For prospective residential home buyers, or for commercial builders, teardown real estate, especially in Toronto, has become an increasingly popular option. For those that aren’t familiar with this term, ‘teardown real estate’ is just a trendy way to say removing an existing house or building and replacing it with something new. This is an attractive choice for residential homebuyers over simply purchasing a resale home because it removes the need to budget for renovations, and allows total control for floor plans and design features. Further, new-builds are energy efficient and require less maintenance that older, dated resale homes.

For commercial builders teardown real estate holds similar benefits; building from the ground up allows a builder to practically guarantee quick sales, having been able to cater specifically to a targeted high-end demographic that is most likely to buy.

As with any venture, keeping costs down is key to staying within budget. Both residential and commercial customers have reported that cashback for builders in Toronto is a great way to reinvest back into a project.

There are some ways to secure cashback within a project, but it’s important to look at the advantages and disadvantages of each.

Cashback for realtors in Toronto – Experienced real estate agents are a valuable member of any teardown real estate team. Some realtors do have cashback options for buying clients (never selling). This is known as real estate commission rebate cashback. This option is where the agent forwards part of their commission to the buyer as incentive to work together. However, this option is pretty rate, and may mean that some typical real estate services are omitted during the process.

Cashback for builders in Toronto – This type of cashback is even more difficult to find as it will come from the type of financing product chosen. There is a mortgage product that has a cashback feature that may be accessible to individuals, but as of yet there is no commercial version of this for construction. The only advantage is a quick source of funds initially. The disadvantages are that you will pay for the privilege; higher interest rates and severe penalties should the mortgage terms need to be altered at any time in the future.

Cashback for business expenses in Toronto – This type of cashback comes from smart shopping. Some people use credit cards with a cashback feature when making business purchases. Others have discovered a simpler way that come with both cashback reward dollars, zero interest charges, no annual fee AND access to volume discounts. This simpler way is an online savings and rewards platform called Shop2Save. This site is innovative for amazing crowd-based volume savings, a stellar loyalty program and a generous philanthropic pledge to give back to the community through ongoing donations to children’s hospitals all across Canada.

In addition to cashback for business expenses in Toronto, Shop2Save can also facilitate Cashback for realtors and builders in Toronto as well. Shop2Save collaborates with some of the biggest names in the industry so that members can earn real cashback rewards dollars when they arrange products or services. For real estate, it’s Remax and for mortgages, construction loans and commercial financings it’s Dominion Lending Centres.

Visit Shop2Save today to see how to earn cashback for builders in Toronto and more!