Buying prior to construction commencing generally means you are getting the first choice of the floor plans and views and sometimes the ability to personalize your home. The developers provide floor plans, a sales center, and artist impressions of what you're purchasing to help you visualize your new home.

Is buying pre-construction a good idea?

Pre-con is good if you need more time to save

Buying pre-con gives you the flexibility you need to pull that money together over time. A deposit on a pre-con property is usually 20%, but you pay it in installments over two, three or even four years.

Is buying preconstruction cheaper?

Pre-construction homes are typically cheaper than their resale or ready-built counterparts, because you're essentially buying a promise. You put down your deposits (as per your purchase agreement) and the builder promises to deliver a home in a few years.