Invest with Vision: The Smart Choice of Preconstruction Real Estate
Investing with a vision is about cultivating a vision for the future. This approach is not just about reacting to the present but proactively shaping the future for your real estate investment. Therefore, I am sharing my top five (5) reasons why buying preconstruction in the Turks and Caicos may be a good choice for you.
1. Savings. If you need more time to save, buying pre-construction gives you more time to pull that money together over time. PLUS you will be paying in installments, so it’s like a payment plan without interest.
2. You can save on stamp duty. Most pre-construction agreements allow you to pay for the land upfront, and then enter into a construction contract. By closing on the land first, your stamp duty is only payable on the land, instead of the overall cost of the home being purchased.
3. You have an opportunity to make changes. Although the developer is giving you a completed set of approved drawings, you have an opportunity to tweak the design before you break ground. For example, in a 4 bedroom home with a garage, you may decide that there is no need for a car garage and turn that into a 5th bedroom or caretakers studio. Problem solved.
4. Price appreciation: In many cases, buying at preconstruction is cheaper than a resale model. You are getting the on-sale price before the condo is built. So the market value of your condo is already increasing and working for you.
5. No construction headaches: You need not have the headache of looking for a good builder and supervising the project. The developer will provide you with staged reports every step of the way.
If you do decide to go with pre-construction, spend some time finding the project that is right for you.
2. You can save on stamp duty. Most pre-construction agreements allow you to pay for the land upfront, and then enter into a construction contract. By closing on the land first, your stamp duty is only payable on the land, instead of the overall cost of the home being purchased.
3. You have an opportunity to make changes. Although the developer is giving you a completed set of approved drawings, you have an opportunity to tweak the design before you break ground. For example, in a 4 bedroom home with a garage, you may decide that there is no need for a car garage and turn that into a 5th bedroom or caretakers studio. Problem solved.
4. Price appreciation: In many cases, buying at preconstruction is cheaper than a resale model. You are getting the on-sale price before the condo is built. So the market value of your condo is already increasing and working for you.
5. No construction headaches: You need not have the headache of looking for a good builder and supervising the project. The developer will provide you with staged reports every step of the way.
If you do decide to go with pre-construction, spend some time finding the project that is right for you.
A list of preconstruction developments in the Turks and Caicos Islands. Click Here
Send me an email v.delancy@kw.tc for a list of our preconstruction projects. Also please subscribe to my Youtube Channel with is Vernica Delancy and my Facebook page Real Estate with Vernica Delancy for more Real Estate tips.
Send me an email v.delancy@kw.tc for a list of our preconstruction projects. Also please subscribe to my Youtube Channel with is Vernica Delancy and my Facebook page Real Estate with Vernica Delancy for more Real Estate tips.
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