Want to invest in pre-con? 5 things to keep in mind

This article provides five key factors to consider when investing in a pre-construction condo. Firstly, location plays a significant role in the value of the property, and being close to a transit line or downtown core is beneficial. Secondly, the reputation of the builder is crucial as you want a builder with a proven track record. Thirdly, the right to assign or sell your unit before the building is complete is essential for flexibility in case of life changes. Fourthly, the right to rent during the occupancy period can help cover costs. Finally, it is crucial to have a cap on closing costs to avoid any unexpected increases. The article emphasizes the importance of working with a good real estate agent to negotiate investor incentives and ensure a stress-free experience.