A very special portion of the real estate market exists in the area of development, or Pre-Construction, condos. These are units that are purchased based on the projected plans for a building that is not yet built. A buyer may visit a temporary showroom, located near to the proposed location of the building to see models and floor plans of the various units the seller hopes to construct, or simply receive a package with this information electronically. Purchasing at this stage allows the buyer to have greater control in the outcome of their unit. They can make a different type of investment and purchase at a lower price per square foot than what is typically available post-construction. If you want to be able to choose your floors, finishes and appliances, at less than the cost to purchase someone else's choices from the past, Pre-Construction condos for sale might appeal to you. It's not often that you have so many design choices when looking to purchase a home. There will be a number of layouts, options for total square footage, number of bedrooms and location within the building to choose from. Usually, this type of customization will require a second investment in renovations, as well as the purchase price of your home.
When taking the leap on a Pre-Construction condo for sale, you'll be given a list of options that you'll be able to customize. Everything in the home will be brand new and they will likely be under warranty. Keep in mind that the developer is speculating on what they believe the final outcomes will be for the unit and building, they require some flexibility, not everything can be fixed into even the best agreements. This can make a good case for looking at the past projects of the developer. How close to their projected dates did they come? Do they have a history of big surprise closing costs or a history of great relationships with their buyers? How have their projects held up over time as places people want to live and as investments. This type of home purchase, more than others, requires a long term deal with your developer. You'll want a long term relationship that is mutually beneficial. Purchasing a unit in a building prior to the work beginning can have some tremendous benefits. It also requires deeper knowledge to arrange this type of purchase. A Real Estate Professional who specializes in development or Pre-Construction condos for sale may be helpful for protecting your investment. The money spent on a qualified agent may be easily recuperated with the thorough shaping of your agreement. You'll want to understand how the Pre-Construction payments are going to be structured and where you'll be spending versus saving. In an already finished home, it's easy to see how your money is being spent. With a Pre-Construction condo, being well informed will be a must.
Woodcroft and Inglewood are nearby neighbourhoods with Pre-Construction condo buildings. Northwest Edmonton is Car-Dependent with a walk score of 1. This neighbourhood is Somewhat Bikeable with a bike score of 34. Some Transit is available in Northwest Edmonton.
Welcome to Northwest Edmonton, a neighbourhood in the city of Edmonton with 47 condo buildings.These include 43 Low-Rise, 3 Pre-Construction, 4 Mid-Rise, 1 Loft, and 1 Luxury. The condos for sale in Northwest Edmonton include great amenities. Condos for sale in Northwest Edmonton are on the market for an average of 70 days. Northwest Edmonton had 183 condos sold within it in 2020, an increase of 46% compared to the year before. Condos for sale in Northwest Edmonton had an average sale price of $$230,680 last year, an decrease of -2% from the prior year. This neighbourhood is Car-Dependent with a walk score of 1. Some Transit is available in Northwest Edmonton. This neighbourhood is Somewhat Bikeable with a bike score of 34. You can find the neighbourhoods of Wellington and Grandin nearby.
Locals recommend eating at Central Diner in Northwest Edmonton - they have great food! Animal enthusiasts, good news Bingo's Pet Shop is in Northwest Edmonton. Aurora and Edmonton Islamic are nearby schools for children living in Northwest Edmonton.