Buying a pre-construction condo at the myst, can be an attractive option for those who want to invest in real estate. Pre-construction condos are brand new homes that are still under construction, and they come with several benefits which make them appealing to buyers. Below are some of the key advantages of buying pre-construction condos at the myst, as well as an overview of how they work:
1. Lower Cost
One of the main advantages of buying pre-construction condos is that they typically cost less than a comparable resale condo on the market today due to potential discounts from developers and lower closing costs associated with purchasing off plan units; this means buyers can get more bang for their buck when investing in pre-construction units at The Myst condo development compared to other properties in Toronto’s competitive housing market.
2. Flexible Payment Options
When buying pre-construction condos at The Myst, buyers often have access to flexible payment plans that allow them to pay only a portion of the purchase price up front, and then pay back the remaining balance over time during construction instead of having to pay it all upfront like you would with a resale unit – making it easier for buyers who may not have enough cash available or cannot obtain financing right away due to strict mortgage rules in Canada today .
3. Tax Advantages
Another great benefit of buying pre-construction condos is that there are certain tax advantages associated with these investments that investors can take advantage of such as GST/HST rebates and capital gains exemptions when selling a property after it’s been held for 5 years or more; this makes investing in The Myst condo development even more attractive due to its long term growth potential in Toronto’s hot housing market currently happening right now!
4. Design Customization Opportunities
Another big perk of investing in pre-construction units is the ability to customize design features such as cabinetry, countertops, flooring etc., which allows buyers to personalize their living space according to their own tastes rather than being stuck with someone else’s choice if they were looking into resale options – giving them more freedom and control over their investment decisions when purchasing from The Myst project!
5. Built In Amenities
As part of owning one of The Myst’s new construction condominium projects comes access to special amenities within each building, such as 24 hour concierge service, fitness centers, swimming pools and spas – something many older buildings don’t offer, which gives investors added value not available elsewhere making it worth considering before signing any contracts!
6. Increased Equity Potential
One last major benefit worth mentioning is that pre-construction condos tend to increase in value faster than existing buildings do because builders often choose desirable locations near urban centres where there will be higher demand from potential renters or purchasers once construction finishes; this makes buying early on one of The Myst’s developments an especially lucrative opportunity compared