The story that completely disentangled and abolished my previous experience as a professional in Pre-construction Sales!
Exploring fundamental metrics like:
- Average Price Per Square Foot
- Actual Progression Rate
- Adjusted Progression Rate
- Break-even Capital Rate
- Type Variability Index
- Builder Target Market
- Comparative Project Analysis
These metrics are essential in evaluating the investment component in a pre-construction. They cut through the flare and glare that builder project with their renderings showcasing their high-end finishes and the majestic lobbies and amenities that include pet spas & kid's zones. Not that these amenities aren't cool but they should not be the first thing an investor looks at!
If the motive is to make money, then you better know if the builder is over-pricing the project to take a bite of your profit margin. Even if you want to move into the condo, you also should be aware of what premium you are truly paying to be in the building. I want to share these tools with you because I believe that it takes guts to be in the Real Estate game and to be taking ownership of your future. If I can help orient you like I could have oriented my now happy lawyer client who has made numerous profitable purchases since. A $60,000 profit margin over a span of 7 years could have been closer to double or triple what she made and she would have put in a smaller investment without the stress of having the money tied up for that long.
If you are interested in properly evaluating a project and having us guide you through it and teaching you some of the fundamentals necessary to determine if the project is profitable. All you need to do is sign up and you will receive an email instantly explaining what the Fundamental Metrics mean and how to derive them yourself. With that information, you will be equipped to ask the right questions and complete the right research to evaluate a project.
