Preconstruction Homes In Markham

Buying pre-construction in Markham is a smart move. This tech hub is booming. As of January 2024, average home prices hit $1.27 million. That’s up from last year. Markham’s real estate is hot especially pre-construction homes.

Why choose Markham?

It’s Canada’s tech capital. Over 650 corporate offices call it home. Big names like IBM, Lenovo, and Pfizer are here. Jobs are plenty. That’s why immigrants flock here. But it’s not just work. Markham has great neighborhoods. Historic Unionville and Thornhill offer a heritage feel. Great spots for shopping and dining. Nature lovers, rejoice! There are 150km of trails.

What are pre-construction advantages?

The advantages for pre construction homes Markham are huge. You can watch your investment grow. As the area develops, so does your property value. It’s a chance to build equity fast. Traveling and going to the office or grocery is easy. Highways 407 and 404 are close. York Region Transit and GO Transit connect you to the GTA.

Education’s top-notch too. York University’s new campus opens in 2024. It’ll host 4,200 students. Markham’s future? It’s bright. Pre-construction lets you be part of this growth. It’s your chance to live in a thriving and diverse community.

Let’s talk money for pre-construction in Markham. You’ll need a bigger upfront compared to resale. Typically, it’s 20% of the price. But don’t panic. You don’t pay all at once.

Most builders use a deposit structure. It might look like this:

• $3,000 with your offer
• 5% in 30 days
• 5% after 90 days
• 5% at 180 days
• Final 5% at occupancy

This setup spreads out your payments. It’s easier on your wallet. Banks like this structure. It shows the project is solid. Remember, each deal is unique. Always check the specifics. Plan ahead and you’ll be fine.

Finding the best pre construction homes Markham isn’t simple. There are many great projects. The key is to do your homework.

• Check developer reputations.
• Look at the location and amenities.
• Consider future growth plans for the area.
• Compare prices and floor plans.
• Visit presentation centers.
• Read reviews from previous buyers.

Don’t rush your decision. Take time to evaluate each option carefully. Remember, what’s best depends on your specific needs and budget. It’s worth the effort to find your perfect match. Here are some of the promising developments right now –

• Upper East Side Unionville
• Mark & Main
• Cornell Rough
• One Place Gardens
• Qui Modern Towns

Here’s a tip: our team has an eye for promising projects. We’d be happy to share our current favorites with you.

Real estate agents are your secret weapon in the pre-construction market. They know Markham inside out. These pros have insider info on upcoming projects. They’ll guide you through the maze of options. Good deals and red flags are the things agents notice. They’ll also help you with confusing contracts as well as timelines. Do you need to negotiate? Agents back you up. The best builders work with agents, so they can give you early access to the hottest properties around. You could understand how to deposit or finance your house through them. Want to compare different pre-construction condos in Markham? An agent can create a custom list just for you. Looking for expert help? Reach out to our team.