If you are familiar with the real estate market, you are indeed aware of what property launch means. And if you don’t, stay tuned as you’ll understand what it is and why many people prefer to purchase a property when it’s being launched at https://www.newlaunchesreview.com before its completion. If you are new to such aspects of the real estate market, then here is why most people would tend to purchase a condo when being launched.
Appreciation of capital
A question many buyers ask before deciding the property to purchase is the appreciation of capital when there is a new launch. If your main objective of investing in property is to grow capital, then purchasing a launch condo is a sure thing to do as you will get a good chance of your capital appreciating.
When the property is being launched, you will get it at a cheaper cost since the developer gives discounts to buyers who book before its completion. Most importantly, what you’ll pay for the new launch is somehow closer to the initial value of that property.
You will get discounts and incentives.
The launched condos come at the price of a developer and don’t need the buyers to foot the agent’s commission. Many developers also provide several discounts to the buyers when launching condos. This may be a direct discount on price or tamp duties.
Many units available
When you book a flat during the launching of a condo, there are high chances that you will first select the unit type you prefer that has piqued your interest. This depends on how early you purchase it and if there’s balloting on the date of launching the condo. Being in a position to choose implies that you may decide on a unit that will be easier to rent …