18/09/2023
Advantages of Buying a Pre-Selling Unit
It is important for a home buyer to determine the benefits of a pre-selling unit so that you will know what are the opportunities you can grab once you purchased one, as well as the offers and perks that you can enjoy with a pre-selling unit.
1. Lower or discounted prices compared to built up houses.
Usually, if you are going to buy an already constructed house, it costs more than a property that doesn’t have a built up house yet. You can buy them usually 30 to 50% lower than a house that is already constructed.
2. Flexible payments, terms, promos, and discounts.
Since the buyer has a longer waiting time before the property can be transferred to them, the developer can offer the best payment terms for them.
Through this, the buyer won’t need to cash out a bigger amount of money since they will need to only pay for the reservation fee of their preferred property as well as the monthly down payment.
3. First pick on the best location in the project or development.
You can choose first your own specific preference in terms of lot in the best block of the project for example, if you want your property to be close to the amenities or the entrance of the subdivision.
And since no house is built yet in the development, there will also be more available inventories that will let you have wider range of options for the location of your property.
4. Can give higher rate of return if you choose to have it rented out.
If you are an investor wanting to purchase a pre-selling property and willing to wait, you will definitely get a higher rate of return because the house was bought in a lower price.
For example, if you reserve a unit that is payable for 18 months, so that would be almost two (2) years of payment, you can have a higher rate of return once the unit is turned over to you and you decided to have the unit to be rented out since you were able to buy it in a lower price.
5. High capital gains because of property appreciation.
You must keep in mind, that in real estate, the property’s value will appreciate over time. This is the reason why it is better to reserve or invest a property as early as its pre-selling phase.
You can have a higher capital gain since once the unit would be turned over to you, you can have the opportunity to earn almost 20% of the money you invested in your property. And with this, investors can easily see the difference of the amount money they could earn through the years if they invest in a unit with a lower price.
