TAGS: #THEMILLHOUSECONDOINMILTON #CONDOMINIUM #PRE-CONSTRUCTION #CONDOAMENITIES
Are you thinking of investing? Now is a good time…interest rates are low, there’s a lack of rental properties available to match the need, and Milton is GROWING!
We’re wondering if you’ve heard about The Millhouse Condominiums in Milton… Fernbrook Homes is building a community “set to redefine condominium living in downtown Milton.”
No really! Check out The Millhouse Features and Finishes supplement.
THE FINE DETAILS:
- 15 and 19 stories = 458 suites
- 1, 1+ den, 2 bedroom, or 3 bedroom layouts
- Parking: 1 included with purchase
- Locker: 1 included with purchase
- Additional parking – $54.95/Month | Additional locker – $24.95/Month
- Lowest priced unit: $506,990 with a vast amount under $700,000
- Maintenance fees: Suite – $0.64 psf/Month | (Excludes Hydro & Water)
- Unlimited internet: $58.83 plus HST per month
- Property taxes: Property taxes will have prescribed rates at the time of Occupancy
- Occupancy date: November 2024
The Nitty-Gritty: How to Get a Condo at The Millhouse:
- Mortgage Pre-Approval Requirements
- Deposit – Payment Structure
- Why You Should Invest in Milton
Reasons to Buy Pre-Construction
Clients are always asking us if it’s better to buy pre-construction or a resale property. There are pros and cons to each, and ultimately it depends on your own personal circumstances. This is where speaking with an experienced real estate agent can really come in handy. Here are some “pros” to purchasing a pre-construction property:
- Pre-construction condos can still make money by appreciating in value prior to the completion of the building.
- A mortgage payment on the property isn’t required until the final closing on the building happens.
- New construction allows investors to avoid the process of visiting individual resale condos in person and conducting back-and-forth offers.
- Getting in on a new community before it becomes established and resale-oriented will be great for value.
Reasons to Work with an Experienced Real Estate Agent
So it seems pretty easy to buy pre-construction if you’re looking to invest. You might even think, “this is easy, why would I need a real estate agent to help me?” Here are just a few reasons off the top of our heads:
- A real estate agent is working for YOU and looking out for YOUR best interests, but a builder is only looking out for the building
- Experienced real estate agents have read 100’s of purchase agreements with various clauses and real estate jargon and they (we) know what to look for that are (again) in your best interests, not the builders.
- Experienced real estate agents have helped 100’s of people buy properties for all kinds of different reasons. An agent can help you get clarity on what you want and what you need in an individual and personalized way.
So the next question is:
How can we help you?
Written by:
Tanya Fernandes
Broker | Owner
