Make the most of your visit to a pre-sale presentation centre

For the most part, homeowners want to leave a presentation centre armed with the information they need to continue their purchasing journey, but often, many don’t know the right questions to ask to be fully informed.

The benefits of visiting a presentation centre

A visit to a presentation centre provides a potential homebuyer with the vision of a project. Presentation centres are professionally designed to communicate the lifestyle that a new development will provide, presenting a better understanding than documents alone can of the vision in both internal and external features and layouts. What you’ll see is the pre-sale project as a whole, individual example show homes, and the sales team that is representing the project.

Who to go with and what to bring

Bring a trusted friend or family member with you on your visit to share in the experience and help in the decision-making process. In addition, bring a realtor with you as chances are, he or she can assist you in making the best choices for your specific list of wants and needs.

Don’t forget a pen and paper. Ask questions, take notes and discuss it all with your companions to make sure you’re maximizing your best options.

Gathering information

Knowing what to ask is key to establishing better peace of mind as a potential homebuyer. Here are some questions to help you get the information you need.

1. What’s included in the starting price?

You probably have a budget in mind before stepping into the presentation centre, so don’t be afraid to ask about pricing right off the bat. When it comes to starting prices, you also need to know which features and finishes your new home will come with. There’s a good chance the sales centre will have a model suite or suite vignettes, or it may actually be located in a model home. If you have the opportunity to tour a model, ask whether the finishes seen are upgrades or standard.

2. What floorplans are available?

If you’re at a relatively new presentation centre opening, the answer will likely be “all of them.” However, it’s still a good idea to inquire, especially if you have a certain plan in mind or are a novice homebuyer. This information will help you determine whether or not you need to stick around at the site. If what you’re looking for is available, then jump on it. If not, continue your home hunt.

3. What colour schemes are available?

Nine times out of 10, you have a colour scheme in mind before you even step foot inside a presentation centre, so again, go ahead and ask what’s available. Although it may seem like a relatively easy change, homebuyers can be particularly sensitive to colour scheme selections. Purchasing a pre-sale home has many benefits, including colour scheme options, customizations, the possibility to spread out deposits and much more. Pre-sale also provides you the opportunity to plan ahead, allowing you the time to budget.

4. What does the deposit schedule look like?

Generally speaking, you need a deposit to secure your unit. The good news is your deposit structure is paid out over time, so you won’t need to have it all available upfront. Before you sign an agreement to purchase, ask if you’re able to rescind your offer with no fear of penalties. If a timeline is given, most people take this time to have their lawyer review the contract and to get pre-approval from a mortgage lender, which is usually a requirement from the builder.

5. What are the strata fees?

Your monthly strata fee is an amount that the strata corporation uses to pay the common expenses of the development. Your individual fee is assessed by taking the total cost of the strata’s expenses and dividing that by the unit entitlement of your strata lot. Be sure to inquire, so you’re able to budget effectively for your new home.

Overall, your presentation centre visit should be an exciting opportunity to learn as much as you can about your new home purchase. Don’t have time to visit one? Consider learning more about how you can shop online for your pre-sale home instead.

Original article: NextHome

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