If you don’t need to move right away, there are many benefits to buying a pre-sale (home not yet built) in Squamish.
Lock in Today’s Cost | Since the market is often fluctuating and in Squamish specifically appreciating, purchasing a pre-sale generally means that you are locking in at the current market value and potentially avoiding future price increases.
Investment Appreciation | In a growing real estate market like Squamish, the value of properties tend to appreciate over time. If the market is continuously seeing growth, you may even see an appreciation of a pre-sale property before it is even completed.
Pick your unit | If a development project has just been launched, there is a higher chance that you will be able to pick the location of your new home, maybe you want an exterior unit that has access to the main road or an interior courtyard unit. Something to also think about is the view, how much sun you want or how private your unit would ideally be.
Custom Home | If you buy a pre-sale early enough in the construction of your new home, you might also have the opportunity to customize certain interior finishes, the layout and sometimes minor design changes. A previous client of mine even had the cabinet making company upgrade and customize all of her closets during the process!
There are some risks involved like changes to interest rates and potential delays in construction, however if you don’t need to move right away there are so many benefits and buying a pre-sale might be the step that you need to get into the real estate market.
Before pre-buying real estate, make sure to research the developer and consider seeking advice from your local realtor and a mortgage professional in order to make an informed decision. Some mortgage brokers may even be able to secure you a longer-term rate hold specifically for pre-sale purchases.
Click here to see the current pre-sales in Squamish. The river views for the soon to come MTN Village pre-sale will be amazing! While your at it checkout the Finch Drive pre-sale the sunsets here can’t be missed!