Pre-Construction Condos For Sale in Martin
About Martin's Pre-Construction Condos For Sale
Welcome to Martin, a neighbourhood in the city of Kelowna with 3 Pre-Construction buildings with condos for sale.
A very special portion of the real estate market exists in the area of development, or Pre-Construction, condos. These are units that are purchased based on the projected plans for a building that is not yet built. A buyer may visit a temporary showroom, located near to the proposed location of the building to see models and floor plans of the various units the seller hopes to construct, or simply receive a package with this information electronically. Purchasing at this stage allows the buyer to have greater control in the outcome of their unit. They can make a different type of investment and purchase at a lower price per square foot than what is typically available post-construction. If you want to be able to choose your floors, finishes and appliances, at less than the cost to purchase someone else's choices from the past, Pre-Construction condos for sale might appeal to you. It's not often that you have so many design choices when looking to purchase a home. There will be a number of layouts, options for total square footage, number of bedrooms and location within the building to choose from. Usually, this type of customization will require a second investment in renovations, as well as the purchase price of your home.
When taking the leap on a Pre-Construction condo for sale, you'll be given a list of options that you'll be able to customize. Everything in the home will be brand new and they will likely be under warranty. Keep in mind that the developer is speculating on what they believe the final outcomes will be for the unit and building, they require some flexibility, not everything can be fixed into even the best agreements. This can make a good case for looking at the past projects of the developer. How close to their projected dates did they come? Do they have a history of big surprise closing costs or a history of great relationships with their buyers? How have their projects held up over time as places people want to live and as investments. This type of home purchase, more than others, requires a long term deal with your developer. You'll want a long term relationship that is mutually beneficial. Purchasing a unit in a building prior to the work beginning can have some tremendous benefits. It also requires deeper knowledge to arrange this type of purchase. A Real Estate Professional who specializes in development or Pre-Construction condos for sale may be helpful for protecting your investment. The money spent on a qualified agent may be easily recuperated with the thorough shaping of your agreement. You'll want to understand how the Pre-Construction payments are going to be structured and where you'll be spending versus saving. In an already finished home, it's easy to see how your money is being spent. With a Pre-Construction condo, being well informed will be a must.
If you're looking for more Pre-Construction condo buildings in this area, the neighbourhoods Downtown Richter and Downtown South are nearby. This neighbourhood is a Biker's Paradise with a bike score of 91. Some Transit is available in Martin. Martin is Very Walkable with a walk score of 72.
Martin Condos For Sale
Established as one of Kelowna's condo hubs, Martin, has a total of 12 condo buildings. Martin is a perfect fusion of modern and hip condos, there are 3 Mid-Rise, 9 Low-Rise and 3 Pre-Construction. With so many buildings to choose from in Kelowna, there are unsurprisingly many condos for sale in Martin. Condos for sale in Martin are on the market for an average of 66 days. There were 69 condos sold in Martin in 2020. Martin saw an increase in the number of condos sold by 33% compared to the year before. Condos for sale in Martin had an average sale price of $$274,801 last year, an increase of 8% from the prior year. This neighbourhood is Very Walkable with a walk score of 72. Some Transit is available in Martin. This neighbourhood is a Biker's Paradise with a bike score of 91. You can find the neighbourhoods of Downtown Richter and Pridham nearby.
There is a surprising amount of green space with Martin Park in Martin. There are always new exhibits and events happening at Kelowna Art Lodge.
