Property buyers are faced with a decision: will they invest in move-in-ready or pre-construction property?
Both have pros and cons, and it all comes down to your goals, timeline, and financial status.
Let’s explore the benefits of these two types of real estate investments and the opportunities available for each.
The Benefits Of Pre-Construction Properties
1. Lower Purchase Price
Properties that are bought off-plan or in the pre-construction stage have a lower price compared to their already-completed counterparts. To incentivize early buyers, developers tend to offer attractive prices.
By securing your property early, you’ll lock in a lower price before it increases with each construction phase, demand, and/or inflation.
2. Appreciation Potential
It’s common for the value of a property to increase by the time it’s completed.
The local market experiencing growing demand during construction, infrastructure developments in the area (new roads, schools, parks, shops, etc.), economic growth, scarcity of housing, an increase in construction costs, upgrades to the original design, and favorable interest rates and financing conditions are some of the reasons why a property could appreciate by the time construction finishes.
3. You Can Customize Your Property
Many developers will work with buyers to customize aspects of their property. By buying pre-construction, you could get the chance to pick your unit’s finishes and layout and add upgrades.
4. Flexible Financing Options
If you buy during the construction period, developers may offer financing options such as payment plans, deferred down payments, special interest rates, and even discounts in pricing or closing costs. This can make it easier for the buyer to acquire the property.
The Benefits Of Move-In-Ready Properties
1. Immediate Availability
One of the most important advantages of buying a property that is already built is that you can move in right away…
2. No Surprises About The Finished Product
When buying a completed property, what you see is what you get. You can inspect the final product and know exactly what you’re buying—everything from the layout and finishes to the views and overall condition of the property.
You can also assess the quality of construction, materials used, and workmanship. This reduces the risk of dissatisfaction with your purchase.
3. No Dealing With Delays
It’s common for the timeline of a development project to be extended due to lack of construction materials, legal issues, labor shortages, financial issues, subcontractor delays, and more.
If you’re buying into a building that’s already finished, this would not be a concern for you.
4. Immediate Rental Potential
If you bought the property as an investment to rent in the short or long term, a plus of a completed property is that it can be rented out almost immediately.
If the unit comes unfurnished, you may need to furnish it… A furnished rental will usually be easier to rent, but make sure you know your market well. Depending on where it is, there could be demand for unfurnished units, too.
Comparing 2 Projects In Costa Del Este, Panama
Panama City is a booming metropolis with a large expat community and a level of infrastructure you won’t find anywhere else in Central America. That includes first-class service in everything from transport to health care…
Over the years, as new buildings, hotels, restaurants, and shops popped up, Panama City’s master-planned area, Costa Del Este, has grown into its own vibrant and bustling neighborhood.
Home to the country’s many large multinational corporations, well-heeled Panamanians and thousands of working expats from around the world are choosing to base themselves here…
It’s a safe and walkable neighborhood, the shops stock imported goods, and the health care is first-class (and includes a Johns Hopkins-affiliated hospital). Plus, there’s a choice of international schools.
Let’s take a look at a pre-construction and ready-to-move-in building in this coveted neighborhood…
Pre-Construction Investment Opportunity
This offer is in a building only 15 minutes from the international airport and even less than that from the heart of Panama City.
You (or your renters) will have a choice of restaurants and cafés just steps from your front door… with world-class shops and hotels nearby.
Our deal gives us early access to luxury condos with all this on our doorstep—at pre-construction pricing.
Our exclusive deal hands us exceptional profit potential:
- We’re getting in on one of the most desirable and upscale locations in Panama City…
- We’ll enjoy on-site, five-star amenities… including a spectacular infinity pool with cabanas, a second rooftop pool, a bar, an outdoor theater, a modern gymnasium, a spa, and a co-working lounge…
- Choose to rent, and everything will be taken care of by an experienced rental company already managing 100 properties in the area…
- You can expect to see $20,000 or more in annual rental income…
- This project comes from Panama’s top developer, the company responsible for Panama City’s iconic skyline and other major projects in this exclusive neighborhood…
- Right now, visitors to Panama City struggle to find a vacation rental because it’s illegal to rent out your home or apartment for a period less than 45 days…
In our project, this rule doesn’t apply. You can legally rent your apartment by the day, week, month, or year. All of which gives us the upper hand in an already booming rental market…
- Our deal—for our readers only—means we can secure a luxury condo, starting from just $250,000 at the latest available pricing, fully furnished…
- Financing is available.Liz, our contact, can walk you through the terms when you get in touch…
This project also offers apartments here where you can age in place…
Designed with health care support, first-class amenities, social activities, and even health insurance in mind. Your home, located just across from a Johns Hopkins-affiliated hospital, offers a luxury overseas getaway where you can retire safely…
And still rent for profit at any time should you choose.
Opportunities to secure a luxury property in this location and at this price—starting from just $250k—are rare.
This is your chance to own in a brand-new luxury building in a booming market…
And with that coveted short-term rental license. I expect these will be claimed quickly.
Head here now for full information and to secure your pick of the best units.
Move-In-Ready Investment Opportunity
Our next offer is an already completed building designed by an award-winning architect and interiors done by a renowned firm.
The building has plenty of social areas that both the owner and renter can enjoy: a rooftop terrace, game room, business lounge, gym/yoga studio, squash court, wellness center, entertaining lounge, athletic pool, sky deck, and barbecue area.
The building was already sold out, but some units have come back to the developer, and you get the chance to scoop them up before they’re gone again.
This investment offers us:
- A turn-key investment. The developer has an in-house management company in charge of the units.
- The building has a license for short-term rentals. This is the only other building in the area with the license, in which the 45-day minimum stay does not apply.
- Immediate rental profits. The building has been completed, and the rental units are already on the market.
- The neighborhood has a market in place for these kinds of units. Currently, about 20,000 people work for multinational companies in Costa del Este.
- The project is two blocks from the Towncenter Mall—the new heart of Costa del Este with cinemas, stores, restaurants, bars, the John Hopkins-affiliated hospital, offices, and medical centers.
- The apartments come fully furnished and ready to rent.
- You can choose between 70-square-meter units starting at $294,000or 76-square-meter units from $319,000 at the latest available pricing.
You can opt in to the rental pool to see an above-average ROI, but you could also choose to live in your unit or stay in it without any restrictions.
Liz can also help you out with the details of this offer. As construction is completed and the building is fully operational, she can show you real pictures and videos of the premises.
If you want a ‘‘what you see is what you get’’ property that’s rental ready and fully managed by an experienced company, don’t miss this chance.
As I said, there’s a limited number of units left in this luxury tower.
Go here to get the full details on this opportunity before it’s too late.
Sincerely,
Monica Linares
Managing Editor, Global Property Advisor