To be a successful investor in todays real estate market there are few keep things to keep in mind. Having all the available knowledge of the market you are dealing with is essential. For an example there is a new condo project in pre-construction named 50 Wellesley Residences. What are some important things we need to know if this will be a good Real Estate Investment?
For pre-construction sales since there isn’t much to show your clients. Learn about the developer, their past and current projects. The location is crucial to understand the type person that will live there as it give an indication of the cost of the condo. People choose to live in Toronto for the convenience of neighbourhood amenities. Having quick access to restaurants, bars, shops, and entertainment will make any condo development a quality investment.
Real estate investors must possess high ethical standards. Since networking is essential in this business, you don’t want to rub the anyones shoulders the wrong way. Especially with pre-construction sales since developers tend to favor certain agents and give them repeat business.
50 Wellesley Residences for investment purposes is located in a great location of Toronto. The condo will be around many major amenities which people will be looking for. The condo is being backed by the Plaza Corp developer, who have successfully built many condos in the Toronto area. 50 Wellesley Residences will have 223 suites for sale and will stand 28 storeys above street level. It designed for comfortable and luxury living, containing high end features and finishes.