With the vast amount of different pre-construction investment opportunities available in Toronto, we always recommend people speak with a reputable and knowledgeable real estate sales professional before making one of the biggest financial decisions of your life.
We realize the importance of having the right information in order to make the right choice when it comes to finding your ideal home or perfect investment property, and having the right investment advice by a trusted and qualified Real estate sales professional is key. to know where to put your money to get the best returns. Luckily, with a real estate investment specialist at your side, whether you are a first-time buyer or a seasoned investor, you’ll have access to the information you need to get going.
1. Choose Your Neighborhood
Look for a pre-construction condo in a desirable neighborhood, one that is gaining in popularity but not yet saturated with condos. To identify the right area, look at proximity to parks, community centers, public transport, restaurants, and local businesses. You will also want to look at neighborhood trends to predict future profitability.
2. Choose Your Building
Finding the right pre-construction development is key. It should be headed by a developer with a well-established reputation as this is a critical factor in evaluating the likely success of a project. Also, check the average price per square foot and compare it to the current market value.
3. Decide When to Sell
In some cases, it makes sense to sell on assignment, and other times you may choose to close and sell or hold and rent. This will require a thorough analysis of the market, looking at each of the three scenarios and your specific situation.
4. Work with an Established Real Estate Wealth Specialist
Making good real estate investment decisions to grow your wealth is straightforward when you work with an experienced specialist. Nikki Hessami has been helping clients for over three years, partnering with them to build wealth through strategic investments in the Toronto property market. She has the inside track on the latest developments, and knows the industry inside and out.
With her solid financial background and strong reputation, Nikki will give you projections and forecasts on your investment returns. She will also help you narrow down the right neighborhood, and evaluate the best developments on the market.
And, when you’re making decisions on whether to sell, when to sell, or if you should hold and rent, she’ll do a thorough analysis of all the factors.
If you want to make money with pre-construction investing in Toronto, you need to make good decisions at each step of the journey. Don’t rush into a purchase that you may come to regret, rather work with a partner who has your best interests at heart and will guide you to make make strategic wealth-creating decisions.