immediately and this surely means some more savings. Another best thing is that you will be able to own a pre-constructed condo whose records will not be reflected in your credit bureau. These days people think that it is better to invest in projects which are already constructed rather than investing money in projects which have not even started yet because it is always easier to pay when you know you have a pre-existing condo for which you are paying.
The buying process would be more civilized
By this, all we mean is that it is pretty easy to complete the buying process of a pre-constructed condo as compared to the upcoming condo construction projects. If you are planning to invest in new condos in areas like Mississauga, ON, you will find it very easy to deals with all the legal processes because every detail and documents required for the same would be already available for you.
Best living standards
These days nobody wants to compromise on the living standards and therefore is planning to invest more and more money to get the same. One thing which is the best in the case of buying pre-constructed condos is that all the necessary shops, hospitals, banks, schools, etc. are available near your area. However, if one will think of investing in any upcoming condo project, then you must note that the locality around those condos would not be as developed when compared to locality around pre-constructed condos.
New is always better
Last but not least, another advantage of buying a pre-constructed new condo in Mississauga is that going for a completely new property to which you will be the first user is always great as you will get everything brand new and perfect. If the condo you are planning to buy has been built a while ago, then you should be prepared to own a condo with outdated design, layout and construction.
If you are living in Canada and searching for pre-constructed new condos in Mississauga, then contact our expert team today to know about the best possible options available for you.