5 Things You Should Know When Investing in New Construction

5 Things You Should Know When Investing in a ‘New-Con’ Property as told by one of Chicago’s top performing Agents specializing in New Construction developments

Buying a home is arguably one of the largest financial decisions you’ll make in your life, especially if it be your first one. With the burgeoning of Chicago’s tech hub and consistent corporate relocations, Chicago-proper is seeing substantial residential growth. This means that the chance you’ll be considering a ‘New Construction’ home is high.

There are a plethora of questions that arise from a New-Con purchase that range from financial to property and legality. Navigating those inquiries can be a full-time job on its own. We want to mitigate those curiosities and offer one of Chicago’s top producing Agents, and Fulton Grace’s very own, Will Goldberg’s first-hand advice.

  • Work with an agent that specializes in new construction sales. There are SO many nuances when it comes to new construction especially when you’re buying pre-construction!
  • Research early and investigate upcoming projects on the market. If the floor plan and location are available, try to get in early to make selections for a truly custom home experience.
  • DO research on the development group and their previous projects. A lot of smaller residential developers are fly by night and disappear after the closing.
  • Get a list of specs, finishes, and vendors prior to closing. If something comes up after closing, you will know who to contact!
  • Always park in your parking space before closing. Make sure that you can fit your car in the dedicated spot.

Will has twice been recognized by the Chicago Association of Realtors® as a Top Producer. In 2015, he ranked among the top 1 percent of Realtors® in the Chicago area – the most prestigious award in the industry – for closing 125 transactions. After doing several new construction leases ups, and new construction condo and single-family developments, Will found his passion for the new construction. His diverse and dynamic experience allows him to best serve Fulton Grace’s clients and address any issues that may come up during a real estate transaction.

 

WHO IS FULTON GRACE?

We are one of Chicago’s leading providers of comprehensive real estate services. We are home to an ever-growing team of savvy & reputable local realtors, seasoned property managers, and customer-service oriented staff. Whether you’re looking to find a new home, sell your home, or have your property managed, let us be your trusted real estate advisors.

 

 

Leave a Reply