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.
You can find the neighbourhoods of Durand and Beasley nearby which have Pre-Construction condo buildings. This neighbourhood is Bikeable with a bike score of 54. Excellent Transit is available in Corktown. Corktown is Very Walkable with a walk score of 89.
The great condo neighbourhood of Corktown in Hamilton has many awesome buildings to choose from with a total of 10 condo buildings. Corktown is a perfect fusion of modern and hip condos, there are 4 Mid-Rise, 2 Pre-Construction, 3 High-Rise and 2 Low-Rise. Many condos for sale in Corktown feature excellent amenities perfectly located in Hamilton. The average days on market for condos for sale in Corktown is 25 days. Corktown had 76 condos sold within it in 2020, an increase of 230% compared to the year before. Condos for sale in Corktown had an average sale price of $$311,388 last year, an increase of 12% from the prior year. This neighbourhood is Very Walkable with a walk score of 89. Excellent Transit is available in Corktown. This neighbourhood is Bikeable with a bike score of 54. Durand and Stinson are nearby neighbourhoods.
Planted in Hamilton is a great bakery in Corktown. There are some great cafes in Corktown such as Js Cafeteria, Salty Espresso, and Red Crow Coffee. Do you enjoy being in the kitchen? Pick up groceries at Hasty Market. Locals recommend eating at The Hamilton Club in Corktown - they have great food! There is a surprising amount of green space with Corktown Park, Shamrock Park (North), and St. Joseph's Park in Corktown. John Drug Mart is a conveniently located pharmacy in Corktown. Corktown Plaza is a shopping center in Corktown that has something for everyone. Park hospital is the closest hospital to Corktown. There are always new exhibits and events happening at Arctic Experience McNaught Gallery. The school in Corktown is Queen Victoria Elementary Public School. Corktown has a very accesible train station Hamilton Centre.