New Build – Invest in Toronto

Flipping new build properties in Toronto is an excellent investment opportunity with exciting prospects for generating profit. Toronto itself is a historic city, and as such, many of the older homes have already undergone renovations over the years. The problem, which also makes them less than lucrative for the majority of real estate flippers, is that while they are gorgeous to look at both inside and out, the current renovations may already be dated and not appeal to the current demographic of buyers for the area.

Either the demographic has shifted over time and it is no longer applicable, or the interior features or actual design layout are so dated, potential buyers are put off by the amount of renovations required to make it practical or even liveable. Extensive renovations deter even the most experienced and successful house flippers, especially when considering how expensive real estate is in Toronto. This is where new build properties come in. Building from the ground up means starting fresh and opens up options for saving on the original property investment.

New Build Properties – Designed to Sell

Researching who most likely potential buyers for whichever area in Toronto you are speculating in, means that you can create a floor plan and features that will appeal to the mass market. This also means that you will be able to budget your project more efficiently because there will be no hidden issues, as happens with traditional resale homes.

New Build Properties – Make Your Money Go Farther

Do your research on where you can make your money go farther and work harder for you. Make a list of all the purchases you will need to make, as well as all the professionals you will be dealing with, and then look at how each can be approached in a way that you can initially lower your investment before and during the building and flipping process. Are there discounts to be had through incentives or volume purchasing? Is there a chance you can earn cashback rewards dollars on any of your transactions?

When flipping new build properties in Toronto, there are some key places to look in the interest of making your money work harder for you:

• Builders commonly offer savings and discount incentives to help them ensure that the bulk of their development project are sold quickly. This could include being rewarded for purchasing specific lots, or for having construction start during a specific time period. Rewards from developers vary greatly, and these incentives can translate into design upgrades, or preferred interest rates.
• One secret weapon experienced house flippers keep in their back pocket is their membership with Shop2Save, an online consumer site that offers discounts made possible through volume buying, and cashback rewards dollars on the vital tools of the house flipping endeavour – buying and selling, and arranging mortgages.

Unlike traditional cashback mortgages that offer additional money when the mortgage is finalized but with a higher interest and potential financial penalties, Shop2Save offers true cashback without the rub. House flippers that arrange their mortgage through Shop2Save earn actual cash-back rewards dollars. And not just when arranging mortgages! Shop2Save also facilities the ability to earn cashback from Realtors when buying and selling properties.

Flipping new build properties in Toronto is an excellent, cost-effective way to generate profit.

Make sure to visit Shop2Save to see how exciting it is to generate profit through cashback savings.