Category: Pre-construction

How to Make Money in Pre-Construction Investing

As the fastest growing city in Canada and the US, pre-construction investing is a great way to make money! It allows investors to take advantage of low prices and high potential returns before condo construction starts as the demand for housing pushes up prices.

When you have a real estate wealth strategist at your side, you can enjoy access to the best pre-construction condo developments before they are ready for the general public.
If you want to learn more about how to invest in pre-construction condos, keep reading!

1. What is pre-construction investing?

It’s essential to understand what pre-construction investing is before you get started. This means that investors can make money by buying condos at lower prices before the project begins. Then, they can either enjoy healthy returns from the property as a rental or sell them for more than the purchase price when the developers complete the project. Most pre-construction projects offer a deferred deposit schedule which means that you can make smaller installments during the course of the construction instead of a lump-sum deposit.

2. Why invest in pre-construction properties?

If you want to start making money with real estate, then pre-construction is an excellent option to consider. In Toronto, investment in pre-construction condos is a popular choice because the market is going from strength to strength.

The most important benefits are the potential to profit from the property before developers finish building, as well as the appreciation in pre-construction over time. As the Toronto property market continues to boom, you can have more control over your investment by purchasing a new build than by buying an already constructed home. Also, the properties have a greater long-term return on investment, as they’re often in desirable neighbourhoods with good schools and amenities.

When you compare pre-construction properties with homes, there are two important considerations: affordability and qualification. The requirements are much higher when purchasing a home, with strict mortgage rules via employment and down payment percentages required. Thus, condo precon is a great way to start your investing journey and get your feet wet as it allows you to enter the housing market without having to incur a higher mortgage and tighter qualification process for the mortgage.

If done correctly, this type of investment gives the highest returns over time. This is because the rate of growth is typically higher on these types of assets due to a lower upfront price compared with residential homes (or commercial buildings)!

3. How to find a great property

One thing to keep in mind when your looking for a pre-construction property, though, is that there are many opportunities out there to choose from. You need to work with an experienced real estate wealth strategist who can do the right research, understand your needs, and select the ideal property based on their expertise and experience. The focus is always on education investors so that you are equipped to make an informed, strategic decision.

They are also privy to the most latest and up-to-date information about new projects before it becomes more widely available. They also have platinum access afforded to them via the relationship created by the broker of record that not just anyone has access to.

If you’re interested in investing in a pre-construction condo, then give Nikki a call. She would love to help answer any questions about how this investment opportunity could work for you and your family. There are many ways to invest in pre-construction properties, but working with Nikki means that you get access to the best properties for the highest potential return on your investment!

11 Tips for Listing Your Property the Right Way

If you’re trying to sell your home, there’s nothing worse than seeing it languish on the market for months and months with no idea why. Instead of sitting in Property Purgatory, just follow my 11 recommendations for making sure your property is listed properly and sells with a healthy level of demand.

