Newly constructed homes are typically priced lower than a comparable resale unit upon completion. This allows buyers to lock in a price and potentially benefit from the property’s increased value over the construction phase. Also, with a pre-con property, you have to pay a smaller down payment upfront and pay the remaining instalments over a span of time.
And how can we forget the modern and luxurious amenities that one gets to enjoy in a pre-construction home? These voguish amenities offer convenience and significantly elevate the living experience of the residents in the property.
Want to know what high-end amenities the residents of a newly constructed property get to enjoy? Here they are -
Amenities for Convenience
Smart Home Technology - Features like smart locks, thermostats, and lighting come under this amenity in pre-construction properties for sale. Through these amenities, you can control all the electrical appliances and systems in your home with your smartphone or voice command, making your day-to-day life easier and more convenient.
Smart home technology allows you to adjust lights, or the temperature of your pre-con home from anywhere, anytime. Also, these smart home features improve security by allowing you to monitor your new home remotely and automate tasks.
- In-Building Concierge Services - In-building concierge services are like having a personal assistant in the building. The concierge can take care of tasks like receiving packages, scheduling appointments, or booking building amenities on your behalf.
- High-Speed Internet Services and Co-Working Services - Many new normal from the COVID-19 days have remained as our “normal” till today, including the remote work culture. This is why many pre-con homes have convenient co-working spaces with high-speed Internet within their premises. This makes working from home a smooth experience for the property residents.
- On-Site Laundry Facilities - These on-site laundry facilities in properties have washers and dryers located inside the building. So, residents no longer have to worry about carrying heavy laundry baskets to a laundry place located far away from the building. They can simply wash and dry their clothes at their convenience, freeing up time for other activities.
- Valet Parking or Car Wash Services - With valet parking, residents have to simply pull up to the building and hand their car to an attendant who parks it for them. How convenient, right?
Car wash services, on the other hand, can be scheduled on-site in your own home, removing the need to drive miles to a car wash facility and wait in line.
Amenities to Keep Residents Active
- Fitness Centres or Yoga Studios - Fitness centres of pre-construction properties in Ontario are usually equipped with cardio and weight training equipment. The yoga studios, on the other hand, have enough space for holding group yoga classes or practising individually.
- Swimming Pools or Hot Tubs - For residents looking for some lightweight exercise and relaxation, there are swimming pools and hot tubs. You can enjoy a refreshing swim for cardio or unwind in the hot tub to soothe muscles right in your home.
- Basketball Courts or Squash Courts - Residents can practice a game of basketball or squash with their kids or enjoy a friendly match with neighbours to stay active.
- Running Tracks - Pre-con residents can jog on the track for cardio, stretch out, or do some outdoor workout without travelling afar.
Amenities to Enjoy Community Life
- Lounges or Game Rooms - These comfortable areas in pre-construction properties often have seating areas, games like billiards or board games, or sometimes even TVs. They provide a casual environment for the new residents to relax and chat with neighbours.
- BBQ Areas or Rooftop Terraces - On the BBQ areas of properties, residents can throw BBQ parties, potlucks, or simply enjoy the outdoors with their new neighbours. Rooftop terraces are perfect for hosting big events, movie nights, or game nights where everyone from the building can join.
- Screening Rooms or Event Spaces - Most newly constructed properties have rooms where residents can enjoy movie marathons, or even watch sporting events on a big screen. There may also be spaces where management hosts gatherings during holidays or some talent shows or competitions from time to time.
- Children's Playrooms or Daycare Facilities - Newly constructed properties often have a safe and supervised space for kids. Here, the kids of the building can meet, play, and make friends. Also, while your little ones play and mingle in these areas, you can socialise with your new neighbours from the building.
Amenities to Elevate Lifestyle
Private Spa or Wellness Facilities - In these areas, residents of pre-construction properties can indulge in pampering treatments, and massages, and even use high-end amenities like steam rooms or saunas.
- Indoor Golf Simulators or Bowling Alleys - Over here, you can enjoy a game of golf or bowling with friends and neighbours right in the building. This can add a touch of luxury to your everyday life that you probably won’t get in a resale property.
- Car Charging Stations - This is a forward-thinking amenity in a newly constructed property that caters to eco-conscious residents. With the help of this feature, residents with electric vehicles can conveniently charge their cars at home.
- Home Theatre Rooms or Wine Cellars - Home theatre rooms in a pre-construction property offer a private cinema hall-like experience to residents right in the comfort of their homes. These rooms have top-notch audio and visuals, allowing you to enjoy movies and entertainment in ultimate comfort and style. The wine cellar amenity of pre-construction properties, on the other hand, provides a special space for storing and preserving your preserved wine collection.
There's a High Price Tag Attached to These Luxurious Amenities
The luxurious features and amenities of a newly constructed property will be factored into the overall price you pay for the property. That’s because luxurious amenities require a significant investment by the developer. Hence, the developer spreads out these costs amongst the homebuyers who buy units in the development phase.
This is why before you commit to buying a pre-construction property for sale, thoroughly evaluate if you really need all the amenities. For instance - if you prefer swimming laps, there’s no point in shelling out dollars for a property with a resort-style pool. At the end of the day, remember that amenities can add value to your property and enhance your lifestyle but they shouldn’t come at the expense of your financial well-being.