thE QUEENSWAY nEW dEVELOPMENT
Design | Location | Layout
We have broken it down to the four most crucial aspects that make a project a success :
1- Location, location, location: projects in scarcely available locations are always a safe investment.
2- Buying during VIP/PLATINUM launches: purchasing a property at its lowest ever price.
3- Proximity to Transit: For city purchases a subway stop at your door step is the gold standard, the further away you are, generally the less desirable your unit becomes on the rental market.
4- Trending projects, or neighbourhoods: this one is a no brainer, the more demand a project or neighbourhood has, the easier it will be for you to sell or lease your property once you are ready to move out.
Doing the general background work on these projects is a great idea, but determining what option (or if purchasing pre-construction is viable for you) is best done with a one-on-one consultation.
There are 3 reasons buying new development real estate makes sense.
1. You move into a new, never been lived in home.
2. You have the greatest selection of floor plans floor height and over factors to choose from.
3. Warranty! 1-2-7 year protection is the legal requirement for all new development homes in sold Ontario.
Why Invest in new development:
First you must identify whether you plan on flipping (selling the unit as an assignment or within the first 2 years of ownership), or if you plan on using the unit as a rental. This is like buying a stock, choosing the right project for your investment style is crucial. Once you have identified your style for investment, you need to consider whether you would like to invest within you neighbourhood, or stretch outside your familiar area, where the potential for appreciation may be great.
Contact us so we can explain:
-Basics of real estate investment