Wondering what pre-construction is? Or thinking of purchasing a pre-constructed house? Well, this guide is nowhere to help. Have a look down below to learn all about pre-constructed homes.
What Is Pre Construction?
When it comes to a building project, the main thing that matters a lot is the construction team. You can’t expect the project to go well if your team isn’t good. This includes the design team as well as the construction partner.
In the planning phase of getting the project, the client is in charge of working closely with the design team and construction partner in order to make the drawings, discuss the budget and other factors that revolve around a construction project.
The team is also in charge of analyzing the strategies to accomplish the project and identifying problems to developing solutions. All of these factors come under the pre construction phase.
Things You Need To Know About Pre Constructed Houses
Purchasing pre-constructed houses is always fun! You get your hands on a brand new home like new condos in Vaughan that you can customize according to your convenience. However, when it comes to buying a pre-constructed home, there are some factors you must remember. These include:
• You Will Have To Pay a Huge Down Payment
When purchasing a resale home, you’re not supposed to pay a huge down payment. It can vary between 3-4%. However, that is certainly not the case with pre-constructed houses. You are supposed to pay 20% or more.
• Delays Are Quite Common
Sure, you must’ve finalized a specific date with your contractor. However, delays are pretty common. They can happen for various reasons, such as season changes, team issues, or anything else. This situation can be quite frustrating for the buyers since they already have a date in mind to move in.
Moreover, there are many constructors out there who have a habit of making delays. Make sure to do your research before choosing a builder. Pick the one that is known best and delivers your house within or near the deadline you want.
• There Might Be A Few Hidden Costs
Apart from the price mentioned on the contract, there might be hidden costs involved. These could be anything such as development charges.
Make sure you talk this out with the contractor beforehand. Tell him what you’ll be comfortable paying. It’s better to discuss this before rather than arguing with the contractor in the middle of the project.
• Don’t Forget To Inspect Your House
One cannot emphasize this much. You must inspect your home carefully once built as well as in the middle of the project.
Check whether everything is done accordingly to your instructions and the stuff mentioned in the contract. Remember, you’re paying for this, so make sure everything’s fine.
Wrapping It Up!
Here is all you need to know about pre-constructed homes. Make sure to keep the points mentioned above when purchasing one. This will make the entire process a lot easier for you.