There are many great reasons to buy preconstruction homes in the GTA. One is for wealth building, another is to have a newly built home to move into that has never been lived in by anyone else, one is to live in a newly developed neighbourhood, which is clean and well-maintained.

How can you build wealth by investing in preconstruction homes? There are a few ways to do this. One way, is to make the initial and ongoing investments into the property, then sell it after final occupancy. Since property values tend to rise every year, when preconstruction homes are almost completed, the homes will have appreciated and new buyers will be shopping according to the current market values, not the values at which you originally purchased the homes for.

The other way to build wealth with real estate is buying a preconstruction home. Both preconstruction houses and preconstruction condos will work. When the home is built, you can rent it out to cover all of the mortgage and expenses, generating passive income or return on investment for years to come.

Ontario is booming with preconstruction homes for sale and preconstruction condominiums for sale. You can buy into a property before the Builder puts a shovel in the ground, or you can buy a property that have already started being built, and take over a contract.

Caryn Parchment is a preconstruction home specialist and she will be happy to learn about your property buying needs and goals, and present the best preconstruction or remaining inventory home options for you.