PRECONSTRUCTION_CONDOS_VERSUS_EXISTING_UNITS

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PRECONSTRUCTION CONDOS VERSUS EXISTING UNITS
SHAWN GANDHI

• shawngandhi.com/
  
  905.795.1900

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When you are shopping for a new condo in
Mississauga, you will be presented with two
general options Invest in a preconstruction
condo or buy an existing home. Both of these
options have their advantages and disadvantages.
It is important to carefully weigh these in order
to determine which purchasing decision will be
best for your particular situation.

• shawngandhi.com/
  
  905.795.1900

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Pros Preconstruction CondosThere are several
new condo construction projects either under way
or getting ready to break ground. The main
benefit of considering a unit that has not yet
been built is it gives you more flexibility in
choosing from a variety of floor plans, interior
design and décor options, and other features that
best reflect your own personal tastes. Plus,
everything will be brand new once the unit is
finally built and you close on the sale.

• shawngandhi.com/
  
  905.795.1900

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Pros Existing CondosWith already-built condos,
the main advantage is not having to wait for the
unit to be built. Existing homes are also a wise
choice for people who want to move into their new
home now. You can shop from a variety of homes on
the market, some of which are brand new units in
several of the newer communities. Once you find
the home you like, you can complete the
purchasing and closing processes fairly quickly
in most cases.

• shawngandhi.com/
  
  905.795.1900

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Cons Preconstruction CondosThe main
disadvantage of preconstruction units is having
to wait for them to be built. In some cases, the
builder has not even broken ground on the project
and it may be a year or longer before your unit
will be built.

• shawngandhi.com/
  
  905.795.1900

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There is also the risk the project could be
delayed past the original anticipated time frame
for when your new home would be completed.
However, your Mississauga real estate agent can
help ensure you have protection clauses in place
to protect your interests should this occur.

• shawngandhi.com/
  
  905.795.1900

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Cons Existing CondosOne disadvantage of
existing condos is most have already been lived
in by someone else. In older units, it is even
possible the unit is being sold by the second or
third owner. Another drawback is related to the
age of the unit and community and the amount of
work required to make the home your own.
Although, you could get a great bargain on the
home and have the power to negotiate a lower
sales prices.

• shawngandhi.com/
  
  905.795.1900

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As you can see, preconstruction and existing
condos both have their benefits and drawbacks.
Other things to consider while shopping real
estate listings in Square One and throughout the
GTA are

• shawngandhi.com/
  
  905.795.1900

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1. How Much Home You Can Afford2. Amenities
Offered by the Condo 3. Community4.
Convenience to Shopping, Dining, Parks, 5.
Entertainment, and Public Transport

• shawngandhi.com/
  
  905.795.1900

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To check out the current real estate listings for
both preconstruction and existing condos, feel
free to contact me, Square One real estate agent,
Shawn Gandhi at 905.795.1900 today. I have an
extensive knowledge of the condominium market and
will do everything I can to satisfy your needs
and help you find your new home! Source-
http//shawngandhi.com/preconstruction-condos-vers
us-existing-units-shawn-gandhi/

• shawngandhi.com/
  
  905.795.1900