Pre-Construction Pricing Ending and a New Promotion at SoHo Champagne

If you haven't been by SoHo Champagne recently (a new condominium being built in Ottawa's Little Italy) you have missed a lot.  Construction started a few months ago and the building has just started to come out of the ground - at the time of writing this blog, the construction crew is on the 2nd floor.

Traditionally, at certain points in the construction phase, condominium developers increase their prices - and SoHo Champagne is no different.  But the great news is that you still have time to act on pre-construction prices, but only if you buy before December 1, 2013.  After that date prices will be going up by $10,000!  Now $10,000 may not seem like a big deal to some (especially when compared to the cost of real estate), but if spent wisely it can make a huge difference - it could provide your suite with hardwood floors throughout (typically new condominiums in Ottawa only offer hardwood or laminate flooring in the living areas, and carpet is normally provided in the bedrooms and dens), it could enable you to buy on a higher floor with a better view (which could ultimately increase your property value), or may even give you the opportunity to buy a larger condo or add some very unique customizations within your condo.

Now if a $10,000 incentive doesn't tickle your fancy, perhaps a brand new promotion will.  If you read one of my earlier posts or have been paying attention to the news, you won't be surprised to learn that interest rates are going up.  To counteract this inevitable increase, SoHo Champagne is offering to "Cut Your Interest Rate In Half" on selected suites for 2 years!  What does that mean? It mean that your monthly costs can be reduced by as much as $450 - if you're an investor, that increases your potential earnings, or could lower your rent making your property more attractive to tenants; if you're planning on residing in the condo, that's a saving of over $5000/year - I'm sure we would all like to have an extra $5,000 in our pockets.  Now, I know what you're thinking - "Only on 'Selected Suites'? That's just the builders way of getting rid of the junk no one wanted." but the 'Selected Suites' are those that are priced at or below $320,000 at SoHo Champagne.  I happen to have a price list for that site handy, this promotion would be valid on the following styles (they can be viewed here) - PS2B, PS2C, PS3, G, E & E1.  There are also a few different layouts whose priceshover around $320,000 - I'm sure with a little negotiating you could get the builder to make an exception or two.  Like all promotions, there are other conditions that apply, but certainly none that drastically alter the benefits - to learn what these conditions are, or to learn more about SoHo Champagne and other similar condo developments, feel free to contact me.


Thanks for reading.

Taylor Bennett
Sales Representative - Bennett Property Shop Realty
www.BennettPros.com
Taylor@BennettPros.com
@OttawaTails