Real estate may be all about location, location, location, but real estate investment is also about timing, timing, timing. Like the stock market, when you make your investment is just as important as the investment you choose. And, when it comes to real estate, a pre-construction investment can maximize your return.
The primary pre-construction investment advantage is that you can generally purchase a property at a lower price than if you were to wait until after the project breaks ground. Once construction is underway, popular locations and properties can trigger an influx of new investors who drive prices up. A pre-construction investment also allows you to choose among premium properties, whereas later investors can choose only from among the less desirable properties.
What to Buy in Today’s Climate
While the asking prices of single family dwellings are trending downward, there is still enough uncertainty in the market to cause concern. Lately, the attention of investors has turned to what are called condo hotels. These properties generally have both condominiums and luxury suites, and the communities typically have a number of attractive...