Quote:
Originally Posted by saiko
Any thoughts on pre sale homes? (River District - R+R)
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Ain't nothing wrong with pre sale homes imo but like everything there are pros and cons. I'll just list a few pros and cons.
- locked into price so even if the prices sky rocket during build it doesn't affect you although a negative if shit tanks during build
- everything is first hand although from a build quality point of view you just don't know how good it's where as with a non pre sale you know
- ability to lock in and continue to save more during build vs a non pre sale where you need to have the money and ready to move now
- no bidding wars
- have to wait 1, 2, 3, sometimes even more years to be ready
- have to pay GST
As for River District I think other people have touched on it in this thread but my own personal thoughts are this. Probably the last remaining "deal" in Van, pretty decent bang for buck in terms of $/sq. Will be the next Olympic Village and then some so the future outlook is great.
However, I think you'll have to deal with years and years of construction and depending on where you building is it may be really bad or maybe not so bad. Noise and road detours and closures will be your life for a while just like Olympic Village was or still is. I've been working in the village since the beginning of 2009 and I've been driving by construction omw to work for over 7 years with no end in site, it has been of minor annoyance to me so far as they've been pretty good with the road closures/detours and I'm far enough that the noise is a non issue but I can't imagine having to live in the construction zone.