If you do solid research, and are confident in a region, city, neighborhood, look for a pre-construction opportunity. This will allow you to save a great deal of money as you get in early and also have more control in the layout of the property. Keep this in mind, the earlier you get in the better. Say much like ask if an owner would like to sell a property even if there's no for sale sign.
Often you’ll have the option to sell this property to another buyer even before the property is completed. Contact large brokerage firms in markets or cities that you see as growing and offering some value to home and rental seekers. Is it a cool factor or growth based on a new company relocating?
Pre-construction sales help the builder secure a loan. Often, a lender will require over half the property to be sold before that issue a loan.
Ensure that the company you're buying the pre-construction property from is in good standing and you will get your money back if the property is not built. Also, take a look at other buildings the firm has created. Additonally, have the agreement map out a time frame for completion and deductions if the dates are not met.
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