Have the Right Agent – This is an agent who knows the market, who is tech savvy and who is checking the market for all the comparables, like how much surrounding properties have sold for and how many days properties have been on the market.
The Price is Right – You and your agent need to find the right price for the market because if you don’t, there will be consequences. You need to have the right strategy. For example, if the market for condos is low — but yours has a high asking price on your condo — don’t expect to sell quickly. This also is true in reverse. For example, if the market for homes is very hot, a lot of sellers will put their home at a lower price so they can try to instigate a bidding war. The overall listing strategy often depends on the personal situation of the seller. Perhaps they are in a rush to sell. Your agent should be educated enough to sell your home for the right price and list it at the right time.
Stage Your Home – Ideally, if you’re able to vacate your home during showings, you should have it staged. Staging your home brings a lot of value to a property. According to a 2017 presentation by the National Association of Realtors, 58% realtors representing sellers believe that buyers offer more money for a staged home. As you would expect, Home Staging Resource, an organization that offers training and resources to stagers, is even more bullish on staging. Its website states, “In a survey of 3,500 staged homes, 46% sold for 10% more than they would have unstaged.”
Have Great Photos – Photos are very likely the first thing buyers see on your listing and on social media. It’s also very likely that photos are the main thing that determines whether they will select your property for an in-person showing and your home needs to make a great first impression. Always take photos and always use a professional photographer because there’s nothing worse than looking at listings with your buyer clients and not being able to see a listed home because there are no photos attached. A listing without photos, or with photos of low quality, is a good way to get your home instantly ignored by potential buyers.
Include a Virtual Tour – With potential buyers advised to stay home due to the COVID-19 pandemic, buyers are no longer coming out for as many in-person showings. Therefore, it’s more important than ever to offer a virtual tour with your listing. A virtual tour goes a long way in helping buyers determine what properties are worth an in-person look.
Clean and Clutter-Free – If you can’t vacate your property while it’s on the market, you can at least make it look as vacant as possible by getting ride of your unwanted items and organizing the rest. Along with clearing the clutter, comes cleaning. Cleaning your home before a showing is very important. This is especially true of the kitchen and bathroom(s). You also want to showcase how much storage is available in your home. Items currently stored in your home should be stored off-site, or in your building locker, during showings. This way, people can see just how much storage your property comes with. Oh, and if you have pets, board them or send them to a friend or family member to take care of. You may be a dog or cat lover, but not everybody is, and seeing your pet may prevent some from making an offer on your home.
Make Small Repairs – You never know what people are going to notice and count as a reason to not make an offer on your home. All those little repairs you never got around to – get around to them now. Fix that running toilet, get new mesh for that screen door, screw in that new lightbulb, fix that leaky faucet, and put on that fresh coat of paint. Any repair you can do to make your home look newer and less of a project, do it.
De-personalize – You probably have things around your home that are very personal and significant to you, but they’re not personal or significant to a potential buyer, so hide them. People like to envision themselves living in your home and it’s hard for them to do that when there is a picture of your last family trip to Disneyland staring back at them. It may feel like prospective buyers are invading your space and encroaching on your territory, but you want to put that feeling aside and let them feel like they could see themselves living there because that’s what may compel them to make an offer.
Let the Light Shine In – You want to make your home as bright and attractive looking as possible to a buyer. Just before a showing, turn on all the lights if it’s at night, open all the drapes if it’s during the day and let as much light shine in as possible.
Pass the Smell Test – If you’ve seen a certain Febreeze commercial, you know that it’s possible to go noseblind to smells in your home. That’s why you need your real estate agent to tell you if there’s any weird or off-putting smells in your home. If there is, get rid of them and make sure you no longer have these smells once you’ve made the effort because smells can affect a lot of potential buyers. Grab a few nice and non-assaulting air-fresheners and make your home smell pleasant as people walk in.
Take Care of Your Landscape – If you’re trying to sell your home, do what you need to do for excellent curb appeal and take care of your landscape. Your frontyard and backyard can attract potential buyers if you make them both look beautiful.

What to look for when investing in a Pre-construction condo

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.

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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.

The Importance of Working with a Pre-construction Specialist

A pre-construction condo is an ideal way to leverage your finances, access property growth, and build sustainable long-term wealth. As a long-term strategic investment, a pre-construction condo can yield high returns.

With a pre-construction condo, you can buy a property in an up-and-coming area to maximize your returns. For example, a subway station being built in your area, a new park or a new transit route. All of this will add to your property’s value, make it easier to find tenants and when the time comes to sell, you won’t have any trouble finding a buyer willing to pay a premium.

If you’ve never owned a brand-new property, this could be your chance. While you can easily rent your condo once it’s built, there’s nothing like the feeling of owning a property that hasn’t been lived in by anyone else before. While you need to run the numbers yourself, an experienced real estate wealth strategist with a proven track record is worth their weight in gold. Buying pre-construction properties has many benefits, but if this is your first time it can be difficult to navigate the market on your own. It is key to work with a pre-construction specialist to ensure this process runs smoothly and all the amazing benefits come to fruition for you.

Here are my top reasons why you should work with a pre-construction specialist:

I have sold millions of dollars in pre-construction condos in the GTA over the last few years so I am well versed and experienced in the process. I know the right questions to ask, and know how to find the best properties that best suit your needs. Since I was a lecturer of architecture back home in Iran I always had a passion and love for real estate. The many years I spent studying and teaching architecture to students has been an asset over the years. I consider myself very knowledgeable and offer my clients a high degree of expertise when it comes to selecting the right properties whether it’s your principal residence or investment property.

I have access to some of the most sought after projects across the GTA

As a platinum agent I have access to premier developers with incredible track records and decades of experience in design and building. They are the most distinguished and sought after experts in our industry and their level of standard goes far beyond the average. Their level of confidence and expertise provides my clients a feeling of luxury and sophistication like no other. Throughout the entire process I will provide you with my expert opinion and sound advice. More importantly, together we will choose the right project that meets your investment criteria.

I work for the buyers, not the developers

My aim and goal is to provide my clients 5 star service matched by 5 star properties that will increase in value over time. My best interest is always in the hands of my clients over what’s best for the developers. The developers that we select to work with provide a level of care and appreciation for their customers and it really shows in the level quality and craftsmanship they deliver.

