You’ve probably heard properties being promoted as being in the “pre-sale phase.” Several of us have wondered if there is a difference or if we should invest during the pre-sale. The answer to this will depend on your goals.
To determine if investing in the pre-sale phase is your best option, here’s a basic guide to what you need to know to make an informed investment.
Why “pre-sale”?
A property on pre-sale, whether an apartment, villa, or townhome, is still under construction and is marketed before the structure is completed. These properties are most commonly located in residential developments and in an area of high capital appreciation.
The practice of offering properties for pre-sale is common in the real estate sector. Developers do this to finance the project's continuity by establishing an attractive initial price for the buyer.
Advantages of Investing During Pre-Sale
- You invest at a lower price. Depending on the construction phase, you can pay between 10% and 30% less than the final cost.
- Payment plans. You can buy your property with a down payment as low as 10%. Depending on the project, the down payment can be settled when you receive your property or by affordable monthly payments.
- You'll get a 100% new property. You will be the first to enjoy the property with its finishes and facilities in impeccable condition.
- The capital appreciation generated in comparison to the pre-sale price. With finished property, its price can increase by up to 30%. Remember that these projects are generally in residential areas with amenities and other capital appreciation factors, further increasing the property's value.
Time and Patience, Definitive Factors
Properties on pre-sale usually finish construction in 1 to 2 years. Therefore, they are ideal for long-term investment. Remember that Rome wasn't built in a day, so your patience will be rewarded with a project that will generate significant returns.
This is the case of Constelada, a development on pre-sale in Aldea Zama, one of Tulum's most luxurious and exclusive residential areas. Constelada has 6-unit types and first-class amenities.
We invite you to learn more about this excellent investment opportunity in one of Mexico's most profitable destinations.
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