2. PRE-CONSTRUCTION PHASE IN CONSTRUCTION
During the second phase of pre-construction the developers build and you sit back, there is little work to be done during this phase of pre-construction except ensure your cheques cash.
As we mentioned, the pre-construction phase of in construction is where developers want to sell at least 70% of their units ahead of construction. So depending on how long it takes to sell the building, this may put a minor delay in the timeline between the sales and construction phases.
Your real estate agent will know which developers have better reputations for sticking to their projected timeline. Much of the delays today are due to red tape at the city level. It often takes much longer for a project to be fully approved, that it does to sell out.
Once the developer decides to break soil it takes about one full year to fully excavate the site. This takes roughly one third of the overall construction time and it’s here that the foundation is laid and the underground parking is built.
Once the building reaches grade, the structural components are built floor by floor. This includes the frame, beams, columns and floor slabs. This process can climb at about one floor per week in most cases. By opting for pre construction condos, owners get to enjoy homes built according to the latest design concepts and cutting-edge construction techniques and elements.
See how CIBC Square is using the jumpform method to increase the structural construction time
As the upper floors continue to rise, the inner workings of the building’s lower floors are being added. This includes the utilities from water to electricity. Once the inner services are good the drywall is added and they move on to the next floor.
The exterior finishes begin from the lower levels up. This includes the cladding, windows and balconies. It’s when these finishes start to appear that you get a better sense of the overall look the condo will have.
About one year prior to occupancy the condo developer will reach out to their purchasers for colour and finish selection so they can start customizing the interior suites.
Example of The George Condos in Leslieville’s colour options
Each development will allow you to choose from a variety of colours and finishes offered. You can select your finishes and even upgrades, based on your taste and preferences. It will help avoid future revamping or remodeling projects that are not only expensive but also require a lot of time and attention. Besides, the customizations, if chosen properly, can further increase the value of your home.
Not sure what finishes you prefer or what choices would be best for resale on your investment? We can select them for you as a value-add service.