- Homes in pre-sale often have lower costs than the market average.
- IProfit can be obtained by renting or reselling the home even after some time, thanks to the appreciation, which was 16.7% in 2022.
More and more people are opting to forego renting and buy their own home. In 2022, according to the Real Estate Report by specialized portal Lamudi, the trend for sales was 78.3% while rentals were 21.7%. However, acquiring property, besides being a significant decision, can also pose a substantial challenge, from the investment itself to selecting something that fits our needs.
While most buyers desire a home that requires no repairs, it’s also recognized that new homes tend to be more expensive. Therefore, the best solution is to acquire them during the pre-sale stage, when the project has not yet completed construction and the developer needs to secure funding. But is it a good idea to invest in a pre-sale when the final product isn’t yet available? The answer is yes, for many reasons.
One of the main reasons is that costs are much lower than they would be once construction concludes, precisely because contractors aim to simply cover their investment. Another reason is that, despite not being able to physically see the final product, you can envision it through plans, models, and projections, which is a great advantage as it allows you to choose a design according to your tastes without having to search for something similar that may require maintenance.
Moreover, this option also implies the possibility of making a profit. Here are some ways you could make the most out of it if increasing your capital is among your goals heading into 2024:
• Resell the property: This is one of the most obvious ways, as mentioned earlier, the cost at which you acquire it will be lower than the market average, so once construction is completed, you can sell it at a higher price, with the assurance that it’s a new home. However, consider the issue of property deeds, as if you fail to sell it beforehand, that expense will be your responsibility.
• Occupy it for living: Perhaps your initial intention wasn’t to buy a house to live in, but it’s a good idea, especially if you have another property that needs renovation and you need to vacate it for that purpose. Also, consider that properties generally increase in value over time; in 2022 alone, appreciation was 16.7% for houses and 18.9% for apartments, according to Propiedades.com.
• Rent out your new home: One of the most profitable uses you can make of it is to rent it out, as the monthly rent can help cover the acquisition costs. It may seem like a slow income, but its consistency will lead to profits in a short time. The best part is that you can offer it at a higher price since it hasn’t been used.
• Invest in exclusive projects: Some pre-sale projects are exclusive and luxurious. Investing in such developments can result in higher profits due to their exclusivity and the high demand from wealthy buyers.
• Opt for flipping strategy: Buying multiple units in pre-sale and quickly selling them before or after project completion is another option to capitalize on. While this approach may require more capital, it also has the potential to generate considerable profits.
• Avoid maintenance payments: While this doesn’t directly generate profits, it allows you to save significant sums compared to buying a previously inhabited home. Buying in pre-sale means you don’t have to worry about paints, finishes, installation details, among others, as everything will be delivered in perfect condition.
Now you know that acquiring a home in pre-sale is a good investment that can generate capital for you. But like in any business, it’s important to research thoroughly before closing the deal; make sure you know all the details about the property, the developer, and the conditions under which it will be delivered. Having a comprehensive understanding will lead you to a successful purchase.
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Fuentes de consulta:
https://www.lamudi.com.mx/journal/reporte-de-bienes-raices-en-mexico-2022-lamudi
https://gpvivienda.com/blog/casas-en-preventa
https://www.lamudi.com.mx/journal/preventas-inmobiliarias-ganar-dinero
https://www.lahaus.mx/blog/tips-financieros/como-ganar-dinero-preventas