A pre- construction expert will help you understand the total cost

As a real estate sales professional i have a fiduciary responsibility and obligation to each and every one of my clients. It’s my duty to provide them as much information to make a well informed and educated decision. I want them to feel confident and comfortable every step of the way throughout the entire process. In my opinion it’s imperative that we help clients better understand the costs associated with buying real estate in order to facilitate a more fruitful relationship. This is why I highly recommend consulting with a real estate lawyer or one of our expert lawyers before you decide to purchase.

Looking for a pre-construction expert?

It’s a new year, and real estate homes are booming, prices are going up and condo developers are offering the greatest incentive ever seen. As your wealth strategist and pre construction expert I am bullish on real estate, it’s the greatest tangible asset that appreciates nightly as we sleep. I would love to work with you to help build your real estate Investment portfolio and start planning your early retirement. Give me a call and let’s get started, don’t wait there is no better time than now…Strike while the iron is hot

Why invest in a pre-construction condo?

It’s 2021, a brand-new year and the ideal time to make some important decisions. Investing in property, particularly a pre-construction condo, is one of those decisions that will have a far-reaching impact on your long-term financial goals as it can unlock exciting growth opportunities. So much so, in fact, that when you start looking at the benefits of a pre-construction condo, it just keeps getting better and better.

Here’s what you need to know…

With a pre-construction condo investment, you get:

Investment growth opportunities

A pre-construction condo is an ideal way to leverage your finances, access property growth, and build sustainable long-term wealth. With pressure on Toronto’s property market from Green Belt Legislation that limits the number of areas available for building in the city, there will be continuing demand for properties in the years to come. According to Statistics Canada, there are over 125,00 people that move into the GTA every year, and they all need somewhere to stay.

As a long-term strategic investment, a pre-construction condo can yield high returns. If you compare the costs of buying an existing condo vs a pre-construction one, you’ll find that the pricing is more competitive and there is also the added benefit of next-to-no maintenance costs once it’s built.

Your choice of area

With a pre-construction condo, you can buy a property in an up-and-coming area to maximize your returns. It could be that a subway station is being built in your area, or a new park or a new transit route. All of this will add to your property’s value, make it easier to find tenants and when the time comes to sell, you won’t have any trouble finding a willing buyer willing to pay a premium.

A brand-new property!

If you’ve never owned a brand-new property, this could be your chance. While you can easily rent your condo once it’s built, there’s nothing like the feeling of owning a property hasn’t been lived in by anyone else before.

With a pre-construction condo, you can add your own unique style to the property. This might mean top of the range finishes, a unique color palette or a neutral set-up to entice prospective tenants, so your home is exactly as you want it, no need to re-decorate or renovate.

How do you get the best deal?

While you need to run the numbers yourself, an experienced real estate wealth strategist with a proven track record is worth their weight in gold. Nikki has an extensive network and resources, so she can help you find and compare projects, and will make personalized recommendations based on your needs and preferences.

Toronto’s best pre-construction condos for investments in these current market conditions.

Toronto’s property market has never looked better. Rock bottom interest rates, developer incentives and a positive future outlook for the industry have attracted attention both locally and internationally. Investors are looking to capitalize on exciting investment opportunities in the city and you have the chance to do the same.

Now is the ideal time to purchase pre-construction condos for investments while there are still options with market-beating growth potential available.

Here are the top 4 reasons to buy a pre-construction condo in these current market conditions:

A great, limited-time investment window

In Toronto, the real estate market continues to show strong growth, far outpacing other city centers around the world. But with these current statistics and future growth projections comes a more competitive market and fewer opportunities to purchase pre-construction condos for investments. Now is the time to step up to the plate and buy, rather than waiting for condos to become outpriced or risk missing out on the incentives that condo developers are currently offering.

Looking to the future

Property prices are set to continue to surge due to the low borrowing interest rates. Investors in particularly are looking to capitalize on the news that the Bank of Canada has opted not to increase the interest rate from the current 0.25%. Analysts project a healthy housing market, with growth in 2021 at 5.4% and 3.7% in 2022.

A diverse portfolio of pre-construction condos for investments

From Church-Yonge to Annex and Mount Pleasant West to Willowdale East, Nikki has a diverse portfolio of exciting investment opportunities for savvy buyers.
To view Nikki’s full portfolio, have a look here.

Your chance to get ahead

With strong growth forecast for the next few years and pent up demand from the last few months, now is the ideal time to get into the property market. If you’re ready to take the next step, start by looking at pre-construction condos for investments. And, if you need honest, unbiased advice, Nikki can help. Her years of experience in the industry and a personalized approach to matching buyers with properties will ensure that you find a pre-construction condo that perfectly aligns with your investment strategy.

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Nikki is a well-established real estate wealth strategist in Toronto and has access to new pre-construction condos for investments as they come available, so you know that you’re getting the cream of the crop when it comes to investment opportunities.