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.
Magrath Heights and Ermineskin are nearby neighbourhoods with Pre-Construction condo buildings. This neighbourhood is Car-Dependent with a walk score of 8. Some Transit is available in Southwest Edmonton. This neighbourhood is Somewhat Bikeable with a bike score of 35.
Living in Southwest Edmonton gives you access to everything Edmonton has to offer. With a total of 142 condo buildings, everything your heart desires is available. Condo development in this neighbourhood has been thriving with 120 Low-Rise, 11 Pre-Construction, 19 Mid-Rise, 1 Luxury, and 4 High-Rise. Southwest Edmonton is home to some of Edmonton's coolest condos for sale! The average days on market for condos for sale in Southwest Edmonton is 74 days. There were 634 condos sold in Southwest Edmonton in 2020. Southwest Edmonton saw an increase in the number of condos sold by 74% compared to the year before. Last year condos for sale in Southwest Edmonton had an average sale price of $$221,441, an decrease of -3% from the year before. This neighbourhood is Somewhat Bikeable with a bike score of 35. Some Transit is available in Southwest Edmonton. Southwest Edmonton is Car-Dependent with a walk score of 8. Hodgson and Sweet Grass are nearby neighbourhoods.
Locals of Southwest Edmonton love dining at The Stone & Wheel Pizzeria. There is a surprising amount of green space with Hodgson Park, Kainai Park, and H. W. Heathcote Park in Southwest Edmonton. Westbrook Shopping Centre is a shopping center in Southwest Edmonton that has something for everyone. Animal enthusiasts, good news Westbrook Veterinary Clinic is in Southwest Edmonton. Mount Pleasant is a nearby schools for children living in Southwest Edmonton.