The first step in purchasing a pre-construction home is making a reservation. This typically involves placing a small deposit to \u201creserve\u201d a specific unit, usually when the development is still in the planning or early construction phase.<\/p>\n\n\n\n
What to Expect During Reservation:<\/p>\n\n\n\n
- \n
- Unit Selection: Depending on availability, you\u2019ll choose the unit that best fits your needs \u2014 whether that\u2019s a townhouse, condo, or detached home.<\/li>\n\n\n\n
- Deposit: The reservation deposit is usually a fraction of the total purchase price. It\u2019s not a commitment to buy but rather a way to show serious interest in a specific unit.<\/li>\n\n\n\n
- Reservation Agreement: At this stage, you\u2019ll sign a reservation agreement that outlines the basic terms, including price range and expected delivery date.<\/li>\n<\/ul>\n\n\n\n
This initial reservation period gives buyers the chance to secure their desired unit before it\u2019s officially released for sale, allowing for early access and a better selection.<\/p>\n\n\n\n
2. Signing the Agreement of Purchase and Sale (APS)<\/strong><\/h2>\n\n\n\n
After reserving your unit, the next step is to sign the Agreement of Purchase and Sale (APS). This legally binding document details the specifics of your purchase, including the total price, closing date, and other important terms and conditions.<\/p>\n\n\n\n
What to Expect When Signing the APS:<\/p>\n\n\n\n
- \n
- Reviewing Terms: This is a critical step, so take the time to carefully review the agreement. Ensure that all details are correct, including the unit\u2019s specifications, pricing, and estimated closing date.<\/li>\n\n\n\n
- Final Deposit: Following the signing of the APS, you\u2019ll be required to pay a larger deposit, often ranging from 5% to 20% of the total purchase price. This deposit is paid in installments and is held in trust.<\/li>\n\n\n\n
- Completion Date: The APS will provide an estimated completion date, though this is often subject to change based on construction progress.<\/li>\n<\/ul>\n\n\n\n
It\u2019s also common to have a \u201ccooling-off\u201d period after signing the APS. This period allows you to back out of the agreement for a set number of days (usually 10 days), though certain conditions apply.<\/p>\n\n\n\n
![\"\"](\"https:\/\/paradisedevelopments.com\/blog\/wp-content\/uploads\/2026\/05\/shutterstock_2094058795-1024x683.jpg\")
<\/figure>\n\n\n\n3. Construction Begins: The Waiting Game<\/strong><\/h2>\n\n\n\n
Once the APS is signed and your deposit is paid, construction officially begins. This phase can vary in length, depending on the complexity of the development and the builder\u2019s timeline. During this period, it\u2019s important to keep in touch with the builder to stay informed about any updates or delays.<\/p>\n\n\n\n
What to Expect During Construction:<\/p>\n\n\n\n
Updates and Inspections: Many builders offer updates at key milestones, and some may even allow for site tours or inspections. These updates help keep you informed about the progress of construction and any potential delays.<\/p>\n\n\n\n
Finalizing Choices: As construction moves forward, you may need to finalize choices like cabinetry, flooring, and countertops, depending on your level of customization.<\/p>\n\n\n\n
It\u2019s important to be patient during this stage. Delays can occur, whether due to weather, supply chain issues, or other factors. Keep an eye on your projected move-in date and stay flexible if changes happen.<\/p>\n\n\n\n
4. Closing and Pre-Delivery Inspection (PDI)<\/strong><\/h2>\n\n\n\n
As the construction phase nears completion, you\u2019ll be notified that your home is ready for a Pre-Delivery Inspection (PDI). This is your opportunity to walk through the home and ensure everything meets the agreed-upon standards.<\/p>\n\n\n\n
What to Expect During the PDI:<\/p>\n\n\n\n
Walkthrough: You\u2019ll inspect the home with a representative from the builder to check for any issues or discrepancies, such as unfinished work or defects.<\/p>\n\n\n\n
List of Corrections: If you find any issues, they will be documented, and the builder will correct them before you take possession.<\/p>\n\n\n\n
Final Payments: At this point, you\u2019ll need to make the final payment to the builder, which will cover the remainder of the purchase price.<\/p>\n\n\n\n
The PDI is your chance to ensure the home meets your expectations before officially moving in, so be thorough and take your time.<\/p>\n\n\n\n
![\"\"](\"https:\/\/paradisedevelopments.com\/blog\/wp-content\/uploads\/2026\/05\/shutterstock_2680677817-1024x674.jpg\")
<\/figure>\n\n\n\n5. Occupancy: Moving Into Your New Home<\/strong><\/h2>\n\n\n\n
After the PDI and closing, it\u2019s finally time for occupancy! This is when you officially take possession of the property and move in.<\/p>\n\n\n\n
What to Expect at Occupancy:<\/p>\n\n\n\n
Occupancy Fee: If you\u2019re buying a condo, you may be required to pay an occupancy fee until the building is fully registered. This fee covers things like maintenance, property taxes, and utilities.<\/p>\n\n\n\n
Registration: Once the building is officially registered, the title to your home is transferred to you, and you\u2019ll receive the deed.<\/p>\n\n\n\n
Moving into a brand-new home is a milestone, and the process culminates with a sense of pride and excitement as you begin to settle in.<\/p>\n\n\n\n
Final Thoughts: The Journey to Homeownership<\/strong><\/h2>\n\n\n\n
Purchasing a pre-construction home offers the benefit of getting a brand-new property designed with modern features, energy efficiency, and customization options. While the process can seem long, each step brings you closer to your new home.<\/p>\n\n\n\n
By understanding the reservation-to-occupancy process, you can manage expectations and make informed decisions. Whether you\u2019re a first-time buyer or an experienced homeowner, staying informed every step of the way ensures that your experience is as smooth and rewarding as possible.<\/p>\n","protected":false},"excerpt":{"rendered":"
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