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.
Downtown Hamilton and North End East are nearby neighbourhoods with Pre-Construction condo buildings. Central Hamilton is Very Walkable with a walk score of 82. This neighbourhood is a Biker's Paradise with a bike score of 92. Good Transit is available in Central Hamilton.
Living in Central Hamilton gives you access to everything Hamilton has to offer. With a total of 11 condo buildings, everything your heart desires is available. There is a perfect fusion of modern high-rise condos and hip lofts, there are 3 Mid-Rise, 4 Pre-Construction, 4 High-Rise, 4 Low-Rise, and 2 Loft in Central Hamilton. With so many buildings to choose from in Hamilton, there are unsurprisingly many condos for sale in Central Hamilton. Condos for sale in Central Hamilton spend an average of 28 days on market. Central Hamilton had 127 condos sold within it in 2020, an increase of 370% compared to the year before. Last year condos for sale in Central Hamilton had an average sale price of $$515,158, an increase of 20% from the year before. Central Hamilton is Very Walkable with a walk score of 82. This neighbourhood is a Biker's Paradise with a bike score of 92. Good Transit is available in Central Hamilton. The neighbourhoods Downtown Hamilton and Strathcona are nearby.
Central Hamilton has many popular bakeries including Coffee and doughnuts, Lina's European Pastries, and Mulberry Street Coffeehouse. If you are looking for coffee Ark + Anchor Espresso Bar is in Central Hamilton. Groceries are close-at-hand with supermarkets Hung Cheung Trading Co and Taj Mahal Supermarket in Central Hamilton. Locals recommend eating at Latin Food & Products and Swiss Chalet in Central Hamilton - they have great food! There is a surprising amount of green space with Central Park, York Boulevard Parkette #1, and Gary Hill Memorial Park in Central Hamilton. You can find pharmacies I.D.A. - City Centre Pharmacy and Hamilton Downtown Pharmacy within walking distance. Hamilton City Centre is a shopping center in Central Hamilton that has something for everyone. There are always new exhibits and events happening at La Galleria Canada and DeMontigny Boutique | Gallery. If you're a health and fitness fanatic, hopefully you are living in a condo building with a great gym. If not Crunch Fitness - Hamilton Downtown is a super popular fitness center with locals. Local schools of Central Hamilton include Hess Street Junior Public School and Sir John A Macdonald. There are many students in this neighbourhood as College Boreal - Hamilton is located within it. Central Hamilton has a very accesible train station West Harbour GO.