Investing in Preconstruction
1.Investigate the developer: Research their reputation,experience and project history. Make sure thatThey meet deadlines and have a good reputation.
2. Understand all the costs: Don't limit yourself to the pricebase. Includes taxes, maintenance, insurance and othersassociated expenses.
3. Review the contract carefully: Read it carefully,understand each clause and seek legal advice if necessarynecessary.
4. Seek professional advice: A real estate lawyer and afinancial advisor will help you evaluate the investment and navigatethe process.
5. Check licenses and permits: Make sure theproject has all licenses and permitsnecessary to avoid delays or cancellations.
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